Course11010409550 lectures
Economics of Health and Health Care
Prof. Angan Sengupta · IIT Kanpur
About
When I was doing my doctoral research in the area of Health Eonomics several people asked me that What does this Economics in Healthcare mean?” Health economics or Economics of Healthcare is a discipline of economics which is concerned with the association between health status and the related resources assessing the value, behavior, efficiency and effectiveness of various stakeholders in the production and consumption of healthcare. Pertaining to several factors Health Economics has not been studied well in India or in many other developing countries, unike the developed economies.
Learning Objectives:
To provide the students a broad understanding about the fundamental economic concepts in the area of health, health care and health policy.
To equip students with economic theories and logics in order to analyze the behavior of different economics agents at the individual, household, community and institutional (government and non-governmental) levels within the healthcare market frameworks.
To help them to build rationale and strategies based on the economic valuation of healthcare system and the measurement of efficiency level.
To learn about the shortcomings of a lowly developed economy to attain best health status and the health and development nexus.
To understand the healthcare financing mechanism and its evolution.
Intended audience: Post-graduate students
Lectures
Week 1:Introduction,Consumer Behaviour, Demand and Supply
- Lecture 1: Introduction to Health Economics
- Lecture 2: Health Economics Map and Health Expenditure
- Lecture 3: Utility
- Lecture 4: Indifference Curve
- Lecture 5: Budget Line
- Lecture 6: Theory of Demand
- Lecture 7: Theory of Supply
WEEK 2: Elasticities of Demand and Supply and Theories of Production.
- Lecture 8: Price Elasticity of Demand
- Lecture 9: Income Elasticity of Demand and Price Elasticity of Supply
- Lecture 10: Production Function
- Lecture 11: Relationship between AP, MP and TP and Law of Diminishing Marginal Returns
- Lecture 12: Long Run Production Function and Isoquant
- Lecture 13: Returns to Scale
- Lecture 14: Iso-Cost Curve and Co-Production
WEEK 3: Theories of Cost and Grossman’s Demand for Healthcare
- Lecture 15: Introduction to Cost Theory
- Lecture 16: Break-Even Point and Long Run Cost Curve
- Lecture 17: Cost-Volume-Profit Analysis
- Lecture 18: Costing in a Hospital System
- Lecture 19: Choice in Healthcare
- Lecture 20: Measurements based on Choices
- Lecture 21: Grossman's Demand Model
WEEK 4: Market Imperfections, Healthcare Financing
- Lecture 22: Market Structures and Perfect Competition
- Lecture 23: Market Imperfection
- Lecture 24: Ideal Healthcare Market Conditions
- Lecture 25: Imperfection in Healthcare Markets
- Lecture 26: Building Blocks of Health Systems and Health Financing
- Lecture 27: Mechanisms of Health Financing
WEEK 5: Health Insurance
- Lecture 28: Introduction to health insurance.
- Lecture 29: Important concepts of health insurance:
- Lecture 30: Strategies for Private Health Insurance companies
- Lecture 31: Types of health insurance and Death Spiral.
- Lecture 32: Third Party Administrator.
- Lecture 33: Managed Care Organizations
- Lecture 34: Reinsurance
- Lecture 35: Underwriting
WEEK 6:Impact Evaluation, Social Determinants of Health
- Lecture 36:What is Economic Evaluation?
- Lecture 37: Cost Minimization Analysis and Cost Effectiveness Analysis
- Lecture 38:Cost-utility Analysis
- Lecture 39:Cost-Benefit Analysis
WEEK 7:Economic Externalities, Public and Private Goods
- Lecture 40:Types of Goods- Excludability and Rivalry in Consumption
- Lecture 41:Public Goods, Common Resources and decision making based on Cost-Benefit Analysis
- Lecture 42:Tragedy of Commons and Evaluation Framework
- Lecture 43:Fundamental concepts of economic externalities
- Lecture 44:External cost, external benefit and efficient output
Week 8: Population, Health and Development
- Lecture 45: Economics of Health and Healthcare
- Lecture 46: Development Indices
- Lecture 47: Social Determinants of Health
- Lecture 48: Fundamental Concepts and Theories Related to Population,Health & Development
- Lecture 49: Population Composition and demographic Dividend
- Lecture 50: Theories Related to Fertility,Population Growth and Socio-Economic Advancements
Syllabus and materials
At NPTEL, as the course publishes them.
Credits and licence
- Institution
- IIT Kanpur
- Department
- Management
- Teacher
- Prof. Angan Sengupta
- Level
- Graduate
- Language
- English
- Subjects
- Business and management
- Source
- NPTEL
- Licence
- CC BY-NC-SA, as NPTEL states it. Non-commercial use only. NPTEL's terms
- Attribution
- NPTEL states: "Distributed under Creative Commons Attribution-ShareAlike / CC BY - NC - SA", beside a BY-NC-SA badge.
- Who can watch
- NPTEL gives no rating. Invisible Network shows it to Teens profiles and older, judged from what the source says about it. How courses are placed