Health Economics Exam
Instructions - Create your answers as a MS Word document and turn it in using the TurnItIn link that is right below the exam. If you choose question 6, the graph, understand that precision is important. If you can draw it well in Power Point or some other program, that is great, otherwise, draw it on paper and take a cell-phone picture of it and drop it into the Word doc.
You MUST answer this question
1. Describe fully why the market for health care services is substantially different than the market for typical goods and services.
Choose any Four (4) of these questions.
2. Explain the difficulty of measuring health care inflation and why quality and quantity can be confused.
3. Explain, in words and functional forms, the relationship between the consumption of goods and services, health, and utility and the relationship between health care services and health. Explain how the latter relationship is dependent on the disease in question.
4. Discuss the difference between productivity on the "extensive margin" and "intensive margin".
5. Discuss the shape of the expansion path for health care services and the sanitation effect, the fast lane effect, the pure income effect and the health spa effect.
6. Show the impact on a demand curve of coinsurance. Show this for varying rates of coinsurance (10-90 vs 20-80 vs 50-50).
7. Discuss the evidence with regard to the marginal cost of saving a life (Table 3.1) and different treatments and their cost-effectiveness ratios (Table 3.2) as evidenced in the tables shown on the next page.
Attachment:- Tables.rar