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Health

Health economics (JEL I1) covers the economics of health and health care.

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Scope

It includes the demand for health, health-care markets and insurance, health-system organization, and health outcomes and policy.

Sub-topics

Core questions

  • What determines health and the demand for health care?
  • How do health-care markets and insurance work?
  • How should health systems be organized?

Key concepts

  • Demand for health
  • Health insurance
  • Moral hazard
  • Health-care markets
  • Health policy

Related topics

Frequently asked questions

Why are health-care markets special?
Pervasive uncertainty and asymmetric information create insurance and market-failure problems not found in ordinary markets.

Methods for this concept

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