Course Syllabus
1
Course Title and Course Code / Number, Credit hours (or equivalent), prerequisites (if any), co-requisites (if any)
Program
BSc. Healthcare Management & Economics
Course Title
Health Economics
Course Code
HEE 202
Credit Hours
3
Contact Hours
4 (2 Lecture Hours + 2 Non Lecture Hours)
Pre-requisites
PRE 106
Co-requisites
None
Year
2
Semester
3
2
Name and contact information of the Instructor(s)
Name
Dr. Moon Moon Haque
Qualifications
PhD.
Contact information
Email: dr.moon.h@gmu.ac.ae
3
Brief Course Description (as in Catalog):
This course aims at introducing participants to the use of economic analysis in all aspects
of health and health care. It enable the students to be familiar with the fundamental of
health economics, to understand relationships between health economics and health
policy and management, to interpret current issues in health care systems reforms using
health economics tools. The first part of the course discusses the fundamental of
economics and major issues concerning market failures in health care: efficiency-driven
responses and equity-driven responses to these failures are outlined. In the second part
more details are provided on health care expenditure determinants; demand for and
supply of health and health care; insurance market; theory of incentives for health care
providers; hospitals as economic agents; health economics applied to pharmaceuticals
and medical technologies.
4
Intended Course Learning Outcomes of the Course:
Course Learning Outcomes
Upon successful completion of the course, student will be able to:
1: Understand and describe the specificities and complexities of the health sector
2: Explain why health is a supply induced demand sector and its implications
3: Outline the issues shaping and influencing decision-making in health policy
4: Explain and advise on risks and opportunities of specific health policies
5: Evaluate efficiency, effectiveness and equity of a specific health market
configuration
6: Be autonomous in evaluating the main and side effects of a policy
7: Propose in his/her own hospital or health organization a strategic developments
that maximize efficacy given expected behaviors payers and patients
8: Develop effective consulting and policy making capabilities applied to the health
sector
Session
No
1
Course Topics and
Contents
Materials
Topic: Introduction to
Economics
Contents:
Demand
and
supply
• Consumer
surplus
• Market dynamics
• Class Discussion
Topic: How do agents
make decisions
•
2
Contents:
3
4
1. L. L. Hicks: Ch- 2, 3 & 6
2.
https://scholar.harvard.edu/files/mankiw/files/economics_of
_healthcare.pdf
1. Hicks: Ch-4 & 7
• Preferences
2. http://jasss.soc.surrey.ac.uk/17/4/13.html
• Utility
• Budget constraint
• Class discussion
Topic:
Technology
and the supply curve
1. Hicks: Ch-5, 6 & 8
Contents:
2. Ivey Case study by: Sonal Singh, Meeta Dasgupta on
“Leader Healthcare: Deciding on a Growth Strategy”
• Technology
(W17022)
• Costs
• Perfect
competition
3. Quiz on Health Topics
• Supply curve
• Class discussion
• Guest Speaker
Topic:
Market
structure:
beyond
1. Hicks: Ch-9
perfect competition
Contents:
•
•
Monopoly
Collusion
•
•
5
Monopolistic
competition
Guest Speaker
Topic:
Finding
partial Equilibrium
a
1. Hicks: Ch-8
2. Darden Case Study by: Peter Debaere on “Supply,
Demand and Equilibrium: The Algebra” (UV0850)
Contents:
2. Presentation on Case
Crossing
of
supply
and
demand
• Case discussion
Topic:
General 1. http://econ.lse.ac.uk/staff/tbesley/papers/welfpub.pdf
Equilibrium
2. Presentation on Team Topics
Contents:
•
6
Welfare
theory
and theorems
• Public choice
• Team
presentation and
Discussion
Topic: Market Failures 1. Hicks: Ch-10
for public goods
•
7
Contents:
8
• Market failure
• Class discussion
Topic: Market Failures 1. Hicks: Ch-10
due to asymmetric
2. Stanford Case Report: By James Phills, Lyn Denend
information
on “Social Entrepreneurs: Correcting Market Failures
(A)” (SI-72A)
Contents:
3. Mid Semester Examination
Market failure
Case Report and
Discussion
Topic: Health insurance 1. Hicks: Ch-10
and risk aversion
•
•
9
Contents:
•
Demand, Supply
and equilibrium in
the market for
health insurance
10
Topic:
Health
care 1. https://core.ac.uk/download/pdf/148366622.pdf
expenditure and
its
2.
determinants
https://www.who.int/health_financing/documents/report_en_
11_deter-he.pdf?ua=1
Contents:
Health
care
expenditure
• Health care and
other
determinants of
health
• Guest speaker:
Healthcare
Economics: The
GCC countries
Topic:
The 1. https://www.nber.org/papers/w7078.pdf
specificities of the
2. Discussion on Demand for Healthcare
demand for health
•
11
The theory of
human capital: the
Grossman model
across countries
Contents:
Theory
of
human capital
• Specificities of
the demand
• Group
discussion:
Demand
for
Healthcare
Topic: The role of time 1. “A Refresher on Price Elasticity” by Amy Gallo, HBR,
and
co-payment. 2005.
