Economics of Health and Education

University of Otago

Course Description

  • Course Name

    Economics of Health and Education

  • Host University

    University of Otago

  • Location

    Dunedin, New Zealand

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Prerequisites

    ECON 201 or ECON 271

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    18
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    The study of economic issues regarding the provision of, and demand for, health and education services.

    After social welfare, health and education are the largest areas of government spending in most modern economies, including New Zealand. Together, health and education account for about 13% of New Zealand's gross domestic product (GDP). This paper is about the economic analysis of the health and education sectors, with particular emphasis on government policy concerning them. Theoretical foundations and techniques of economic evaluation and decision-making are also covered (useful in a wide variety of jobs when you graduate!). These over-arching subject areas afford a special opportunity for the application of a wide range of microeconomic concepts and techniques (some covered in ECON 201) to significant real-world issues, such as health care rationing, prioritisation, the 'value of life' and 'user-pays' (ie student fees and student loans) in education.

    Learning Outcomes
    1. To apply the microeconomic tools and concepts introduced in BSNS 104, ECON 112 and ECON 201 to the topics of health and education, including contemporary New Zealand policy issues (and other countries too)
    2. To introduce you to new microeconomics tools and concepts, as required
    3. To equip you with the skills to be able to understand and critique economic evaluations of health care programmes and to be able to apply these skills more generally (ie to any economic project appraisal)
    4. In general, to encourage you to develop analytical and decision-making skills, including modest technical and quantitative proficiencies

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

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Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

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Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.