Lecture Notes
Chapter Summaries
The Economics of Health and
Health Care, 9th Edition by
Sherman Folland
Complete Chapters are included
(Ch 1 to 24)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
1. Introduction
2. Microeconomic Tools for Health Economics
3. Statistical Tools for Health Economics
4. Production of Health
5. Demand for Health Capital
6. Economic Efficiency and Cost-Benefit Analysis
7. Disparities in Health and Health Care
8. The Health Economics of Bads
9. Pandemic Economics
10. The Production, Cost, and Technology of Health Care
11. Consumer Choice and Demand
12. Asymmetric Information and Agency
13. Demand and Supply of Health Insurance
14. The Organization of Health Insurance Markets
15. Managed Care
16. Hospitals and Long-Term Care
17. The Physician’s Practice
18. Health Care Labor Markets and Professional Training
19. The Pharmaceutical Industry
20. Equity, Efficiency, and Need
21. Government Intervention in Health Care Markets
22. Social Insurance
23. Comparative Health Care Systems
24. Health System Reform
, 2
Chapter 1 – Introduction to Health Economics
Key Ideas
• The COVID-19 pandemic has sensitized the population to the impacts of health care,
health, and the impacts of disease. How have things changed since 2020?
• How is health care like other goods? How is it different?
• How big are the health care sectors in the United States and elsewhere?
• Does economics apply to health care?
• How does economics apply to both the efficiency of health care and the equity of who
receives it?
Teaching Tips
• All current students have lived through the COVID-19 pandemic. Discussion topics
may include:
o How did your family fare economically?
o How did your family fare health wise?
o How did COVID-19 affect you economically?
[It is wise to be cautious about probing because some families may have had, or
continue to have adverse experiences.]
• Appeal to students’ experiences. Do we buy health care in the same way that we buy
other goods? Does this apply to emergency care? to drugs? to chronic conditions?
How does health insurance enter into this?
• Contrast a trip to the doctor or to the hospital with a trip to the grocery store. Do we
pay the same way? Do we make purchasing decisions the same way?
, 3
• There are an enormous number of health data sites available. The more durable ones
include:
o National Institutes of Health (www.nih.gov/)
o Centers for Medicare and Medicaid Services, formerly the Health Care Financing
Administration, or HCFA (cms.gov)
o Social Security Administration (www.ssa.gov/)
o Bureau of the Census (www.census.gov/)
o Center for Disease Control (www.cdc.gov/)
o Organization for Economic Cooperation and Development (OECD), for
international data (www.oecd.org/)
o National Health Service (United Kingdom) (https://www.nhs.uk/ )
o Health Canada (https://www.canada.ca/en/health-canada.html)
• Nearly every daily newspaper has health reports, and there are a multitude of health-
related web sites. Instructors may find it useful to assign a five to ten minute
presentation at the beginning of each class, either from the web or from newspapers.
o Students can use presentation software or transparencies as visual aides.
o Students should be encouraged to use simple supply/demand analysis.
Chapter Summaries
The Economics of Health and
Health Care, 9th Edition by
Sherman Folland
Complete Chapters are included
(Ch 1 to 24)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
1. Introduction
2. Microeconomic Tools for Health Economics
3. Statistical Tools for Health Economics
4. Production of Health
5. Demand for Health Capital
6. Economic Efficiency and Cost-Benefit Analysis
7. Disparities in Health and Health Care
8. The Health Economics of Bads
9. Pandemic Economics
10. The Production, Cost, and Technology of Health Care
11. Consumer Choice and Demand
12. Asymmetric Information and Agency
13. Demand and Supply of Health Insurance
14. The Organization of Health Insurance Markets
15. Managed Care
16. Hospitals and Long-Term Care
17. The Physician’s Practice
18. Health Care Labor Markets and Professional Training
19. The Pharmaceutical Industry
20. Equity, Efficiency, and Need
21. Government Intervention in Health Care Markets
22. Social Insurance
23. Comparative Health Care Systems
24. Health System Reform
, 2
Chapter 1 – Introduction to Health Economics
Key Ideas
• The COVID-19 pandemic has sensitized the population to the impacts of health care,
health, and the impacts of disease. How have things changed since 2020?
• How is health care like other goods? How is it different?
• How big are the health care sectors in the United States and elsewhere?
• Does economics apply to health care?
• How does economics apply to both the efficiency of health care and the equity of who
receives it?
Teaching Tips
• All current students have lived through the COVID-19 pandemic. Discussion topics
may include:
o How did your family fare economically?
o How did your family fare health wise?
o How did COVID-19 affect you economically?
[It is wise to be cautious about probing because some families may have had, or
continue to have adverse experiences.]
• Appeal to students’ experiences. Do we buy health care in the same way that we buy
other goods? Does this apply to emergency care? to drugs? to chronic conditions?
How does health insurance enter into this?
• Contrast a trip to the doctor or to the hospital with a trip to the grocery store. Do we
pay the same way? Do we make purchasing decisions the same way?
, 3
• There are an enormous number of health data sites available. The more durable ones
include:
o National Institutes of Health (www.nih.gov/)
o Centers for Medicare and Medicaid Services, formerly the Health Care Financing
Administration, or HCFA (cms.gov)
o Social Security Administration (www.ssa.gov/)
o Bureau of the Census (www.census.gov/)
o Center for Disease Control (www.cdc.gov/)
o Organization for Economic Cooperation and Development (OECD), for
international data (www.oecd.org/)
o National Health Service (United Kingdom) (https://www.nhs.uk/ )
o Health Canada (https://www.canada.ca/en/health-canada.html)
• Nearly every daily newspaper has health reports, and there are a multitude of health-
related web sites. Instructors may find it useful to assign a five to ten minute
presentation at the beginning of each class, either from the web or from newspapers.
o Students can use presentation software or transparencies as visual aides.
o Students should be encouraged to use simple supply/demand analysis.
