Credit

3.00   (L-T-P:   3-0-0)

Department / Center / School / Unit

Economics

Course Objectives

The objective of this course is to introduce students to the basic economic concepts related to health, health care, and health financing. After completion of the course the students shall be able to apply various economic tools for the analysing health outcomes, health care costs, and health policy in developing countries. The students opting for the course are expected to possess basic understanding of microeconomics.

Course Contents

The course shall cover the role of health in economic development, measurement and determinants of health status, health as a consumption and investment good, the concept of health production function, the demand for health and health care, estimation of the demand for health, the supply of health, public and private provisioning, health care financing, health insurance, and health policy. The focus of the course shall be on health outcomes and health care of the people in developing countries, specifically, India.

Suggested References

Arrow, KJ, “Uncertainty and the Welfare Economics of Medical Care,” American Economic Review 53, 941–973, 1963.
Bloom, David, David Canning and Jaypee Sevilla, “The Effect of Health on Economic Growth: Theory and Evidence", NBER Working Paper 8587, 2001.
Culyer AJ, Newhouse JP (eds), Handbook of Health Economics. Vol 1A and 1B. Elsevier Science, 2000.
Deaton, Angus, "Health, Inequality, and Economic Development," Journal of Economic Literature 41(1), 113-158, 2003.
Feldstein, Martin, “The Welfare Loss of Excess Health Insurance,” Journal of Political Economy 81, 251–280, 1973
Folland, Sherman, Allen C. Goodman, and Miron Stano, The Economics of Health and Health Care, Routledge, 2017.
Fuchs, Victor R., Who Shall Live? Health, Economics, and Social Choice, Expanded Edition. World Scientific, 1998.
Grossman, Michael, “On the Concept of Health Capital and the Demand for Health,” Journal of Political Economy 80, 223–255, 1972
Jack, William, Principles of Health Economics for Developing Countries, WBI Development Studies, 1999.
Musgrove, P, Health Economics in Development, The World Bank, 2004.
Pauly, Mark V, "The Economics of Moral Hazard: Comment", The American Economic Review 58(3), Part 1, 531-537, 1968.
Pauly, Mark, Thomas McGuire Pedro Barros, Handbook of Health Economics. Vol 2, Elsevier, 2011.
Phelps, CE, Health Economics, Routledge, 2016.
Strauss, John and Duncan Thomas. "Health, Nutrition, and Economic Development" Journal of Economic Literature. 36(2), 766-817, 1998.
Wagstaff, Adam, "The Demand for Health: Theory and Applications," Journal of Epidemiology and Community Health 40(1), 1-11, 1986.