Graduate Curriculum Committee Course Proposal Form for Courses Numbered 6000 and Higher Note: Before completing this form, please carefully read the accompanying instructions. Submission guidelines are posted to the GCC Web site: http://www.ecu.edu/cs-acad/gcc/index.cfm 1. Course prefix and number: ECON 8650 2. Date: 09/14/2011 3. Requested action: X New Course Revision of Active Course Revision & Unbanking of a Banked Course Renumbering of an Existing Course from from to # Required X # Elective 4. Method(s) of delivery (check all boxes that apply for both current/proposed and expected future delivery methods within the next three years): Current or Proposed Delivery Method(s): X On-campus (face to face) Expected Future Delivery Method(s): X Distance Course (face to face off campus) Online (delivery of 50% or more of the instruction is offered online) 5. Justification (must cite accreditation and/or assessment by the graduate faculty) for new course or course revision or course renumbering: The graduate faculty of the Department of Economics identified a societal need for PhD graduates with advanced analytic and technical skills necessary for analysis, mitigation, management and regulation of risk—both environmental and financial. This requires an understanding of the underlying individual decision maker and firm behavior and their interaction within market and nonmarket settings. Theoretical modeling and empirical analysis complete the picture and allow for the identification of effective public policy and regulation. This doctoral program is unique within the state of North Carolina because it emphasizes risk modeling and analysis over a broad scope of applications that range from financial markets to natural hazards. Students with training from this program will be well equipped to qualify for high level positions within Federal and State Agencies that deal with natural hazards and regulation of risk, as well as businesses for 1 Revised 04-06-11 and posted fall of 2011 management and mitigation of risk. The assessment process of the Economics Graduate Faculty has determined that a course that develops and examines healthcare and health decision making in an economic framework would enhance the proposed doctoral program and support integration across the university. 6. Course description exactly as it should appear in the next catalog: 8650. Health Economics (3) P: ECON 8112, 8350, 8411. Economic analysis of topics related to the production of health and the delivery of health care; analytic survey of important topics in health care, indicating gaps in research, and introducing successful research programs in the field. 7. If this is a course revision, briefly describe the requested change: NA 8. Course credit: Lecture Hours 3 3 Weekly OR Per Term Credit Hours s.h. Lab Weekly OR Per Term Credit Hours s.h. Studio Weekly OR Per Term Credit Hours s.h. Practicum Weekly OR Per Term Credit Hours s.h. Internship Weekly OR Per Term Credit Hours s.h. Other (e.g., independent study) Please explain. s.h. 3 Total Credit Hours s.h. 8 9. Anticipated annual student enrollment: 10. Changes in degree hours of your programs: Degree(s)/Program(s) Changes in Degree Hours PhD/Economics NA 11. Affected degrees or academic programs, other than your programs: Degree(s)/Program(s) Changes in Degree Hours 12. Overlapping or duplication with affected units or programs: x Not applicable Documentation of notification to the affected academic degree programs is attached. 13. Council for Teacher Education (CTE) approval (for courses affecting teacher education): x Not applicable 2 Revised 04-06-11 and posted fall of 2011 Applicable and CTE has given their approval. 14. University Service-Learning Committee (USLC) approval: x Not applicable Applicable and USLC has given their approval. 15. Statements of support: a. Staff x Current staff is adequate Additional staff is needed (describe needs in the box below): b. Facilities x Current facilities are adequate Additional facilities are needed (describe needs in the box below): c. Library x Initial library resources are adequate Initial resources are needed (in the box below, give a brief explanation and an estimate for the cost of acquisition of required initial resources): d. Unit computer resources x Unit computer resources are adequate Additional unit computer resources are needed (in the box below, give a brief explanation and an estimate for the cost of acquisition): e. ITCS resources x ITCS resources are not needed The following ITCS resources are needed (put a check beside each need): Mainframe computer system Statistical services Network connections Computer lab for students Software Approval from the Director of ITCS attached 16. Course information (see: Graduate Curriculum and Program Development Manual for instructions): a. Textbook(s) and/or readings: author(s), name, publication date, publisher, and city/state/country. Include ISBN (when applicable). Books: Santerre, R & Neun, S. (2009) Health Economics: Theories, Insights and Industry 3 Revised 04-06-11 and posted fall of 2011 Studies (5th ed.) Mason,OH: Thomson South-Western Publishing. Folland, S., Goodman, A & Stano, M. (2009) Economics of Health and Health Care (6th ed.). Upper Saddle River, NY: Pearson Prentice-Hall. Readings: Fogel, R. (1994) "Economic Growth, Population Theory and Physiology: The Bearing of Long-Term Processes on the Making of Economic Policy," American Economic Review, 84, 369-95. Cutler, D., & Miller, G. (2004) “The Role of Public Health Improvements in Health Advances: The 20th Century United States,” NBER Working Paper #10511. Lleres-Muney, A. (2005) "The Relationship Between Education and Adult Mortality in the U.S.," Review of Economic Studies, Vol.72(1). Lindahl, M. (2005) “Estimating the Effect of Income on Health and Mortality Using Lottery Prizes as an Exogenous Source of Variation in Income,” Journal of Human Resources, XL(1), 144-168. Grossman, M. (1972) “On the Concept of Health Capital and the Demand for Health,” Journal of Political Economy,80(2), 223-255. Case, A., Lubotsky, D. & Paxson, C. (2003) “Economic Status in Childhood: The Origins of a Gradient,” American Economic Review, 92(3), 1308-1334. Arrow, K. (1963) "Uncertainty and the Economics of Medical Care," American Economic Review, 53, 941-973. Card, D., Dobkin, C. & Maestas, N. (2004) "The Impact of Nearly Universal Insurance Coverage on Health care Utilization and Health: Evidence from Medicare," NBER Working Paper #10365. Cutler, D., McClellan, M.& Newhouse, J. (2000) “How Does Managed Care Do It?” RAND Journal of Economics, 31(3), 526-548. DiMasi, J.A., Hansen, R.W., Grabowski, H.G. (2003) “The Price of Innovation: New Estimates of Drug Development Costs, “Journal of Health Economics, 22, 151-185. b. Course objectives for the course (student – centered, behavioral focus) Upon completion of this course, students will be able to: Model and analyze the healthcare decision from the patient’s perspective, physician’s perspective, and public health decision maker’s perspective. Evaluate empirical analysis pertaining to individual healthcare decision making, healthcare industries and public health issues. Utilize cost effectiveness analysis and cost benefit analysis to evaluate health interventions and public health policy Design and implement research projects, formulate new theory or test the implications of theoretical models using empirical data from the field or the lab. c. Course topic outline 1. 2. 3. 4. 5. 6. 7. The economic way of thinking about health and health care The production of health Risk, Time discounting and behavioral biases Demand for health insurance and demand for medical care The governmental provision of health insurance The Physician Services Industry The Hospital Services Industry 4 Revised 04-06-11 and posted fall of 2011 8. Cost Effectiveness Analysis 9. Cost Benefit Analysis 10. R&D, Innovation and the Pharmaceutical Industry d. List of course assignments, weighting of each assignment, and grading/evaluation system for determining a grade Quizzes and written assignments (25%); Mid-term Exam (25%), Comprehensive Final Exam (25%), Research Paper (25%). Grading System: A – Outstanding; B – Satisfactory; C – Insufficient; F – Failing. 5 Revised 04-06-11 and posted fall of 2011