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Health Economics 481: Fall 2016 Course Information, Schemes and Mind Maps of Economics

Information about economics 481: health economics, taught by professor vivian ho during the fall 2016 semester. Course prerequisites, objectives, materials, format, and requirements. Students will need a solid foundation in microeconomic theory and regression analysis to succeed in this class. The course applies economic concepts to issues in the health care sector, covering topics such as demand for health, socioeconomic disparities, labor market for physicians, hospital industry, insurance, adverse selection, moral hazard, market structure, pharmaceuticals, technology, medicare, medicaid, and externalities.

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Economics 481
Health Economics
Fall 2016
Instructor: Professor Vivian Ho
Office: Room 244, Baker Hall
Office Phone: 348-2195
Office Fax: 348-5278
Office Hours: by appointment
Email: vho@rice.edu
Course Prerequisites
Econ 301 and one of the following: Econ 400/409, or Econ 446/309, or Stat 400. Students
will need a firm understanding of microeconomic theory and regression analysis in order to
follow the lecture materials in this class.
Students with Disabilities
Any student with a documented disability needing academic adjustments or accommodations
is requested to speak with me during the first two weeks of class. All discussions will remain as
confidential as possible. Students with disabilities should also contact Disabled Support Services
in the Allen Center.
Course Objectives
Health economics applies the tools of economics to issues of the organization, delivery, and
financing of health care. The objectives of this course are to: (1) develop an understanding of the
relevance of economic concepts to the health care sector, (2) to describe the system of health
care financing and delivery arrangements in the health care sector, and (3) to impart an
understanding of the role of economic factors in the development of public policy concerning
health and health care.
Course Materials
1. Textbook: Health Economics, 1st edition. By Jay Bhattacharya, Timothy Hyde and Peter
Tu, 2014.
2. Understanding Obamacare, Politico’s Guide to the Affordable Care Act
http://www.politico.com/obamacare-guide
3. David Blumenthal, M.D., M.P.P., Melinda Abrams, M.S., and Rachel Nuzum, M.P.H.
The Affordable Care Act at 5 years, N Engl J Med 2015; 372:2451-2458.
http://www.nejm.org/doi/full/10.1056/NEJMhpr1503614#t=article
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Economics 481

Health Economics

Fall 2016

Instructor: Professor Vivian Ho Office: Room 244, Baker Hall Office Phone: 348- Office Fax: 348- Office Hours: by appointment Email: vho@rice.edu

Course Prerequisites

Econ 301 and one of the following: Econ 400/409, or Econ 446/309, or Stat 400. Students will need a firm understanding of microeconomic theory and regression analysis in order to follow the lecture materials in this class.

Students with Disabilities

Any student with a documented disability needing academic adjustments or accommodations is requested to speak with me during the first two weeks of class. All discussions will remain as confidential as possible. Students with disabilities should also contact Disabled Support Services in the Allen Center.

Course Objectives

Health economics applies the tools of economics to issues of the organization, delivery, and financing of health care. The objectives of this course are to: (1) develop an understanding of the relevance of economic concepts to the health care sector, (2) to describe the system of health care financing and delivery arrangements in the health care sector, and (3) to impart an understanding of the role of economic factors in the development of public policy concerning health and health care.

Course Materials

  1. Textbook: Health Economics , 1st^ edition. By Jay Bhattacharya, Timothy Hyde and Peter Tu, 2014.
  2. Understanding Obamacare, Politico’s Guide to the Affordable Care Act http://www.politico.com/obamacare-guide
  3. David Blumenthal, M.D., M.P.P., Melinda Abrams, M.S., and Rachel Nuzum, M.P.H. The Affordable Care Act at 5 years, N Engl J Med 2015; 372:2451-2458. http://www.nejm.org/doi/full/10.1056/NEJMhpr1503614#t=article
  1. Powerpoint lecture notes, downloadable from Canvas.
  2. Case Studies: to be purchased online by the student.

In order to avoid the costs of purchasing a course packet, I will be placing copies of all Powerpoint lecture note slides on Canvas for you to download and print at your convenience. Powerpoint slides for each lecture will be available at least 24 hours before the lecture.

Some advice on printing: You may wish to print out multiple slides per page and pure black and white, versus color slides.

Class Format and Requirements

Format : Read the assignment before class, and come prepared to discuss either your questions about the reading or your applications of the ideas introduced here. We will occasionally discuss practice problems related to the reading in class.

Grading :

Homework 10% Midterm 25% TUESDAY September 27, in class. Paper 15% Class presentation 10% Class participation 10% Final exam 30% during finals week, date/time scheduled by registrar's office.

Numerical scores will be translated into letter grades as follows: A+ (100-97%), A (96-93%), A- (93-90%), B+ (90-87%), and so on.

Homework : There will be 3 homework assignments which are due in the first half of the semester. Students are permitted to work together on the homework assignments, but each student must formulate responses to each question with their own wording. In cases where homework is to be submitted online, it is the student’s responsibility to verify that the completed homework is uploaded successfully.

Paper : 25% of your grade will be based on a team project. Each team will select a health care company, and describe how the competitive strategy of that firm has been affected by changing market forces and government intervention in recent years. You may use material from class, journal articles, magazine and newspaper articles, and the internet to support your argument. Teams will consist of 3-4 students, and each team is expected to submit one paper with a maximum of 12 pages of text, double spaced and typed.

Class Presentation : Each team will present their analysis to the class at the end of the semester. Presentations will be 20 minutes in length.

Class Participation: You are expected to come to every class. You may miss three classes without your attendance score being affected. S cheduled job interviews and other organized activities (other than sports competitions excused through Rice athletics) are NOT an excuse for missing class or exams.