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This course covers economic models to understand the determinants of health, the demand for health services, the market supply of health services in competitive and non-competitive markets, the provision of health insurance, access to prescription drugs, and the process of innovation and diffusion in health. It exposes the students to the main market failures in healthcare as well as analyzes health policy options to solve these market shortcomings. The course provides an overview of recent advances in the field of health economics in the areas of research methods, data analysis, and well-establish findings while including the discussion of unsolved issues in the field. Recommended background: AS.180.289