HEC5970 Introduction to health economics
Faculty of Business and Economics
HEC5970 Introduction to health economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 at Caulfield. It has no prerequisites.
- Credit points
- 6
- Offered in 2027
- Semester 1
- Caulfield
- Assessment
- Exam 50%
- and 3 other tasks
- Workload
- 144 hours
- per semester
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Overview
This unit provides an understanding of the microeconomic approach to resource allocation, both in general and specifically, in relation to the health sector. It introduces you to the use of economic tools in the analysis of the 'market' for health care in terms of efficiency and equity. It also provides an analytical framework for assessment of the Australian health care system, and health policy generally, from an economic perspective.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Online |
Assessment
- Quiz / Test10%
- Exercise10%
- Written30%
- Examination50%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand basic microeconomic concepts and their application to the health sector
- 2
understand role, limitations and usefulness of economic analysis and economics as a way of thinking, particularly when applied to the health care sector
- 3
understand organisation and delivery of health services from an economic perspective
- 4
understand the Australian Health Care system from an economic perspective, including an analysis of the reasons for growth in expenditure.
Workload and teaching
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Learning resources
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Contacts
- Chief Examiners
- Dr Johannes Kunz
Common questions
What are the prerequisites for HEC5970?
HEC5970 has no prerequisites.
When is HEC5970 offered?
In 2027, HEC5970 runs in Semester 1 at Caulfield, with an online option.
How much work is HEC5970?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does HEC5970 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 3 other tasks.