econ 350 st lecture 1.pptx

8/14/2019 ECON 350 ST Lecture 1.pptx

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Course organization

Course outlineLecture timesTutorialsLearning objectives

Assessments: Quizzes, Class presentation, Mid-term test &final examClass presentation topic: Health care systems in othercountries

Readings: Textbook & additional readingsBlackboard

ExpectationsClass representativeLecture format

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Overview of topics1. What is health economics2. Characteristics of health and healthcare3. The production of health4. The demand for health and healthcare services5. Health insurance : Demand and Supply

6. The supply of healthcare servicesa. Production and cost of healthcare servicesb. Health care labour marketsc. Pharmaceuticals (and medical equipment)d. Types of healthcare providers

i. Physicianii. Hospitalsiii. Non-profit firmsiv. Managed Care

7. Government intervention in health markets8. Assessment and evaluation of health interventions 9. Health systems around the world

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1: What is health economics?


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T1.1: What is health economics?

Health economics studies the allocation of resources toand within the health economy (FGS, p 1)

allocation of resources application ofmicroeconomics to consumption, production, andexchange of health and healthcare

to and within .resources spent on health in totaland on different dimensions/aspects of healthhealth economy ..the entire configuration of actorsand behaviour (action & interaction) mechanisms that

produce health

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T1.2: A health economy/system

Consumers Producers

Financiers

Government

3. Healthproduction

4. Demand for health &healthcare

2. What is health &healthcare

5. Health insurance demand andsupply

6. Supply ofhealthcarei. Production of HC

servicesii. Types of HC

providers

7. Government intervention in HCmarkets

8. Assessment & evaluation of healthinterventions6


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Key elements to focus on

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Nature of good/service being transactedTransactors motivations & objectives IncentivesOpportunity costs & tradeoffsInformation

A transaction is about. Good/service transactedPayment for serviceInformation transferWhat else.


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General publicservices, 13%

Defence, 3%

Public order andsafety, 5%

Economicaffairs, 10%

Environmentalprotection, 3%

Housing andcommunity

amenities, 2%

Health, 17%

Recreation, cultureand religion, 3%

Education, 19%

Social protection,26%

New Zealand: General GovernmentExpenditure (2006)

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Household spending in NZ

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0

5

10

15

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2006/07 2009/10

Average weekly household expenditure onhealth

Table 1(3) HES

Medical products, appliances, and equipmentOut-patient servicesHospital services


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Average weekly household expendituresTable 2 HES

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Alcoholicbeverages,tobacco, andillicit drugs,

$29Clothing andfootwear, $31

Housing andhousehold

utilities, $253

Householdcontents andservices, $45

Health, $24

Transport,$131Communicatio

n, $36

Recreation andculture, $99

Education,

$17

Miscellaneousgoods and

services, $92

Otherexpenditure,$97


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13

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5

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9

11

13

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Share of health in GDP (%)

Australia Canada Denmark GermanyNew Zealand Norway Spain Sweden

United Kingdom United States


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Health system indicators(per 1,000 population) - 2009

0.02.04.06.08.0

10.012.014.016.018.0

Physicians Nurses Hospital beds14


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A Guide to FGS Chapter 1

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What is health economicsThe relevance of health economicsEconomic methods and examples of analyses

Does economics apply to health & healthcare

Is healthcare different? TOPIC 2 (next)

econ 350 st lecture 1.pptx

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