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Download Economics, Medicine and Health Care by Gavin H. Mooney PDF

By Gavin H. Mooney

The e-book is appropriate for wellbeing and fitness Economics innovations inside of undergraduate and postgraduate economics levels, and to be used on overall healthiness administration, Nursing and scientific levels. it's also acceptable for post-experience classes for health and wellbeing execs. Professor Mooney, one of many major students in overall healthiness economics, introduces uncomplicated financial techniques and indicates how an figuring out of them contributes to overall healthiness provider policy-making. The book's procedure and insurance is strongly overseas, and care is taken all through to make the textual content simply obtainable to readers with out previous wisdom of economics.

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Additional info for Economics, Medicine and Health Care

Sample text

The nature of the commodity health care As compared with other commodities, how sits the demand for health care? What is an ‘externality’? Give a couple of examples. What is the ‘knowledge squared gap’? Can ‘quality’ in health care be judged? Easily? By whom? Can patients define their own need? Notes 1. ). 2. C. Twaddle, ‘The concept of health status’, Social Science and Medicine, 8 (1974), p 31. 3. M. Grossman, ‘On the concept of health capital and the demand for health’, Journal of Political Economy, 80 (1972), pp 223–255.

Given that, they are clearly also important to the theme of this book. Consequently, these questions are addressed in more detail in later chapters. 4 Conclusion Economics is about choice; it is about opportunity cost; it is about maximising the benefit to society from the resources available. The goal is efficiency – getting the most we can out of the available labour, land and capital, often tempered by some concern with equity. The viewpoint is society’s at large and not any single individual’s or individual group’s perspective.

QXD 9/20/07 2:40 PM Page 30 30 Health status and other outcome measurement Let us consider an example. Someone with a cold has a lower poorer health status than someone without a cold. Someone with pneumonia has lower health status than someone without either pneumonia or a cold or someone with a cold. These statements involve both value and technical judgements. Now, let us say that it is possible to cure a cold at a cost of £50 and to cure pneumonia at a cost of £1000 (the cost difference being 20 times).

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