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This course provides an introduction to the principles and tools of health economics. Participants will learn about the unique challenges of healthcare economics, including the trade-offs between quality and cost, the impact of government policies and regulations, and the role of insurance and other forms of financing.

After the successful completion of this course, you will understand the following;

Fundamental Concepts in Healthcare Economics:

• Define key economic concepts related to healthcare, such as supply and demand, cost-effectiveness, and opportunity cost.
• Explain the importance of healthcare economics in understanding healthcare systems and policy-making.
• Understand the importance of health economics.
• Understand concepts of healthcare economics.

Economic Evaluation of Healthcare Cost:

• Evaluate the costs and benefits of different healthcare interventions using economic evaluation techniques, such as cost-benefit and cost-effectiveness analyses.
• Analyze the impact of healthcare policies and interventions on healthcare costs and patient outcomes.
• Learn effectiveness from a Health Care Planner’s Point of View.
• Understand the Framework for Economic Analysis.
• Learn Economic evaluation.

Understanding the Principles of Healthcare Economics:

• Understand the principles of healthcare economics.
• Understanding how Production, resources, scarcity, and opportunity cost work in healthcare economics.
• Learn about Markets, Demand, and Supply.
• Understand Incremental analysis and the margin.
• Analysing Efficiency and Equity.
• Optimizing Discounting in accordance with health economics.
• Analyzing the time horizons.

Understanding Healthcare Economics Models:

• Understand the Economic Models of Healthcare.
• Learn how economic models of healthcare help in healthcare economics.
• Analysing market failure in healthcare.
• Optimizing Economics of Financing Health Care.
• Understanding of health care reform.
• Learn about hospital reimbursement.