LMP 2347 Economics of Healthcare – Translational Research Program (TRP)

LMP 2347: Economics of Healthcare

Type: Module

Credit: 0.25 FCE

Overview

This is a module and counts as 0.25 FCE.

Learning outcomes

At the end of this module students will be able to:

Articulate the role that economics play in health and healthcare delivery.
Provide an example of an economic principle and how it may be used to evaluate the macroeconomic or microeconomic perspective on a health policy or specific intervention.
Demonstrate conceptually how economics influences decision-making in healthcare.

Description

“Health economics” can be defined as the application of Economic principles, theories, tools and concepts to the topics of health and healthcare in order to manage health institutions and health delivery system efficiently. Health economics studies issues related to the efficient utilization of scarce economic resources (e.g., Human resource, materials, and financial resources) to improve health. This includes both resource allocation within the economy to the health sector and within the healthcare system to different activities and individuals. The purpose of this module is to introduce students to fundamental concepts of economics as it is applied to healthcare, with an emphasis on innovation.

Enrollment

Students are required to complete eight modules (0.25 FCE each) spread out within 2 years of study. Students may enroll in modular courses using ACORN. The modular schedule will be emailed to students prior to the start of each semester. Modules offered outside of the program are also permitted such as ones offered by the Institute of Medical Science (IMS).