ECON 483 W: Seminar in Microeconomics (Health).

Healthcare provision emerges under mixed and regulated systems. The course examines the institutional and organizational aspects of the health care systems with an eye to policy-making. Since healthcare is largely a private good, economic analysis would then prescribe private provision on efficiency grounds. Mostly on equity grounds but also due to informational problems potentially causing market failures in insurance, the case for public intervention proves strong.