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Course profile

Health Economics (ECON2460)

Study period
Sem 1 2025
Location
St Lucia
Attendance mode
In Person

Course overview

Study period
Semester 1, 2025 (24/02/2025 - 21/06/2025)
Study level
Undergraduate
Location
St Lucia
Attendance mode
In Person
Units
2
Administrative campus
St Lucia
Coordinating unit
Economics School

Life, healthy living, longevity, ageing, death:
why health economics is important - this course will provide descriptive and theoretical aspects and help you to look at health and health care issues through the distinctive lens of an economist, changing forever the way you think about these concepts. The central concern is the behaviour of economic agents (that includes you!) when confronted with scarcity. Choice and opportunity cost are central. This course will focus on demand for and supply of healthcare, health insurance, equity and need, health and labour market, lifestyle behaviours, measurement of health outcomes, health economics ageing and longevity, welfarist and non-welfarist foundations of economic evaluation.

The course “Health Economics” provides the student with an introductory overview to health economics. In this course, students will build on what they have learned in Econ 1010 and will apply this knowledge to address questions in the field of Health Economics.ᅠ

This course covers the application of microeconomic theory/principles to health and the health care market.

Course requirements

Assumed background

The mathematical requirements of this course are modest. Basic arithmetic and an ability to learn, to understand, and manipulate simple graphs are required.

Before attempting this course, you are advised that it is important to complete the appropriate prerequisite course(s) listed on the front of this course profile. No responsibility will be accepted by UQ School of Economics, the Faculty of Business, Economics and Law or The University of Queensland for poor student performance occurring in courses where the appropriate prerequisite(s) has/have not been completed, for any reason whatsoever.

Prerequisites

You'll need to complete the following courses before enrolling in this one:

ECON2010

Incompatible

You can't enrol in this course if you've already completed the following:

ECON7460

Course contact

School enquiries

School Enquiries, School of Economics

All enquiries regarding student and academic administration (i.e. non-course content information, e.g., class allocation, timetables, extension to assessment due date, etc.) should be directed toᅠenquiries@economics.uq.edu.au.ᅠ

Enquiries relating specifically to course content should be directed to the Course Coordinator/Lecturer.

Course staff

Lecturer

Tutor

Mr Matthew Oancea

Timetable

The timetable for this course is available on the UQ Public Timetable.

Additional timetable information

Lectures commence in 1.

Tutorials commence in 2.

Please see the Learning Activities section of this Course Profile for the timetabling implications of public holidays.

Important Dates:

·        Public Holidays: Fri 18 April (Good Friday), Mon 5ᅠMay (Labour Day).

·        Mid-Semester Break: 21ᅠApril - 25ᅠApril. Semester 1 classes recommence on Mon 28ᅠApril.

Students should refer to the timetable prior to the commencement of classes to ensure that they have the most up to date information, as from time to time late room changes may occur.

Aims and outcomes

This course will enable you to think like a health economist, using microeconomics applied to health and health care, changing forever the way you think about these concepts.ᅠ

Learning outcomes

After successfully completing this course you should be able to:

LO1.

Identify appropriate economic theory related to health and health care across the lifespan.

LO2.

Apply economic theory and microeconomic concepts to analyse health and health care decisions.

LO3.

Evaluate health and health care decisions using economic theory.

LO4.

Communicate analyses of health and health care in non-technical, plain language.

Assessment

Assessment summary

Category Assessment task Weight Due date
Quiz Online quizzes: Weekly MCQs/Short Questions
  • Online
30%

Due on Mondays at 4 pm of the week following the week on which the topic and book chapter were covered. 

Presentation In-Class Presentation
  • Team or group-based
  • In-person
20%

13/05/2025 4:00 pm

Thesis Report/Essay on Selected Topics
50%

30/05/2025 4:00 pm

Assessment details

Online quizzes: Weekly MCQs/Short Questions

  • Online
Mode
Activity/ Performance
Category
Quiz
Weight
30%
Due date

Due on Mondays at 4 pm of the week following the week on which the topic and book chapter were covered. 

Learning outcomes
L01, L02, L03

Task description

10 quizzes that are due on Mondays at 4 pm of the week following the week on which the topic and book chapter were covered. 

Submission of quizzes will be via Blackboard.

This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI) or Machine Translation (MT). Students are advised that the use of AI or MT technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.

Submission guidelines

Submission via Blackboard

Deferral or extension

You cannot defer or apply for an extension for this assessment.

Late submission

You will receive a mark of 0 if this assessment is submitted late.

Late submission is not allowed since solutions will be discussed in tutorials.

In-Class Presentation

  • Team or group-based
  • In-person
Mode
Activity/ Performance
Category
Presentation
Weight
20%
Due date

13/05/2025 4:00 pm

Learning outcomes
L01, L02, L03, L04

Task description

In-class group presentations on selected papers in health economics.

