HP4A4E      Half Unit
Health Economics

This information is for the 2019/20 session.

Teacher responsible

Prof Alistair Mcguire COW4.05


This course is compulsory on the MSc in Health Economics, Policy and Management. This course is not available as an outside option.

Course content

Distinction between health and health care. Nature of health care as an economic commodity. How markets and insurance markets work, and how they can fail for health care and health insurance.. Incentive mechanisms and principal-agent relationships in health care. Yardstick competition and Diagnostic Related Group payment schemes. Labour markets in health care. Economic evaluation as a regulatory tool.


12 hours of lectures and 10 hours of seminars in the MT.

Formative coursework

1,500 word essay forms the basis of formative review

Indicative reading

The following is a basic reading list for the course: S Folland, A C Goodman & M Stano, The Economics of Health and Health Care (3rd edn), Prentice Hall, 2001; B McPake, L Kumaranayake & C Normand, Health Economics - An International Perspective, Routledge, 2002.

Students will be given access to essential readings before the course begins through the pre-sessional reading programme on Moodle, which they will be expected to read prior to the first day of class.


Take home exam (100%) in the ST.

Key facts

Department: Health Policy

Total students 2018/19: 1

Average class size 2018/19: Unavailable

Controlled access 2018/19: No

Value: Half Unit

Guidelines for interpreting course guide information