Part+1+-&nbsp;Health+Economics

Definition of Economics - What is value? Marginal value?

What is Health?

Opportunity cost? What are explicit and implicit costs? What is the biggest cost of going to medical school? Costs - What are direct costs, direct non-medical costs, indirect costs?

Production Possibilities curve. What does a production possibilities curve show? What will shift them? What will cause you to be inside them?

Regression analysis - What do the parameters mean? What is R-squared? What is a t-test? How is it used in health care?

Utility - What is utility? Marginal Utility? How does health affect utility?

What is medical care?

Production of health - Total product, marginal product, law of diminishing marginal productivity. What is Flat of the curve medicine? What will shift the total product curve? What causes movements along the curve? What are the major determinates of health including non elderly adults, the elderly, children, etc Include links to health care statistics