Headline Competence (learning outcome):

• Define health economics and the key vocabulary used in this discipline.
• Analyze the applicability of economic principles to health and healthcare.
• Critically evaluate the distinctive properties of healthcare that differentiate it from other goods and services.
• Describe how health economics can help decide how health care resources should be allocated.

Assessment Criteria: 

• Understand what health economics is and what it is used for. 
• Understand the key vocabulary used in health economics.
• Relate the following issues to the setting in which you work:
• Relevance of health economics to health care, the expansion of the health care sector.                                      
• Does economics apply to health and health care?                                                                                        
• Is health care different from other markets?                                                                                                 
• How does health economics help you think about how health care resources should be allocated? 
• What objectives should we set in determining priorities for allocation?

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