ECON 1191 Health Economics Assignment
- Economics makes much use of markets. Perfect markets assume:
- Full information
- Impersonal transactions
- Private goods
- Selfish motivation
- Many buyers and sellers
- Free entry (and exit)
- Homogenous products
Discuss these assumptions in relation to healthcare.
- Costs and outcomes are key components of an economic evaluation. If you were conducting an economic evaluation of a new treatment for asthma, what outcomes and costs would you include and why?
- There are various types of economic evaluation, and they differ according to how outcomes are measured. Describe these types of economic evaluation and say what the advantages and disadvantages of them are.
- Discuss whether engaging in risky health behaviour is rational or irrational. What economic approaches can be taken to reduce risky behaviour?
