Course: ECON 355. Health Economics (3)
Prerequisites: ECON 160 and ECON 161; Grade of a “C” or better in MATH 103 or MATH 150A or MATH 255A. This class uses economic theory to analyze problems created by the complexities of healthcare markets. These problems include the widespread use of insurance, the important role of asymmetric information, the extent of government involvement, the role of nonprofit hospitals as sellers of healthcare and the nature of restrictions placed on competition. Additionally, the course provides background on hospital costs, labor shortages, public health concerns and international comparisons of health insurance systems.