Price-elasticity of the 2. Ivey Case Discussion: “Khao Yai Winery: An
demand for health
Economic Perspective” By Jordan A. French
(W17106)
care.
3. Kellogg Case Study: “Pepita Disco PPM: Margins and
Contents:
Elasticity” by Julie Hennessy, Evan Meagher (KEL
692)
• Co-payment
• Price elasticity
2. Quiz on Health Topics
• Exercise
• Case Report and
•
12
Discussion
13
Topic: The
relationship
healthcare
agency 1. Hicks: Ch-7
in
Contents:
Agency
relationship
• Exercise and
discussion
• Team
Presentation and
Discussion
Topic:
Financing 1. Hicks: Ch-14 & 15
health care providers.
•
14
The effects of
different
reimbursement
systems
for
providers and
professionals
Contents:
Reimbursement
systems
• Exercise and
group discussion
• Financial
Healthcare
Providers
Topic: The production 1. Hicks: Ch-5
and cost functions of
health
care.
The
hospital as a firm
•
15
Contents:
•
•
Production and
cost functions of
healthcare
Group discussion
7
Methods and dates of examinations and other student assessments including the
relative weight of various assessment elements in determining the course grade:
Formative Assessment:
This is a continuous process carried throughout the period of study and consists of weekly or
end of unit quizzes, tutorials, interactive computer-based tests, and / or feedback during small
group discussions.
Summative Assessment:
Relative Weight of Assessment
Continuous Assessment Elements
Elements
Class tests
25%
Individual Short Case Report
25%
Mid Semester Examination
20%
Final
6
End Semester Examination
30%
100%
Information on out-of-class assignments
Questions will focus on the following topics
Case Report
1
Factors in Agents Decision
Assessment Elements
Class Tests
Week 3 & 12
Dates
Individual Short Case Report
Week 5
Mid-Semester Examination
Week 8
End-Semester Examination
Week 15
Course Requirements
Sl. Description
No.
Numbers
1.
Class Tests
2
2.
Individual Short Case Report
1
3.
Mid-Semester Examination
1
4.
End-Semester Examination
1
Grading:
Classification
Pass
Fail
Marks Scored
(Percentage)
90-100
85-89
80-84
75-79
70-74
65-69
60-64
<60
Grade
A
B+
B
C+
C
D+
D
F
Grade Value
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0
Incomplete work Policy:
All course work must be completed on or before due dates of submission. Late submission will be
accepted only until the end of the 15th week of the semester on approval by the course faculty.
Attendance Policy:
Attendance for all the academic sessions is compulsory and students with shortage of attendance
will not be allowed to appear for the End Semester / Professional examinations. If the attendance
is less than 80% in any of the course the grade F (Fail) shall be entered in the transcript.
Student Academic Dishonesty Policy: A student must not use or attempt to use unauthorized
assistance, materials, information, or study aids in any academic exercise, including, but not
limited to external assistance in professional or any “in course” examination; this prohibition shall
include:
• Use of books, notes, mobiles, students’ crosstalk, etc.
• Use of another person as a substitute in the examination
• Stealing examination materials or other source material
• Use of any unauthorized assistance in a laboratory, or in fieldwork
• Altering the marks awarded in anyway.
• Claiming as his/her own, work done by others, or completed in collaboration with others
Plagiarism Policy: A student shall not adopt or reproduce ideas, words, or statements of another
person without appropriate acknowledgement.
Rubrics of Assessment Elements
Sl. Description
No.
As follows
1. Class Tests (25%)
Rubrics
No.
Type
No. of
Questions
Marks per Question
Max. Mark
Weightage
Class
test 1
MCQ
15
1
15
10%
Class
test 2
MCQ
20
1
20
15%
Total Score 25
2. Individual Short Case Report (25%)
Case report covers specific topics discussed in the course. It includes submission in the form of
a case write-up (600 words).
Grading Rubric for Case Studies
Criteria
Scaled Score:
Weight
Clear explanation of key
issues
• The problems, scope, and
seriousness was clearly
identified in the discussions
of cases.
