Economics and Finance(English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | FNCE424 | ||||||||
Course Name: | Health Economics | ||||||||
Course Semester: | Spring | ||||||||
Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Department Elective | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. FATMA ÇİĞDEM ÇELİK | ||||||||
Course Lecturer(s): | |||||||||
Course Assistants: |
Course Objectives: | • Understand microeconomic theory on healthcare and health • Understand how health insurance impacts the demand for healthcare and its prices • Understand the government’s role in healthcare markets and health and assess its performance |
Course Content: | Health production function; Demand for health; Grossman Model; Measurement of health capital; Decision under uncertainty; Demand for healthcare services; Empirical studies of demand; Demand for private insurance; Adverse selection; Market for physician services; Hospital behavior; Market failure; Market structure in healthcare; Healthcare systems; Cost-effectiveness analysis; Cost-benefit analysis |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | What is health economics | |
2) | Demand for healthcare | |
3) | Demand for health: The Grossman Model | |
4) | Socioeconomic disparities in health | |
5) | The labor market for physicians | |
6) | The hospital industry | |
7) | Demand for insurance | |
8) | Adverse selection: Akerlof’s market for lemons | |
9) | Adverse selection: The Rothschild-Stiglitz Model | |
10) | Adverse selection in real markets | |
11) | Moral Hazard | |
12) | Technology and the price of healthcare | |
13) | Health technology assessment | |
14) | Health Policy: the Beveridge Model | |
15) | Health Policy: the Bismarck Model |
Course Notes / Textbooks: | Bhattacharya, J., Hyde, T. Tu, P. (2013) Health Economics, Red Globe Press |
References: | Bhattacharya, J., Hyde, T. Tu, P. (2013) Health Economics, Red Globe Press |
Learning Outcomes | 1 |
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Program Outcomes | ||||||||
1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | ||||||||
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate. | ||||||||
4) Recognise the basic principles and regulations in the financial sector. | ||||||||
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | ||||||||
6) Recognise, interpret and discuss the current economic issues both at the national and global levels. | ||||||||
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | ||||||||
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | 3 |
2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | 4 |
3) | Explain the evolution of financial markets and institutions in a historical context and define how they operate. | 3 |
4) | Recognise the basic principles and regulations in the financial sector. | 4 |
5) | Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | 3 |
6) | Recognise, interpret and discuss the current economic issues both at the national and global levels. | 3 |
7) | Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | 3 |
8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | 3 |
9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | 1 |
Peer Review | |
Expression | |
Brainstorming/ Six tihnking hats | |
Individual study and homework | |
Lesson |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Oral Examination | |
Group project | |
Presentation |
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 |
Activities | Number of Activities | Duration (Hours) | Workload |
Midterms | 40 | 0 | 0 |
Final | 60 | 0 | 0 |
Total Workload | 0 |