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Questions Case 1 The economic approach of healthcare
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Name 4 characteristics why health economics is different than economics
Name 4 characteristics why health economics is different than economics
1. Derived demand
2. Existence of externalities
3. Informational asymmetries
4. Uncertainty with the need and effectiveness of healthcare
Define experimental economics
Define experimental economics
Branch of economics that performs economic experiments to better study decision-making behaviour of individuals
Name 7 developments for health economics towards the future
Name 7 developments for health economics towards the future
1. From health care economics to health economics
2. Proper role of market and institutions
3. More socioeconomic model
4. Emphasis on individual decision-making
5. More original data collection
6. From evidence based medicine to economic based medicine
7. A breakdown of interdisciplinary barries between health economics and other disciplines
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