• There was a well-focused
diagnosis of key issues and
problems that demonstrated
a good grasp of the present
situation
• Effective concise
executive summary
15%
Valid arguments;
identification of relevant
facts with supportive detail
• Logically organized, key
points, key arguments,
and important criteria for
evaluating key facts were
easily identified
• Critical issues and key
problems that supported
the Case Analysis were
identified and clearly
analyzed and supported.
20%
0/1
Below Standard
Shows little
understanding of
the issues, key
problems, and
the entity’s
present situation
and critical
issues.
Executive
summary
missing or
poorly
constructed.
Critical issues
and key problems
that supported
the Case
Analysis were
poorly identified,
analyzed, and
supported.
2
Approaching
Standard
Shows some
understanding of
the issues, key
problems, and
the entity’s
present situation
and critical
issues.
Executive
summary
inadequate.
Critical issues and
key problems that
supported the
Case Analysis
were not clearly
identified,
analyzed, and
supported.
3
At Standard
Shows adequate
knowledge of
the issues, key
problems, and
the entity’s
present situation
and critical
issues.
Executive
summary
adequate.
Critical issues
and key problems
that supported
the Case
Analysis were
partially
identified,
analyzed, and
supported.
4
Exceeds
Standard
Shows superior
knowledge of the
issues, key
problems, and
the entity’s
present situation
and critical
issues.
Effective
Executive
Summary.
Critical issues and
key problems that
supported the
Case Analysis
were clearly
identified,
analyzed, and
supported.
Appropriate analysis,
evaluation, synthesis for
the specific entity’s
environment identified
• There was complete data
on which to base a
thorough analysis
• Key change drivers
underlying the issues
were identified.
• Synthesis, analysis, and
evaluations were clearly
presented and supported
in a literate and effective
manner.
40%
Analysis of key
change drivers
and the
underlying the
issues
inadequate.
Analysis of key
change drivers and
the underlying the
issues were not
identified.
Analysis of key
change drivers
and the
underlying the
issues were
partially
identified.
Analysis of key
change drivers
and the
underlying the
issues were
clearly identified.
Conclusions and
recommendations are
congruent with case
analysis
• Specific
recommendations and/or
plans of action provided.
• Specific data or facts
were referred to when
necessary to support the
analysis and conclusions.
• Recommendations and
conclusions were
presented and supported
in a literate and effective
manner.
25%
Effective
recommendations
and/or plans of
action not
provided.
Specific data or
facts necessary to
support the
analysis and
conclusions was
not provided.
Effective
recommendations
and/or plans of
action
inadequate.
Specific data or
facts were not
referred when
necessary to
support the
analysis and
conclusions.
Effective
recommendations
and/or plans of
action were
partially provided.
Specific data or
facts were
occasionally
referred when
necessary to
support the
analysis and
conclusions.
Effective
recommendation,
solutions, and/or
plans of action
were provided.
Specific data or
facts were
referred when
necessary to
support the
analysis and
conclusions.
Adapted from:http://www.aur.edu/wp-content/uploads/2010/12/University-Writing-Rubric-Approved-byCurriculum-Committee-Feb-2010.doc
3. Mid Semester Examination (20%)
Type of Question
Multiple Choice
Questions (MCQ)
Rubric
•
•
•
•
No of MCQ
30
All the 30 questions carry equal
marks.
Full 1 mark for the correct answer.
Zero mark for the wrong answer
There will be no negative marks
for incorrect answers.
Marks Out of 30
Time allotted
•
A maximum time of 45
minutes for completing
30 questions.
Marks converted to 20
4. End Semester Examination (30%)
Type of Question
Multiple Choice Questions
(MCQ)
Rubric
•
•
•
•
No of MCQ
All the 60 questions
carry equal marks.
Full 1 mark for the
correct answer.
Zero mark for the
wrong answer
There will be no
negative marks for
incorrect answers.
Marks out of 60
Time allotted
•
A maximum time of 90
minutes for completing 60
questions
Marks Converted to 30
60
8
1.
2.
9
Teaching and learning methodologies, including any use of online instruction:
Lecture
Case report and discussion
Course texts, recommended readings, instructional material and learning
resources:
Course Texts:
th
1. Hicks L, Economics of Health and Medical Care, 6 Edition. Jones & Bartlett
Learning; 2012. ISBN-13: 978-144-9665-395
Recommended Readings:
Folland S, Goodman AC and Stano M. The economics of health and health care, 7th
1.
edition, Prentice-Hall; 2012. ISBN-13: 978-013-2773-690.