An investigation of the microeconomics of the American healthcare delivery system. The course focuses on the demand for and supply of healthcare services and emphasizes the efficiency and equity characteristics of the system. An introduction to the foundations of both micro- and macroeconomic analysis, including consumer demand, production and cost analysis, price determination, and macroeconomic theory and policy. Emphasis is on the theory of the firm. An introduction to the foundations of economic analysis as it applies to consumer and firm behavior.
Emphasis is on market structures and pricing decisions.
An examination of the theory of resource allocation. Topics include demand theory, production and cost functions, theory of markets, general equilibrium analysis, and welfare theory. This overview of modern macroeconomic theory and its implications for the conduct of stabilization policies is intended to provide a solid background in macroeconomics for students not seeking a terminal degree in economics or for students preparing for EC 511. The course considers the microeconomic foundations of aggregate economic analysis, but with less mathematical rigor than in EC 511. A thorough examination of advanced value theory and a brief survey of distribution theory.