Mar 28, 2024  
2018-2019 Undergraduate Academic Catalog 
    
2018-2019 Undergraduate Academic Catalog [ARCHIVED CATALOG]

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BA 2225 - Healthcare Economics

3 lecture hours 0 lab hours 3 credits
Course Description
This course provides an introduction to the central concepts of microeconomic and macroeconomic analysis and decision-making. Topics included in this course explore the fundamental framework of allocation resources recognizing scarcity of resources and time. This course examines cases set within healthcare both within an organization and connected with the national economy set within a global marketplace. Fundamental concepts include: demand and supply, elasticity and marginalism, inflation, unemployment, business cycles, role of government. These concepts are then used to explain and analyze market structures, including perfect competition and monopoly. Other topics may include analysis of labor markets, property rights and international economics. (prereq: none)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
  • Learn the basic theories and techniques of microeconomics, such as marginal analysis, graphing, and their applications
  • Understand marginal decision rules in both consumer and producer theory and study how people choose to lead their lives and how they interact with one another
  • Identify the four market structures and explain their expected conduct and performance. Apply economic theory to problems involving positive and negative externalities, social, and global issues
  • Demonstrate an understanding, usage, and application of basic macroeconomic concepts and principles
  • Analyze the role of government and the effect of regulation on the healthcare section as described by economics
  • Apply the principles of fiscal and monetary policy as it impacts healthcare administration at the organization and marketplace levels

Prerequisites by Topic
  • None

Course Topics
  • Fundamentals of economics as an academic discipline
  • Links with the fundamental principles from healthcare, sociology, history, psychology, ethics, and the regulatory environment
  • Supply and demand; production possibilities and opportunity costs
  • Elasticity, marginal utility, consumer choice
  • Business ownership
  • Market structure
  • Monopoly, monopolistic competition and perfect competition
  • Oligopoly
  • Antitrust and regulation
  • Externalities and the theory of public choice
  • International healthcare and public policy
  • Economic, legal and ethical principles

Coordinator
Katie McCarthy



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