HSH717 - Health Economics 1


2024 unit information

Enrolment modes: Trimester 1: Burwood (Melbourne), Online
Trimester 3: Burwood (Melbourne), Online
Credit point(s): 1
EFTSL value: 0.125


Corequisite: Nil
Incompatible with: Nil
Study commitment

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

This will include educator guided online learning activities within the unit site.

Scheduled learning activities - campus

Combination of independent and interactive scheduled on-campus activities equivalent to two hours per week, including 10-11 scheduled seminars.

Scheduled learning activities - online

Combination of independent and interactive scheduled online activities equivalent to two hours per week, including 10-11 scheduled seminars.


The unit introduces students to the discipline of health economics and assumes no prior knowledge. The unit will cover the following topics, with a particular focus on current policy developments.

  1. Dimensions of Health Economics: The scope of health economics; why is health economics relevant; objectives in health care; choice in health care; basic concepts and definitions.
  2. Microeconomic Tools for Health Economics Part 1 - The Competitive Market: concepts behind the demand curve; concepts behind the supply curve; markets and efficiency; conditions for competitive markets.
  3. Microeconomic Tools for Health Economics Part 2 - Market Failure: the role of government and preventing government failure; common market failures in health care; health care insurance markets.
  4. The Australian Health Care System from an Economic Perspective: Structure and funding; role of providers, consumers and funders; viewpoints on the Australian health care system; international comparisons.

Unit Fee Information

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