Health Economics

By Prof. Pratap C. Mohanty | IIT Roorkee

Learners enrolled: 1684 | Exam registration: 382

ABOUT THE COURSE:
The proposed course titled ‘Health Economics’ is unique in the NPTEL and other MOOC platforms. This has a coverage of latest nuances in healthcare emphasizing issues and policies of India and developing countries. This enables readers with a strong conceptual and theoretical explanations. This has incorporated latest large-scale datasets (Micro dataset - NSSO, NFHS, IHDS, LASI, and Macro dataset – National health Accounts, Statista, WHO, etc.), use of statistical packages (STATA and DEAP) for parametric and non-parametric estimations including productivity and efficiency analysis and real-life case-based examples. This has also included sections on economic evaluations of policies and programs which are highly useful for public policies. The course has included the coverages of the top cited referred books as well as the syllabus of top-most institutions in the world.

INTENDED AUDIENCE: Interdisciplinary - BA (Hons.); B.Sc. Economics, B.Tech, Public health, Biotech, Medical Sciences; Life Sciences M.A./M.Sc. Economics, etc.

INDUSTRY SUPPORT: Health Consultancies, Research Organizations, KPMG, Deloitte, PWC, etc.

Summary

Course Status :	Ongoing
Course Type :	Elective
Duration :	12 weeks
Category :	Economics
Credit Points :	3
Level :	Postgraduate
Start Date :	22 Jan 2024
End Date :	12 Apr 2024
Enrollment Ends :	05 Feb 2024
Exam Registration Ends :	16 Feb 2024
Exam Date :	21 Apr 2024 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Course Process

Course Content

Week 1: Introduction
• Health Economics: Overview, Structure and Beneficiaries
• Concepts and Terminologies in Health Economics
• Health as an Economic Good
• Economics of Health vs Economics of Healthcare
• Arrow's Perspective on Healthcare

Week 2: Demand in Healthcare
• Utility and Health
• Demand for Health care
• Measuring price sensitivity with elasticities
• The Grossman Model
• The Grossman Model and Health Disparities

Week 3: Supply in Health care
• Physicians as Health Providers of Health
• Supply Induced Demand
• Hospitals as Health Providers of Health
• Production and Cost of Healthcare
• Profit maximization models in health care

Week 4: Equity and Health
• Equity in Healthcare
• Equity and Redistribution: Theory
• Equity in Health Financing
• Equity in Distribution
• Practicals to measure equity

Week 5: Financing and Insurance in Health Care
• Financing Health care
• Uncertainty and Risk - Health Insurance
• Patient Payments; Reimbursements
• Information Economics in Health: Moral Hazard
• Information Economics in Health: Adverse Selection

Week 6: Behavioral Health Economics
• Introduction to Behavioral Economics
• Expected Utility Theory
• Prospect Theory
• Nudge Theory
• Time Inconsistency and Health: Discounting

Week 7: Economics of Health Systems

• Health Systems

• Tax and Social Health Insurance mechanism-I

• Tax and Social Health Insurance mechanism-II

• Private financing mechanisms

• Health systems around the world

Week 8: Theory and Principles of Economic Evaluation

• Theoretical foundations of economic evaluation

• Principles of Economic Evaluation: Introduction

• Principles of Economic Evaluation: Cost-Benefit Analysis

• Principles of Economic Evaluation: Cost-Effectiveness Analysis

• Principles of Economic Evaluation: Cost-Utility Analysis

Week 9: Economic Evaluation in Application to Health and Health Care

• Monetary Valuation of Health

• Non-monetary Valuation of Health: QALY

• Non-monetary Valuation of Health: DALY & HLYE

• Costing, Discounting & Evaluation under Uncertainty

• Markov modeling and Sensitivity analysis in Health care

Week 10: Health Efficiency

• Concepts of productivity and efficiency

• Data Envelopment Analysis: Introduction

• Data Envelopment Analysis: CCR Model

• Data Envelopment Analysis: BCC Model

• Introduction to DEAP Software

• Application of DEA in Healthcare using DEAP

Week 11: Health databases and an introduction to data handling packages

• Micro and Macro Data in Health: Sources and Indicators - I

• Micro and Macro Data in Health: Sources and Indicators - II

• Econometric Modeling in Health

• Health data handling packages – Open Source

• Health data handling packages - Licensed

Week 12: Public Health and Policies

• Introduction to Public Health

• Healthcare provisioning and responsiveness

• Socio-economic disparities in Health- global perspective

• Indian Health System: organization and governance

• Indian Health Status: reforms, status, and future challenges

Books and references

• Bhattacharya, J., Hyde, T., & Tu, P. (2014). Health Economics. Palgrave Macmillan.

• Coelli, T. J., Rao, D. S. P., O'Donnell, C. J., & Battese, G. E. (2005). An introduction to efficiency and productivity analysis.
Springer science & business media.

• Morris, S., Devlin, N., Parkin, D., & Spencer, A. (2012). Economic Analysis in Health Care (2nd ed.). Wiley.

• Zweifel, P., Breyer, F., & Kifmann, M. (2009). Health Economics (2nd ed.). Springer.

Specific reading materials will be available for each topic in the lecture.

Instructor bio

Prof. Pratap C. Mohanty

IIT Roorkee

Prof. Pratap Mohanty is presently an Associate Professor in Economics at IIT Roorkee. He has over 16 years of experience in teaching, research, training, and administration. Previously, he worked with Delhi University (CVS and Stephens College), IIFT, New Delhi and IIM, Indore. He graduated (Masters, M.Phil. and Ph.D.) from Jawaharlal Nehru University (JNU) in the domain of Economics information diffusion. He has been working on various socio-economic issues in India such as challenges of healthcare, medical pluralism, gender justice, tribal knowledge, informal enterprises, and inequalities. One of his projects on ‘traditional medicine’ sponsored by Govt of India, is declared a unique study. He is a columnist in various national dailies like the Hindu, Indian Express, Times of India and Pioneer, etc. He has been also involved in disseminating his research knowledge and teaching to the larger masses through YouTube and social media through NPTEL MOOC module of the IITs and Ministry of Education. His two popular courses running on this platform are ‘Handling Large Scale Data with STATA’ and ‘Exploring Survey Data on Healthcare’. He was invited by JNU, South Asia University, Delhi University, IIT, IMM, NEHU ICSSR, BITS Pilani etc., to deliver a number of sessions on handling large-scale survey data. During his tenure at IIFT, he used to train the IFS probationers, senior IPS officers and senior ITS officers. He is also among the expert instructors to train the IAS probationers of LBSNAA, Mussoorie.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.

The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).

Date and Time of Exams: 21 April 2024 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.

Registration url: Announcements will be made when the registration form is open for registrations.

The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.

Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Roorkee .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

SWAYAM Helpline / Support