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Health Economics and Health Care Management

Course Instructor: Lecturer Athina Economou, ECTS credits: 5

Course Description

This course provides an introduction to the theory and practice of Health Economics. The course will introduce students to the key concepts that health economists use to analyze health care markets. Indicative topics that will be discussed during lectures are: healthcare as a commodity, the demand and supply for health and medical care services, productivity and economic efficiency in health care, the determinants of health and health inequalities, the functioning of insurance markets and the pharmaceutical industry, economic evaluation in health care programmes and health care policies. Students enrolled should be familiar with microeconomics and econometrics basic principles and applications.


Learning Objectives

The main goal of this course is to acquaint students with traditional topics in health economics in an advanced level. By the end of the course, students should be able to demonstrate a theoretical understanding of various economic issues pertaining to the health care industry and to critically discuss the consequences of government regulation and market competition on the operation and performance of the health care industry.



Cuyler, A.J. & Newhouse, J.P., 2000. Handbook of Health Economics, Volumes 1A and 1B, (eds.) North-Holland, Elsevier Science.

Folland, S., Goodman, A. & Stano, M., 2004. The Economics of Health and Health Care, (eds.) Pearson Prentice Hall, New Jersey.

Phelps, C., 2010. Health Economics, (eds.) Pearson Prentice Hall, New Jersey.

Rice, T., 2006. The Economics of Health Reconsidered (eds.) Health Administration Press, USA.

Drummond, H., O’ Brien, B.J., Stoddart, G.L. & Torrance, G.W., 2005. Methods for the Economic Evaluation of Health Care Programmes, (eds.) Oxford University Press.

Additional study material (research papers, books) will be recommended to students during lectures.


  • 30%: Referee report (maximum 4 pages)

  • 70%: Final written exams

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