The objective of this course is to equip participants with the essential knowledge and skills to understand and apply the health economic principles and methods to real-world situations. By the end of the course, participants will be able to:

• Explain the role and functions of health economics in a modern economy
• Apply the main models and frameworks of health economic analysis
• Assess the determinants and implications of different health outcomes, health behaviors, health systems, and health policies
• Evaluate the effects of various health interventions on efficiency and equity
• Discuss the current trends and challenges facing health economics in the context of globalization, digitalization, and innovation

This course is designed for professionals who are interested in learning about health economics, its applications and implications. It is suitable for those who work in or interact with the health and health care sector, such as managers, consultants, analysts, investors, or educators. It is also relevant for those who want to enhance their general knowledge and skills in economics and finance.

By taking this course, participants will benefit from:

• Gaining a comprehensive and up-to-date understanding of health economics
• Developing analytical and critical thinking skills to deal with health issues
• Enhancing their professional competence and confidence in the health and health care sector
• Expanding their network and learning from peers and experts in the field

Day One:

Introduction to Health Economics

• What is health economics and why does it matter?
• What are the main goals and challenges of health economics?
• What are the key concepts and principles of health economics?
• What are the main sources of data and information on health economics?

Day Two:

Demand for Health and Health Care

• What are the main determinants of health status (e.g., genetics, environment, lifestyle)?
• How do individuals make decisions about their health (e.g., prevention, treatment, self-care)?
• How do individuals demand health care services (e.g., quantity, quality, price)?
• How do insurance markets affect health care demand (e.g., moral hazard, adverse selection)?

Day Three:

Supply of Health Care

• What are the main characteristics of health care markets (e.g., imperfect information, uncertainty, externalities)?
• How do providers supply health care services (e.g., production function, cost function, profit function)?
• How do providers compete or cooperate in different market structures (e.g., monopoly, oligopoly, monopolistic competition)?
• How do payment systems affect provider incentives (e.g., fee-for-service, capitation, salary)?

Day Four:

Economic Evaluation of Health Care

• What is economic evaluation and how does it compare costs and benefits of alternative interventions?
• What are the main types of economic evaluation (e.g., cost-benefit analysis, cost-effectiveness analysis, cost-utility analysis)?
• How can costs and benefits be measured or valued (e.g., opportunity cost, willingness to pay, quality-adjusted life years)?
• How can uncertainty or risk be incorporated into economic evaluation (e.g., sensitivity analysis, discounting)?

Day Five:

Health Policy

• What is health policy and how does it affect health outcomes and behaviors?
• What are the main types of health policy (e.g., regulation, taxation, subsidy)?
• How can health policy address market failures (e.g., public goods, externalities)?
• What are the current issues and challenges in health policy (e.g., pandemic response)?

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.