Healthcare and Medical Analytics - BUSI97278
Intercalated BSc Group Project - BUSI97511
All students will contribute to a group project. Typically the groups will consist of 6 students. Each group will be supervised by a School faculty member - not necessarily one who is involved in the formal teaching of the programme. The project occupies part of the spring term and the whole of the summer term, culminating in a group presentation and submission of report in May 2015.
The objectives of the different projects may vary, but are likely to include:
• an application of management techniques, principles or concepts to the analysis of a specific problem arising in some health care organisation or
• analysis of a particular health related industry or aspect of the economy or
• further development of a generalised technique or model or
• a deeper understanding and explanation of the literature relating to a pertinent area of health care management,
• experience of working in a team
Health Economics - BUSI97512
- To analyse principles of micro economics and their application to health care
- To examine issues of efficiency and equity and their application to health care
To give students an understanding of:
- The nature of the demand for health and health care
- The nature of the supply of health care
- Markets and market failures in health care
- The agency relationship and the possibility of supplier induced demand
- Reasons for caring about the health of other people
- How to evaluate a new treatment or drug
- Issues in the rationing of health care
- Demand for health care. Health and health care Demand for health. Demand and supply of health care.
- Production, Costs, and supply of health care. Production functions and frontiers. Cost Functions.
- Public intervention in health care: market failures. Competitive markets. Market failures. Public intervention in health care.
- Market failures & Government Intervention. Monopoly. Externalities. Public Goods. Doctor behaviour models: agency,target income, profit maximization, supplier induced demand.
- Market failures & Government Intervention. Asymmetric and imperfect information: adverse selection and moral hazard. Merit Goods. Equity.The principle of economic evaluation in health. Welfare Economics. Economic Foundations. Cost-benefit analysis. Cost-utility analysis. Cost-effectiveness. Measuring and Valuing Health Care Output. The viewpoint. Estimating Costs and Health Gains. Decision making.
Through the module students should develop the ability to:
- Apply the key tools of microeconomics to health care
- Comment knowledgeably from an economics perspective on health policy
- Critically appraise economic evaluations of health care technologies