​ GBA 3–Health Care Economics and Issues

GBA CEBSThis is a required course for the GBA designation and can also be used as an elective course for the CEBS designation.

This course is under review. If you have already purchased study materials, you will need to complete your exam in 2017.

Economics is a social science that concerns itself with analyzing the production and distribution of goods and services. Health economics concerns itself with the health care economy and applies the tools of economics to the health care sector. This course is based on the assumption that in order to understand the field of health economics, students must develop a working knowledge of the analytical tools of economics. Topics covered include an analysis of the factors that affect supply and demand for health care services; how health care is financed; statistical tools used in health care economics; and the role of technology, pharmaceuticals and information asymmetry. An analysis of health care reforms is presented from the viewpoints of the private sector as well as federal and provincial/territorial. A review of other countries' initiatives of health care reform is provided. The primary objective of the course is to show that economics can help those involved in the employee benefits field better understand how decision makers throughout the health economy make choices.

Study Materials:

  • Learning Guide (3rd edition), $185.00
  • Text: The Economics of Health and Health Care (7th edition), by Sherman Folland, Allen C. Goodman and Miron Stano, Prentice Hall Inc., Upper Saddle River, New Jersey, 2012, $279.90
  • Readings Updates  

See Study Materials for details on how to order study materials.

Enrichment Reading - click here  

Assignment Topics

  1. The Relevance of Health Care Economics
  2. Economic Concepts Relevant to Health Care Markets
  3. Introduction to Statistical Tools for Health Economics
  4. Supply and Demand in Health Care Markets
  5. How Health Care Markets Differ From Other Markets
  6. Health Insurance Markets and Consumer Choice
  7. Financing of Physician and Hospital Care
  8. Impact of Information Asymmetries in Health Care Markets
  9. Impact of Health Care costs and Technology on Production
  10. Economic Analysis Techniques and Evaluation Measures
  11. Economic Analysis Techniques and Evaluation Measures Applied to Pharmaceuticals
  12. Human Capital Markets: Supply of Physicians and Nurses