Economics of Health and Education
University of Otago
Dunedin, New Zealand
Area of Study
Taught In English
ECON 201 or ECON 271
Course Level Recommendations
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.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
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.
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
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
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.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
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.