Objectives
This course addresses the economic and financing aspects of the production, distribution, and organisation of health care services and delivery. This includes the structure of health care delivery and insurance markets, demand for and supply of health services, pricing of services, cost of care, financing mechanisms, and their impact on the relevant markets. A special emphasis will be given to market failures and the role of government in the market for health services. Through textbook readings and discussions of seminal articles and more recent empirical applications in health economics, students will learn the economic way of thinking. They will be given the opportunity to showcase these skills through a series of research papers written throughout the semester that will culminate with a final manuscript that provides an in-depth analysis of a critical health issue.Upon completion of the course, the participants will:1. Be able to discuss the approaches and viewpoints that economists bring to the health field.2. Recite evidence from seminal articles in health economics.3. Discuss some of the most important economic issues and problems faced by the health sector, & of the extent to which economic analysis can assist in their solutions.4. Examine critically how economics can be used to influence policy for critical health issues facing Singapore today.