MBA 641 Economics of Health Care and Policy
Prerequisite: ECON 201, ECON 202 or equivalent and MBA 511
This course applies basic economic concepts to analyze the health care market and evaluate health policies.  The course begins with an analysis of the demand for health, the derived demand for medical care and the demand for health insurance.  The second part of the course examines the supply of medical care by physicians and hospitals, medical technology, and the role of managed care organizations.  The implication of adverse selection, moral hazard, externalities, and asymmetric information will be explored.  The third part of the course examines the rationale for government intervention in medical markets as well as the effectiveness and efficiency of various health policies, including: Medicare, Medicaid, price regulation of hospitals, physician payment reform, medical