ECON 230
The Economics of Health and Health Care Spring 2022
Division II

Class Details

Health, health care, and economics intersect in important ways. Health is an essential component of individual well-being and a fundamental input to a productive economy, making its production a societal priority as well as an individual one. Health care expenditures make up substantial fractions of economic activity in developed countries; in the United States health care expenditures are nearly one-fifth of the national economy, raising questions of why health care spending is so high and whether the spending effectively produces better health. At the same time, health is about more than just health care; it is driven by many other factors, from individual behavior, to market forces, to government policy. In this course we will examine the economics of health by applying microeconomic analysis to the problems of health and health care provision. The course focuses on three broad areas: the inputs to health and the demand for health care; the structure and functioning of health care markets and the roles of key institutions; and the role of public policy in furthering individual and population health. Special attention will be devoted to topics of current policy interest, including health disparities, problems of health care costs and cost containment, health insurance reform and the Affordable Care Act, the role of public health interventions, and drug development and regulation. The COVID-19 pandemic has brought many of the challenges of health and health care into sharp focus, and we will examine the pandemic as a particularly instructive case study.
The Class: Format: lecture; The class is a mixture of lecture and discussion.
Limit: 25
Expected: 25
Class#: 3453
Grading: yes pass/fail option, yes fifth course option
Requirements/Evaluation: Several short papers, participation in class discussion, and a final research project and presentation.
Prerequisites: ECON 110 and a class in statistics
Enrollment Preferences: Economics majors who need a 200-level elective, Political Economy majors, and Public Health concentrators
Distributions: Division II
Attributes: PHLH Decision-Making by Institutions + Individuals
POEC U.S. Political Economy + Public Policy Course

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