PAM 6410 Health Economics I
Comprehensive course covering micro-economic theory and its application to health and health care markets. Topics include consumer decision making, the theory of the firm, welfare economics, monopolies and oligopolies, and market imperfections. Applications in health economics include the demand for health, rational addiction, the industrial organization of health care, cost-effectiveness analysis, price discrimination by health care providers, how consumers respond to information about health care, adverse selection in health insurance, and the moral hazard created by physician compensation strategies. Each student writes a research paper, testing predictions from microeconomic theory by acquiring suitable data and estimating the appropriate econometric model, and presents his or her findings in a research seminar.
PAM 6420 Health Economics II
Covers microeconomic theory and its applications to health and health care markets. Topics include consumer demand for health and health behaviors, the supply side of health promotion, the industrial organization of health care, and cost-benefit and cost-effectiveness analysis of health interventions. Second course in Ph.D.-level health economics sequence, but the courses may be taken in any order.
Undergraduate sequence in risky health behaviors:
PAM 4280 Economics of Risky Health Behaviors
Risky health behaviors such as cigarette smoking, drinking alcohol, risky sex, and poor diet and physical inactivity (leading to obesity) are responsible for hundreds of thousands of preventable deaths and impose billions of dollars in medical care costs each year in the United States. This course teaches the economic approach to studying risky health behaviors. The economic research literature on the causes and consequences of risky health behaviors will be studied in detail. Students will analyze data and present their findings; intermediate microeconomics and regression analysis are prerequisites. This course can be taken alone or as part of a two-course sequence with PAM/ECON 4380: The Economics of Public Health.
PAM 4380 Economics of Public Health
Uses the economic approach to study public health policies. Public health policies focus on tobacco, obesity, alcohol, illicit drugs, gun violence, sexually transmitted diseases, and other major causes of death and disease. Students apply the concepts of market failures and the principles of cost-benefit analysis to public health problems. Students examine how private sector advertising and public information campaigns, taxation, regulation, prohibition, and litigation affect public health. The course also examines policies to address health disparities related to socioeconomic status.