SSST Subjects

EC 385 Health Economics


Programme(s) where module is offered

  • BSc in Economics with International Business
  • BSc in Economics with Finance

Status (core, option, free choice)



FHEQ Level



Unit Value



Semester taught



Pre-Requisite Modules or Qualifications

EC240 Intermediate Microeconomics


Module Code

EC 385


Module coordinator

Vjekoslav Domljan


Applicable From



Educational Aims of the Module

  • The module explores health care systems from the perspective on an economist, with an emphasis on key economic concepts that health economists use to analyse health and healthcare markets, the finance and planning of health care, the measurement and assessment of health care output and the relationship between the health care sector and the broader economy.
  • It is designed to introduce upper level undergraduate students in economics to the field of Health Economics. The provision and production of health care have different characteristics and incentives from other consumer goods making health related markets a unique topic for study.
  • After covering basic analytic tools used by health economists such as Cost-Benefit analysis, the focus is put on aspects of the health care market in the USA, health care in other countries (primarily in the UK, Canada, Germany and Bosnia), health care reform, as well as discussing the importance of health for development and some basic economic evaluation techniques such are data envelopment analysis and stochastic frontier analysis.

Module Outline/Syllabus

  • Introduction to the Economics of Health and Health Care

  • Economic Efficiency and Cost-Benefit Analysis

  • Production of Health

  • The Production, Cost, and Technology of Health Care

  • Demand for Health Capital

  • Asymetric Information and Agency

  • Non-Profit Firms

  • The Pharmaceutical Industry

  • Government Intervention in Health Care Markets

  • Social Insurance

  • Comparative Health Care Systems

  • Health System Reform


Student Engagement Hours

Type Number per Term Duration Total Time


15 1.5 22.5


5 1.5 7.5


5 1.5 7.5
Tutorials 5 1.5 7.5

Total Contact Hours


Total Guided/Independent Learning Hours

Total Engagement Hours 150.0

Assessment Method Summary

Type Number Required Duration / Length Weighting Timing / Submission Deadline

Final exam


3 hours


Week 17

Mid-semester test


2 hours


Week 9

Individual project: Report and presentation


1500 words


20 minutes presentation




Week 13


Module Outcomes

Intended Learning Outcomes:

  • Demonstrate comprehension of the fundamental terminology from the area of Health Economics.

  • Critically understand the ‘special’ nature of health care, and the ways by which public and private institutions have developed to cope with this

  • Critically understand the problems associated with the measurement of health care output, including cost utility analysis and element of CBA

  • Critically analyse the variety of health care institutions, including the health care system of some major developed countries and the problems in the pharmaceutical and medical technology industries

  • To apply previously constructed methods to conduct a research from the field of Health Economics and obtain new data.

Teaching and Learning Strategy:

  • A variety of approaches to managing the learning process is introduced in order to be able to meet the ILOs. Teaching will be predominantly lectures, with ample time for discussion. Lectures will be based on the key text book. In addition, supplementary resources will be used. (ILO: 1-5)

  • Most of the application-based problems will be done in tutorial sessions. Students are encouraged to participate in group discussions and exercises. (ILO:1-4)

  • Learning is organised and supported to encourage active learning, for example by the group project assignment (debate) (ILO:1-5)

  • Individual project assignment (to integrate theoretical concepts with practical skills (ILO: 1-5)

Assessment Strategy:

  • Midterm exam and Final exam (ILO: 1-4)

  • Individual assignments (ILO:1-5)

Practical Skills:

  • Ability to construct a report from the area of Health Economics

  • To explain economic concepts, problems, possible solutions and other relevant health economics information to both “expert” and lay audiences

  • To understand analytic tools used by health economists such as Cost-Benefit analysis

  • Interpret regression methods and other statistical techniques relating to health economics

Teaching and Learning Strategy:

  • Individual project assignment

  • Use of studio design methods to test student subject knowledge, and team work and readiness for change (PS: 2-4)

  • Lectures and tutorials (PS:1-4)(Including presentation) (PS:1-4)

Assessment Strategy:

  • Written Exams (PS:1-4)

  • Individual project (PS:1)

Transferable Skills:

  • Communications skills: written and oral

  • Numeracy skills

  • Problem-solving skills

  • Data and facts analyses skills

  • Research Skills

  • Data analyses skills

  • Classify data

  • Compare, inspect or record facts

  • Ability to effectively present own and others’ point of view

  • Meet deadlines

  • Good time management

  • Organize/manage projects

  • Ability to work independently

  • Ability to work in the team

Teaching and Learning Strategy:

  • Projects and independent study (TS:1-14)

  • Lectures and tutorials (TS:1-9)

Assessment Strategy:

  • Group and individual project assignment (TS:1-14)

  • Written examinations (TS:1-9)


Key Texts and/or other learning materials

Set text

  • Folland, S., et al, (2013), The Economics of Health and Social Care, 7th Edition, Pearson

Supplementary Materials

Please note

This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.

More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.

The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.

Date of Production : April 2017

Date approved by School Learning and Teaching Committee

Date approved by School Board of Study

Date approved by University Learning and Teaching Committee

Date of Annual Review


Posjeti nas

Hrasnička cesta 3a, Sarajevo, 71 000

Bosna i Hercegovina

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Fax: +387 33 975 030

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