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2025-06-17

ADVANCED HEALTH ECONOMICS

Peking University School of Economics

Fall 2024

Instructor: Prof. QIN Xuezheng


This course aims to provide you with an in-depth understanding of the analytical framework and research frontier in health economics. With an aging population and increasing demand for healthcare resources, health economics as a relatively new branch in economics enjoyed unprecedented attention and fast growth in recent decades. In this advanced level course, we will survey the important research topics and discuss recent papers in health economics through lectures and seminar sessions.
The topics covered include the theoretical and empirical analysis of the demand for health and health care, the physician / hospital behaviors and the supply of health care, health insurance and the related issues, the pharmaceutical market and drug policy, the economic valuation of life and health, health care policy making around the world, China’s health care reforms, etc. Upon completion of the course, students are expected to be familiar with the main research subjects and tools in this field, and be able to conduct independent research on the related topics.

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PREREQUISITES:
Intermediate Microeconomics, Intermediate Econometrics. It is expected that you are already familiar with the microeconomic theory and the econometric modeling techniques before taking this course. If you are not familiar with these subjects, you
may use supplemental materials (6) and (7) in the following section for reference.

SUGGESTED TEXTBOOKS:
1) Health Economics (2013th Edition), by Jay Bhattacharya, Timothy Hyde and Peter Tu, the Red Globe Press, 2013 (Chinese version available from the Guangxi Normal University Press).
2) Health Economics (2nd Edition), by Frank Sloan and Chee-Ruey Hsieh, the MIT Press, 2017.

SUPPLEMENTAL MATERIALS:
1) The Economics of Health and Health Care (8th Edition), by Sherman Folland, Allen Goodman and Miron Stano, Routledge, 2017.
2) China's Healthcare System and Reform, by Lawton Robert Burns and Gordon Liu, Cambridge University Press, 2017.
3) The Oxford Handbook of Health Economics, by Sherry Glied and Peter Smith, Oxford University Press, 2013.
4) Handbook of Health Economics (Volume 1), by Anthony J. Culyer and Joseph
Newhouse, North Holland, 2000.
5) Handbook of Health Economics (Volume 2), by Mark Pauly, Thomas McGuire, Pedro Pita Barros, North Holland, 2012.
6) Microeconomics (9th Edition), by Robert Pindyck and Daniel Rubinfeld, Pearson Education, 2017.
7) Introductory Econometrics: A Modern Approach (7th Edition), by Jeffrey Wooldridge, Cengage Learning, 2019.

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