Health Economics SBS-MSC Assignment

Assignment Task

Questions

1. Explain the different types of health valuation. Is it better to measure or to value?

2. According to the marginal analysis, determine the optimal quantity of leg surgeries and briefly explain.

3. Suppose that, in starting a new business, you leave your current job at a healthcare company that pays you $5,000 per month (including all benefits). After one year with no gains, the startup starts making a profit of $6,000 per month. How long will it take you to be economically profitable, explain using the concept of opportunity cost in this context.

4. Explain the benefits of international cooperation against infectious diseases. Take the example of an infectious disease of your choice.

5. Discuss the concept of externality in health care using the example of cigarettes smoking. Why is the UK government pushing to reduce consumption in the population? Using real examples show the different types of incentives that have been applied to decrease cigarettes consumption.

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