CHAPTER 2 Flashcards
What is Health
Economics?
Health economics studies the allocation of resources to and
within the health economy.
MORRIS, PARKIN & SPENCER (2012)
Health economics is the application of economic theory,
models, and empirical techniques to the analysis of
decision-making by individuals, health care providers
and governments with respect to health and health care.
TRUE OR FALSE
TRUE
Why did it
Emerge?
- Health and health care
sector plays a major role
in the economy.
TRUE OR FALSE
TRUE
- Because health care
sector is SIMILAR to other
sectors and industry.
Economic theory and models
may also be used to examine the
behavior of the health care
sector.
TRUE OR FALSE
TRUE
- Because health care
sector is different from
other sectors.
Health economics emerged as a
separate and specialized
discipline of economics because
Health has special features.
TRUE OR FALSE
TRUE
- Because health care
sector is SIMILAR to other
sectors and industry.
Health economics emerged as a
separate and specialized
discipline of economics because
Health has special features.
TRUE OR FALSE
FALSE
- Because health care
sector is different from
other sectors.
Economic theory and models
may also be used to examine the
behavior of the health care
sector.
TRUE OR FALSE
FALSE
What is Health
Economics
may be defined by who
health economists are,
and what they do.
WHO ARE 3 THE HEALTH ECONOMISTS?
- TRAINING
- EMPLOYMENT
- ACADEMIC UNIT
26% are assigned in schools of public
health, 18%in school of medicine, 24%
in economic department.
- TRAINING
- EMPLOYMENT
- ACADEMIC UNIT
3
Nearly ¾ have received Economics
degree.
- TRAINING
- EMPLOYMENT
- ACADEMIC UNIT
1
Almost all (96 percent) held
academic doctorate degrees.
- TRAINING
- EMPLOYMENT
- ACADEMIC UNIT
1
University setting (64%), Nonprofit
Organizations (15%), Government
(12%)
- TRAINING
- EMPLOYMENT
- ACADEMIC UNIT
2
What is Health
Economics
professionals who apply economic
principles and methods to study and
address issues in the healthcare
sector. Their work involves analyzing
data, designing policies, and
providing recommendations to
improve healthcare systems, reduce
costs, and enhance health outcomes.
5 ROLES AND RESPONSIBILITIES OF
HEALTH ECONOMICS
- Policy analysis
- Economic Evaluation
- Data Analysis
- Research
- Advisory Roles
Providing insights to governments, healthcare
organizations, and international bodies like WHO
- Policy analysis
- Economic Evaluation
- Data Analysis
- Research
- Advisory Roles
5
Developing and evaluating health policies to ensure
efficiency and equity.
- Policy analysis
- Economic Evaluation
- Data Analysis
- Research
- Advisory Roles
1
Conducting cost-effectiveness, cost-utility, and cost-
benefit analyses of healthcare programs and
treatments
- Policy analysis
- Economic Evaluation
- Data Analysis
- Research
- Advisory Roles
2
Using statistical tools to interpret healthcare data and
trends.
- Policy analysis
- Economic Evaluation
- Data Analysis
- Research
- Advisory Roles
3
Investigating the economic impact of diseases, interventions, or healthcare reforms.
- Policy analysis
- Economic Evaluation
- Data Analysis
- Research
- Advisory Roles
4
WORKPLACE FOR HEALTH
ECONOMIST
Government health departments
International organizations (e.g.,
WHO, World Bank)
Academic institutions and research
centers
Healthcare companies (e.g.,
pharmaceuticals, insurance firms)
Non-governmental organizations
(NGOs)
SKILLS OF HEALTH
ECONOMIST
Strong background in economics,
statistics, and data analysis.
Understanding of public health and
healthcare systems
Ability to conduct economic
modeling and policy evaluation
Policymakers and health economists seek to
determine whether spending on new technology is
worth it.
TRUE OR FALSE
TRUE
What do health
economists do?
Policymakers and health economists seek to
determine whether spending on new technology is
worth it.
