Fundamentals of Health Economics

Knowledge

The course will provide you with knowledge of:

• the peculiar economic characteristics of health and health care markets
• what characterizes market failures in health care markets and what causes the failures
• the concept of production function of health || chr(38) ||amp; health care
• economic aspects behind physician agency and supplier induced demand
• key economic concepts and analysis about health care insurance markets
• risk, risk aversion and demand for health care insurance
• loading costs and the behavior of insurance firms
• moral hazard and the role of demand-side cost-sharing
• impact of health insurance on the efficient allocation of resources in the health care market
• supply-side cost sharing and managed insurance
• adverse selection, plan competition and the issue of plan renewability
• limits of health care insurance markets || chr(38) ||amp; role of the State
• how observed regulations of health care markets can be linked to particular sources of market failure

Skills

You will learn how to:

• interpret agent || chr(38) ||#39;s behaviour according to the perspective of economic rationality
• understand economic reasons leading to frailty and failure in markets for health care
• interpret public policies as addressing tradeoffs in health care allocations
• use diagrams as a tool to represent:
• demand for health, health care and health care insurance
• decisions of health care providers
• fundamental tradeoffs in health care allocation

General competence

You will be able to:

• link different policy recommendations to specific types of market failure.
• recognize the key economic tradeoffs implied in different healthcare allocation problems
• Understand economic reasons behind trends in healt

Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in StudentWeb.

International applicants, if you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures for international applicants.

The examination in this course is not available for external candidates. Only students admitted to the course may sit for the examination.

Lectures and seminars.

Access to teaching

A student who has completed compulsory instruction and coursework and has had these approved, is not entitled to repeat that instruction and coursework. A student who has been admitted to a course, but who has not completed compulsory instruction and coursework or had these approved, is entitled to repeat that instruction and coursework, depending on available capacity.

Grading

The Board at the University of Oslo has decided to introduce detailed guidelines for all examinations, which take place at the University. The description of the grading should be clear and transparent. This is done to ensure alignment between learning outcomes, assignments, and grading. The Faculty of Medicine has developed a web page with information regarding exams and the grading procedures (norwegian version).

Individual written exam.

Examination and grading at The Faculty of Medicine.

No examination support material is allowed.

For Eu-HEM students:

An EU-hem student cannot present her or himself for the examination in a course more than two times. There will be held re-sits for EU-hem students who have failed an exam or who have legitimate absence (usually illness) in January and August. If you are entitled to a re-sit you must contact the student advisor via email no longer than one week after the result of the exam has been published.

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

For students at Eu-HEM: English

For students at HEPAM: The problem set will be given in English. Answers can be given in Norwegian, Swedish, Danish or in English.

You may request an explanation of your grades, and you may also appeal against your grades or make a complaint about formal examination errors. Read more about explanations and appeals.

Evaluation

Feedback from our students is essential to us in our efforts to ensure and further improve the high quality of our programmes and courses. All courses are subject to continuous evaluation. At regular intervals we also ask students on a particular course to participate in a more comprehensive, periodic evaluation of this course.

Overlapping courses

If you have a disability or a health problem that entails significant inconvenience in an examination situation, you may be considered for special examination arrangements. Mothers who are breastfeeding may apply for extra time to complete the exam.