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The Economics of Health and Health Care


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Table of Contents

Chapter 1 Introduction Chapter 2 Microeconomic Tools for Health Economics Chapter 3 Statistical Tools for Health Economics Chapter 4 Economic Efficiency and Cost-Benefit Analysis Chapter 5 Production of Health Chapter 6 The Production, Cost, and Technology of Health Care Chapter 7 Demand for Health Capital Chapter 8 Demand and Supply of Health Insurance Chapter 9 Consumer Choice and Demand Chapter 10 Asymmetric Information and Agency Chapter 11 The Organization of Health Insurance Markets Chapter 12 Managed Care Chapter 13 Nonprofit Firms Chapter 14 Hospitals and Long-Term Care Chapter 15 The Physician's Practice Chapter 16 Health Care Labor Markets and Professional Training Chapter 17 The Pharmaceutical Industry Chapter 18 Equity, Efficiency, and Need Chapter 19 Government Intervention in Health Care Markets Chapter 20 Social Insurance Chapter 21 Comparative Health Care Systems Chapter 22 Health System Reform Chapter 23 The Health Economics of Bads

Chapter 24 The Economics of Social Capital and Health

About the Author

Sherman Folland is Professor of Economics (emeritus) at Oakland University in Rochester, Michigan, USA. He received his PhD from The University of Iowa in 1975 and has taught at Penn State University and Oakland University. He has written over 50 articles and edited several books. Allen C. Goodman is Professor of Economics at Wayne State University in Detroit, Michigan, USA. He received his PhD from Yale University and has taught at Lawrence University, The Johns Hopkins University, and Wayne State University. He has written over 100 articles and three books in health and housing economics. Miron Stano is Professor of Economics and Management at Oakland University in Rochester, Michigan, USA. He received his PhD from Cornell University in 1971 and has taught at Wayne State University and Oakland University. He has written over 70 articles and has also served as an expert witness in antitrust cases involving the health care professions.


`A valuable text combining health economic theory and its application to real world issues in health care. Folland et al's text has become essential reading on the health economics postgraduate courses I have taught over the last fifteen years.' - Steve Parrott, Reader in Health Economics, University of York, UK

`When you think you've reached the end of the chapter, numerous references take you on a journey with further research - ...[The Economics of Health and Health Care] that evokes respect and admiration for health economics' - Sime Smolic PhD, Faculty of Economics & Business, University of Zagreb, Croatia `The 8th edition of The Economics of Health and Health Care provides a comprehensive survey of the field. Students in traditional economics programs as well as public health and nursing programs will appreciate the insights the book offers into the rapidly growing field of health economics.' - J. Mick Tilford, Professor and Chair at the Department of Health Policy and Management, University of Arkansas for Medical Sciences, USA. `This comprehensive text can be adopted in whole or part for a variety of learners, from dedicated economics students to clinicians such as nurses, to engineers entering the health technology industry. Folland, Goodman, and Stano's book offers a combination of economic theory and relevant examples that bring the issues of health economics and policy to life in the classroom. The exceptional organization of the text lends itself to its use in short courses that don't allow all the content to be covered, and the clear and engaging writing encourages students to continue reading after a course is completed.' - Joanne Spetz, PhD, FAAN, Professor of Health Economics at the University of California, San Francisco

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