ECON 2G03 Chapter Notes - Chapter 2: Health Policy, Health Technology, Homeostasis
15 May 2018
School
Department
Course
Professor
Health Econ Readings- Digital Reading Room 2018
Week 1:
https://0-www-sciencedirect-
com.aupac.lib.athabascau.ca/science/article/pii/S0167629699000338
● Future of healthcare economics relies on
○ Understanding of economic behaviour
○ Providing input/value to health policy and health research
● Health Economist beginning to play a larger role in Health Policy & health service
research- help make difficult choices facing public and private decision makers
● 5 types of journals
○ Economics (not health)*majoirty
○ Other disciplines
○ Health econ
○ Health policy and research
○ Medical
● Basically, many papers with relation to health econ appeared in
25% of non health econ journals (very interdisciplinary and
applicable)
● Health Economics is a Behavioural Science
● 5 areas where health economists can contribute
○ Endogenous technology and preferences
○ Social norms
○ Principle-agent problems
○ Behavioural economics
○ Measure and analyze quality of life
● Standard econ models focus on normative and positive aspects of maximization (ex.
Tech and preferences)-> exogenous technology
● ‘‘technological change . . . is usually not apart from the normal processes of
production and consumption, but a part of them’’ Schmookler, 1966, p. 207 .
○ Basically saying that technology is an endogenous aspect of the health care
system
● Endogenous-preferences cannot be taken as given (affected by individual internal
response to external affairs)
○ Ex. person with low testosterone takes meds that increase bodies natural
poduction
● Exogenous-preferences comes from outside the model, unexplained by current model
○ Ex. person with low testosterone takes injection to increase levels
○ Screws more with bodies internal homeostasis
● Medical care is influenced by both market forces and exogenous scientific discoveries
● Social norms-endogenous preferences
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Providing input/value to health policy and health research. Health economist beginning to play a larger role in health policy & health service research- help make difficult choices facing public and private decision makers. Basically, many papers with relation to health econ appeared in. 25% of non health econ journals (very interdisciplinary and applicable) 5 areas where health economists can contribute. Standard econ models focus on normative and positive aspects of maximization (ex. Technological change . is usually not apart from the normal processes of production and consumption, but a part of them"" schmookler, 1966, p. 207 . Basically saying that technology is an endogenous aspect of the health care system. Endogenous-preferences cannot be taken as given (affected by individual internal response to external affairs) Ex. person with low testosterone takes meds that increase bodies natural poduction. Exogenous-preferences comes from outside the model, unexplained by current model. Ex. person with low testosterone takes injection to increase levels.
