2023-2024 Catalog

ECON 215 Health Economics

The US healthcare has many stakeholders whose often opaque and complex market interactions ultimately affect the cost, accessibility, and quality of healthcare consumers face. Patients, policymakers and healthcare businesses rely not just on institutional knowledge of medicine, law, and culture, but on the incentives these system structures create that determine how firms compete in healthcare markets and individuals pursue their health and well-being. Health economics applies economic theory to healthcare markets and individual health behaviors to understand these incentives and interactions as well as guide policymakers in addressing issues of market failure and inequity in healthcare markets. In this class, students will be introduced to the economic theory that underpins healthcare markets and health behaviors.


ECON 101