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Using appropriate graphs and mathematical expression, briefly discuss one
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- what is the relationship of macroeconomics to health economics? give the importance of its relationship.What is the importance of learning health economics as a health practitioner? what are the important things to know about heath economics?What are the differences and similarities between health economics and other forms of economic study?
- In what sense is the individual considered a “producer” of health in the Grossman model?Provide at least five determinants of health at an economic perspective and provide a brief explanation of each determinant.According to Henderson, what are the three alternatives strategies (U.S. Policy Alternatives) routinely complete for acceptance in planning the way health care should be delivered and financed in the United States? Please briefly discuss each of these policy alternatives.
- “The consumption function and budget constraints explained are useful elements inunderstanding the microeconomic approach to health spending.” With the use ofappropriate graphs and mathematical expressions, critically evaluate this statement.Please no written by hand Regarding the paper: How and why US health care differs from that in other OECD countries by Victor R. Fuchs In 6-12 paragraphs, explain three (or more) reasons the paper is or may be correct and three (or more) reasons the paper may be wrong. For each reason pro and con, give a counter argument. For one pro counterargument and one con counter argument, give a counter-counter argument. That is, you should have three pros, three counters to pros, and one counter-counter to one of the counter arguments to the pros. Same with cons: three cons, three counters, and one counter-counter.You answers should be based in economic reasoning and refer to the concepts of class such as utility, theory of insurance, cost-effectiveness, adverse selection, moral hazard, stake-holders and social movements, etc. Your answers should give details for each pro, con, and counter such that the reader will understand what each point means and why it is important.Show how a consumer would choose between medical care and health(y) behavior activities using the graphical representation of the consumer choice model (assume that “amounts” of healthy behavior have “costs” or prices).
- Draw a graph and an argument about how increases in health due to one medical innovation can lead to improvements in health that are not directly affected by that innovation. Does it matter the demographic properties of those individuals whose health is improved by the initial innovation?Describe Grossman's Improvement Model of Health. How does Grossman reconcile health as both something in demand and something produced by individuals?improvement in technology usually result in lower cost of production or new and improved consumer goods and services .Assume that an improvement in medical technolgy result in an increase in life expectancy for people 65 years and older . How would this technolgical advance be likely to affect expenditure on health care?
