This course will apply the basic tools and principles of Microeconomics, Industrial Organization, and Competitive Strategy to analyze the structure and operation of U.S. healthcare markets. The course will do so by examining industry profit drivers, the successes and failures of competition and market forces, how legislation and regulation encourage, restrict, or displace competition in the healthcare sector, market and regulatory failures, and the trade-offs between market-based and regulatory proposals for reform.
Students who successfully complete this course will be able to understand the relationships between the key healthcare industry players and trends, cost and profit drivers in the healthcare system, the healthcare reform debate, and the likely effects of alternative proposals on the industry landscape. The course will interest students planning on careers in the healthcare industry or related industries, as well as students interested in the application of economics and strategy to business and policy issues.
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