7 Healthcare economics

Learning objectives

After reading this chapter, you will be able to:

  1. LO1 Explain the challenges of providing healthcare during a pandemic.
  2. LO2 Discuss the unique characteristics of healthcare markets.
  3. LO3 Analyze the production of health, including population health and health inputs.
  4. LO4 Examine the shape and components of health production functions, the marginal production of health, and rotations.
  5. LO5 Address the impacts of a pandemic on healthcare systems, including shortages of medical equipment and the economic viability of hospitals.
  6. LO6 Consider the importance of universal healthcare coverage during a pandemic.

Chapter outline

  • Introduction to healthcare economics
  • Characteristics of healthcare markets ...

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