EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN: 9781337668279
Author: Henderson
Publisher: YUZU
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Chapter 4, Problem 11QAP
To determine
To describe the three types of appraisal that enter into medical economics. To ascertain the exclusive features, strengths, and weaknesses of various types of evaluation in the field of medical economics.
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What is the difference, if any, between “Pharmacoeconomics” and “Health Economics”? Explain how microeconomics and macroeconomics are relevant to this field of study and support your answer with plausible examples. Based on your answer, illustrate why studying Pharmacoeconomics has become inevitable and remarkably essential in healthcare provision nowadays.
Show how a consumer would choose between medical care and health(y) behavior activities using the graphical representation of the consumer choice model (assume that “amounts” of healthy behavior have “costs” or prices). How might health education affect this choice? What if medical care becomes more productive (more health benefit per “unit” of medical care consumed)? What if medical care becomes cheaper? Explain in terms of the model (i.e. what does it change in the model).
Provide at least five determinants of health at an economic perspective and provide a brief explanation of each determinant.
Chapter 4 Solutions
EBK HEALTH ECONOMICS AND POLICY
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