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HLST 1010- Final Exam Guide - Comprehensive Notes for the exam ( 78 pages long!)


Department
Health Studies
Course Code
HLST 1010
Professor
Dennis Raphael
Study Guide
Final

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York
HLST 1010
Final EXAM
STUDY GUIDE

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Lecture 2: The Canadian Health Care System II
Liberalism
Originates from the word libre and features "
# • Personal Freedom$
# • LimitedGovernment$
# • Equality of Rights$
# • Consent of the Governed "
Socialism
# • Not in favour of market economy and instead "
# •Calls for assets community-owned assets equal instead of selective # # #
# distributions "
# •Subscribe to the notion of “equality of results” "
# •Aims to achieve political accountability in a gradual manner $
Market Failure
A good reason for government intervention? "
# •The theory of “invisible hand” in competitive markets as played out by utility # #
#and profit maximization behaviours of individuals and firms is supposed to # #
#achieve equilibrium "
# •Yet, market failures surface and in turn prompt government to take actions "
# •Prime candidates for market failures:"
## Education "
## Health care "
Financing and Delivery: !
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Planned Market Initiatives:
Price Elasticity:
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