Fall 2023

Health Economics and Policy

Listed in: Economics, as ECON-214


Jessica Wolpaw Reyes (Section 01)


Health care poses many pressing questions: Why do we spend so much on health care? Does this spending actually produce better health? How do health care institutions function? What is the appropriate role of government? How are we to judge the efficiency and equity of health care policy? By applying economic analysis to health, health care, and health care markets, health economics provides insight into these questions. In the first section of this course, we will assess the role of health care in the economy and apply economic models to the production of health and health care. In the second section of the course, we will study the structure of health care markets and the roles of key institutions. In the third section of the course, we will investigate the role of government and use our acquired knowledge to understand and evaluate health care policy and reform. Throughout this analysis, we will pay careful attention to the nature of health care markets, the anatomy of market failures, and the implications for public policy. Empirical results, current issues, and public policies will be discussed throughout the course. In addition to assignments that ask students to engage technical problems and conduct economic analyses, students will be asked to write analytical papers and participate actively in the discussion of current economic research and public policy.

Requisite: ECON 111/111E. Recommended: any one of Microeconomics (ECON 300/301), Econometrics (ECON 360/361), or Statistics (MATH 130). Limited to 30 students. Fall semester. Professor Reyes.

How to handle overenrollment: Students may be asked to describe their academic background and interest in the course. The class will be selected to achieve a group with diverse academic backgrounds and interests. Some preference will be given to economics majors.

Students who enroll in this course will likely encounter and be expected to engage in the following intellectual skills, modes of learning, and assessment: Modes of learning and assessment include readings, lectures, problem solving, in-class exams, independent research and writing, graphical analysis, group discussion.

Cost: $100 ?

ECON 214 - LEC

Section 01
Tu 11:30 AM - 12:50 PM BEBU 107
Th 11:30 AM - 12:50 PM BEBU 107

This is preliminary information about books for this course. Please contact your instructor or the Academic Coordinator for the department, before attempting to purchase these books.

ISBN Title Publisher Author(s) Comment Book Store Price
Health Economics MacMillan (2014) Battacharya, Hyde, Tu TBD


2024-25: Not offered
Other years: Offered in Spring 2012, Spring 2013, Spring 2014, Spring 2015, Fall 2017, Spring 2019, Fall 2020, Fall 2023