ECN 410 Study Guide - Spring 2018, Comprehensive Midterm Notes -

• School: Syracuse University
• Department: Economics
• Course: ECN 410
• Professor: Perry Singleton

Document Summary

Textbook & lecture notes - hw questions noted where applicable. Health economics studies the allocation of resources to and within the health economy. Defined by who health economists are and what they do: morrisey & cawley - 2005 survey of us health economists describes who they are: Academic unit: survey also showed that health economists draw on various sub-disciplines of training within economics, including labor economics, industrial organization, public finance, and cost-benefit analysis. Us devotes largest share of gdp healthcare spending and its per capita spending greatly exceeds that of any other country: reflect rapid rate of adoption of new technology. Costs and benefits of medical technology : revascularization costs ,000 for an extra year of life. Rising health care costs affect all nations (box 1. 1: countries around the world now have access to treatments available for heart attacks today, which vary in technology in cost compared with 1960s treatments.