ECO3577 Health EconomicsBahçeşehir UniversityDegree Programs ECONOMICS AND FINANCEGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ECONOMICS AND FINANCE
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ECO3577 Health Economics Fall 3 0 3 6
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Non-Departmental Elective
Course Level: Bachelor’s Degree (First Cycle)
Mode of Delivery: Hybrid
Course Coordinator : Assoc. Prof. ÇAĞLAR YURTSEVEN
Recommended Optional Program Components: None
Course Objectives: The aim of this course is to provide basic knowledge about the fields related to health economics. Further, analysing and solving the problems encountered in the health sector from an economic point of view the other aim of the course.

Learning Outcomes

The students who have succeeded in this course;
1. Know the basic concepts and subjects of health economics,
2. Gain the ability to research the health economics literature in detail within the framework of the course content,
3. Apply the basic tools and techniques of microeconomics to the health market,
4. Learn the basic factors affecting the supply and demand of health services,
5. Evaluate the economic dimension of health policies and reforms.

Course Content

After learning basic concepts of health economics, the structure of health economics and its supply and demand will be introduced. At the same time, financing of health services, health-related policies and the role of the state will be discussed throughout the semester.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Basic Concepts and Micro Economic Tools Chapter 1, Health Economics
2) Basic Concepts and Micro Economic Tools Chapter 1, Health Economics
3) Health Economics and Statistical Methods Chapter 2, Health Economics
4) Health Economics and Statistical Methods Chapter 2, Health Economics
5) Production Function of Health Chapter 2 & 3, Health Economics
6) Demand and Price in Health Services Chapter 4, Health Economics
7) Midterm
8) Demand and Income in Health Services Chapter 4, Health Economics
9) Applications of Demand in Health Services Chapter 5, Health Economics
10) Supply and Price in Healthcare: Cost of Production Process and Efficiency Chapter 6 & 7, Health Economics
11) Supply and Price in Healthcare: Technology, Quality and Accesibility Chapter 8 & 9, Health Economics
12) Healthcare Financing Chapter 10, Health Economics
13) Health Economics and Health Policies Chapter 11, Health Economics
14) The Role of the State and the Market in Health Sector Chapter 12, Health Economics

Sources

Course Notes / Textbooks: Health Economics, Charles E. Phelps, Addison Wesley; 5th edition (2012). Pearson Press
References: Health Economics, Second Edition by Frank A. Sloan and Chee-Ruey Hsieh. The MIT Press, 2016.
The Handbook of Health Economics, Anthony J. Culyer and Joseph P. Newhouse, eds., Elsevier Science, 2000.

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
Total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Study Hours Out of Class 14 7 98
Midterms 1 3 3
Final 1 3 3
Total Workload 146

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. 3
2) Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. 2
3) Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. 1
4) Analyze the interventions of politics to the economics and vice versa. 3
5) Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. 2
6) Understand current and new economic events and how the new approaches to the economics are formed and evaluating. 2
7) Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. 3
8) Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. 2
9) Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. 2
10) Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. 3