Examines applications of microeconomic principles to the U.S. health care system. Topics include demand for medical care, insurance theory and selection issues, provider payment, competition in health care markets, the health care workforce, pharmaceutical prices and innovation, health care spending growth, quality of care, externalities, the relationship between income and health, and the economics of the opioid epidemic. Prerequisite: an introductory economics or microeconomic theory course – or permission of the instructor.
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