This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.

Presentations will be recorded and retained for the purpose of marking as per the UQ Assessment Procedure.

Submission guidelines

Instructions and paper lists will be disclosed later.

Deferral or extension

You may be able to apply for an extension.

Late submission

You will receive a mark of 0 if this assessment is submitted late.

Report/Essay on Selected Topics

Mode
Written
Category
Thesis
Weight
50%
Due date

30/05/2025 4:00 pm

Other conditions
Student specific.

See the conditions definitions

Learning outcomes
L01, L02, L03, L04

Task description

The precise topics and a detailed marking rubric will be discussed and provided on Blackboard.

This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI) or Machine Translation (MT). Students are advised that the use of AI or MT technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.

Submission guidelines

Due on 30/05/2025 4 pm Brisbane Time.

Deferral or extension

You may be able to apply for an extension.

The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.

Extensions are limited to 7 calendar days to ensure timely marking of the final assessment.

Late submission

A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.

Course grading

Full criteria for each grade is available in the Assessment Procedure.

Grade Cut off Percent Description
1 (Low Fail) 0% - 29%

Absence of evidence of achievement of course learning outcomes.

2 (Fail) 30% - 46%

Minimal evidence of achievement of course learning outcomes.

3 (Marginal Fail) 47% - 49%

Demonstrated evidence of developing achievement of course learning outcomes

4 (Pass) 50% - 64%

Demonstrated evidence of functional achievement of course learning outcomes.

5 (Credit) 65% - 74%

Demonstrated evidence of proficient achievement of course learning outcomes.

6 (Distinction) 75% - 84%

Demonstrated evidence of advanced achievement of course learning outcomes.

7 (High Distinction) 85% - 100%

Demonstrated evidence of exceptional achievement of course learning outcomes.

Additional course grading information

A student’s final overall end of semester percentage mark will be rounded to determine their final grade.

For example, 64.5% rounds to 65%, while 64.4% rounds to 64%.

Supplementary assessment

Supplementary assessment is available for this course.

Additional assessment information

Plagiarism

The School of Economics is committed to reducing the incidence of plagiarism. Further information on plagiarism and how to avoid an allegation of plagiarism is available in this course profile under Assessment Related Policies & Procedures. Please refer to the Academic Integrity Module (AIM). It is strongly recommended that you complete the AIMᅠif you have not already done so.

Learning resources

You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.

Library resources

Find the required and recommended resources for this course on the UQ Library website.

Additional learning resources information

Other Learning Resources & Information will be provided as topics for Article reviews under assessments. Further details will be given at lectures and tutorials, and will be asterisked on Blackboard.

Learning activities

The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.

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Learning period Activity type Topic
Week 1

(24 Feb - 02 Mar)

Lecture

Lecture 1

What is health economics?

Learning outcomes: L01, L02, L03, L04

Week 2

(03 Mar - 09 Mar)

Lecture

Lecture 2

The demand for health care

Learning outcomes: L01, L02, L03, L04

Week 3

(10 Mar - 16 Mar)

Lecture

Lecture 3

The supply of health care

Learning outcomes: L01, L02, L03, L04

Week 4

(17 Mar - 23 Mar)

Lecture

Lecture 4

Market failure in health care

Learning outcomes: L01, L02, L03, L04

Week 5

(24 Mar - 30 Mar)

Lecture

Lecture 5

Health Insurance and health care financing

Learning outcomes: L01, L02, L03, L04

Week 6

(31 Mar - 06 Apr)

Lecture

Lecture 6

Equity in health care

Learning outcomes: L01, L02, L03, L04

Week 7

(07 Apr - 13 Apr)

Lecture

Lecture 7

Measurement of health outcomes

Learning outcomes: L01, L02, L03, L04

Week 8

(14 Apr - 20 Apr)

Lecture

Lecture 8

Industrial organization of health care

Learning outcomes: L01, L02, L03, L04

Mid-sem break

(21 Apr - 27 Apr)

No student involvement (Breaks, information)

No classes this week

Week 9

(28 Apr - 04 May)

Lecture

Lecture 9

Economics of bads

Learning outcomes: L01, L02, L03, L04

Week 10

(05 May - 11 May)

Lecture

Lecture 10

Health care labor markets

Learning outcomes: L01, L02, L03, L04

Week 11

(12 May - 18 May)

Lecture

Lecture 11

In-class presentation

Learning outcomes: L01, L02, L03, L04

Week 12

(19 May - 25 May)

Lecture

Lecture 12

Economics of aging

Learning outcomes: L01, L02, L03, L04

Policies and procedures

University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:

Learn more about UQ policies on my.UQ and the Policy and Procedure Library.