Prof Alistair Mcguire COW4.05

This course is compulsory on the Executive MSc in Health Economics, Policy and Management. This course is not available as an outside option.

Distinction between health and health care. Nature of health care as an economic commodity. How markets and insurance markets work, and how they can fail for health care and health insurance.. Incentive mechanisms and principal-agent relationships in health care. Yardstick competition and Diagnostic Related Group payment schemes. Labour markets in health care. Economic evaluation as a regulatory tool.

12 hours of lectures and 10 hours of seminars in the MT.

1,500 word essay forms the basis of formative review

The following is a basic reading list for the course: S Folland, A C Goodman & M Stano, The Economics of Health and Health Care (3rd edn), Prentice Hall, 2001; B McPake, L Kumaranayake & C Normand, Health Economics - An International Perspective, Routledge, 2002.

Students will be given access to essential readings before the course begins through the pre-sessional reading programme on Moodle, which they will be expected to read prior to the first day of class.

Take home exam (100%) in the ST.