ECON
bybdh
ch01.pptGetzen’s Health Economics & Financing, 5th Edition
Copyright © John Wiley & Sons, Inc.
Chapter 1: Choices: Money, Medicine, & Health
QUESTIONS
Who pays when you skip a workout to watch television?
Is health scarce?
Do some people pay more (or less) than their fair share?
Does everyone get the same kind of care?
Who decides: the patient, the doctor, the hospital, or the government?
QUESTIONS cont.
Who is made better off: the surgeon or the patient?
Why does health care cost so much?
Are there futures contracts in health care?
Why is health care bought and sold differently from other goods and services?
1.1 WHAT IS ECONOMICS?
- Fundamental Theorem of Exchange
- Terms of Trade
- Value
1.1 WHAT IS ECONOMICS? cont.
- Can We Pay Somebody to Care?
- Financing Health Care
- Full Cost: Paying For Medical Care
1.2 THE FLOW OF FUNDS
- Health Care Spending in the United States
- Sources of Financing
- Health Care Providers: The Uses of Funds
1.3 ECONOMIC PRINCIPLES AS CONCEPTUAL TOOLS
- Scarcity (Budget Constraints)
- Opportunity Cost
- Willingness to Pay
- Trade
- Money Flows in a Circle
1.3 ECONOMIC PRINCIPLES AS CONCEPTUAL TOOLS cont.
- The Margin: What Matters?
- Maximization: Marginal Costs and Marginal Benefits
- Choice: Are Benefits Greater than Costs?
1.3 ECONOMIC PRINCIPLES AS CONCEPTUAL TOOLS cont.
- Investment
- Contracts: Complex Exchanges to Deal with Timing and Risk
- Organizations Adapt and Evolve
- Distribution: Who Gets What
1.4 HEALTH DISPARITIES
1.5 WHOSE CHOICES: PERSONAL, GROUP, OR PUBLIC?
- Do you choose to smoke? Personal and collective decisions
1.6 SOCIAL SCIENCE AND RATIONAL CHOICE THEORY
Copyright 2013 John Wiley & Sons, Inc.
