Health Economics and Policy (ECON 322)

2023 Spring
Faculty of Arts and Social Sciences
Erdal Aydın,
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Formal lecture
Discussion based learning
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Introduction to the efficiency and ethical issues involved in distribution of health care. Cost-benefit and cost effectiveness analyses to evaluate public and private sector health policies. Exploring the link between health and nutrition. Health insurance policies, quality assurance and the role of the government and professional organizations in provision of health services.


- Introduce basic microeconomic and statistical tools that are used in health economics to
analyze the unique characteristics of supply and demand of health care.
- Endow students with the ability to design effective public policies by providing an
understanding of economic incentives of various players in the health care sector
including patients, doctors, hospitals, government, and insurance companies.
- Introduce basic tools in Pharmacoeconomic analysis and various reimbursement policies.
- Endow students with the knowledge of various health care systems.


  • Upon completion of the course students are expected to be able to: 1) understand the issues about social and economic relevance of health services in society 2) identify market and non-market settings in health sector 3) develop models to analyze health industry 4) evaluate benefits and costs of public policies and propose alternative solutions 5) discuss regulation and regulatory framework in health industry.


1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 4

2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 4

3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 3

4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 3

5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 3

1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 5

2. Assess how global, national and regional developments affect society. 5

3. Know how to access and evaluate data from various sources of information. 4

1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 5

2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 5

3. Recognize how incentives shape the behavior of individuals and organizations. 5

4. Identify "economic" problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5

5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 4


  Percentage (%)
Quiz 50
Homework 50



Health Economics, Charles E. Phelps, Addison Wesley; 5th edition (May 29, 2012)


? The Economics of Health and Health Care, Sherman Folland, Allen Goodman, Miron
Stano, Prentice Hall; 7th edition (March 10, 2012)
? The Handbook of Health Economics, Volume II, Mark V. Pauly, Thomas G. Mcguire,
and, Pedro P. Parros eds., Elsevier Science, 2011.
? The Handbook of Health Economics, Volume I (Parts A and B), Anthony J. Culyer and
Joseph P. Newhouse, eds., Elsevier Science, 2000.