Demonstrate an understanding of the relevance of economic concepts within the healthcare sector.

This unit provides a basic overview of and introduction to the economic principles that pertain to health care. It is important for health policymakers to be familiar with basic economic concepts so they can positively impact the system for the benefit of businesses and the patient.

After completing this unit, you should be able to:

Describe the importance of health policymakers being familiar with basic economic concepts.

Explain the role of economics in health care.

Examine the use of economic models to help forecast the impact(s) of policy on health care delivery.

INSTRUCTIONS

In this Journal entry, examine the importance and relevance of health economics and how it relates to an individual’s health. Your Journal entry should be at least 500 words, and cite appropriate references.