Introductory Algebra plus MyMathLab Student Access Kit / Edition 9

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• Output of the Health Care Sector
• Economic Dimensions of the Health Care System
• Demand for Medical Care: A Simple Model
• Demand for Medical Care and Insurance: Additional Topics
• Behavior of Health Care Costs
• Behavior of Supply
• Competitive Markets
• Market Power in Health Care
• Models Specific to Health Care Markets
• Value Judgments and Economic Evaluation
• Public and Private Health Insurance
• The Economics of Regulation
• Competition Policy in Health Care
• Economic Measurement: Cost-Benefit and Cost-Effectiveness Analysis

The book contains black-and-white illustrations.

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Editorial Reviews

From The Critics
Reviewer: Malathi Srinivasan, MD(University of California Davis)
Description: The authors have written a concise, clear primer on healthcare economics. The book develops major themes in descriptive, explanatory, and evaluative economics and can be easily understood by the noneconomist. It highlights the objectives to be learned at the beginning of each chapter, reviews the material, and provides a series of questions at the end of each chapter to reinforce key points.
Purpose: This introductory book provides an economic approach to understanding healthcare issues affecting our population, using scarcity as a driver of healthcare needs. It focuses on how to do economics, and in thinking about healthcare economics in a systematic fashion. This book, now in its fifth edition, is a much-needed update in the instruction of healthcare economics for the noneconomist. It provides physicians and other healthcare providers a straightforward method of framing the complex economic issues surrounding healthcare delivery and healthcare outcomes.
Audience: This is a primer. Thus, the audience includes any noneconomist who is interested in understanding economic principles. As a physician and a health services researcher, I personally found the book useful, and logically laid out. It should be easy to incorporate elements of this book into a curriculum for medical students and residents. The authors did not provide any biographical data, other than their institutional affiliation — two pages on author identification would be useful in subsequent editions. However, these authors are known in the field of healthcare economics and are credible.
Features: The book covers three major domains of healthcare economics: descriptive, explanatory and evaluative methods. Much like the health services research models with input —> process —> output, this framework is recognizable and easy to follow. This book is useful for several reasons. It emphasizes an understanding of the concept for each section without excessive detail. Each chapter follows the classical educational technique of "foretelling, telling, then recapping." Learning objectives are clearly laid out. Questions/exercises at the end of the chapter track with the content of the chapter, and are illustrative. References are relevant. The diagrams are simple and there is minimal use of equations. This lack of mathematics/equations may offend economic purists, but the noneconomist is still able to see the relationships described based on the text description. The economic principles are described with clear examples, and a progressive disclosure method is used to build up increasingly complex models. There is always a tension in these introductory books between breadth and depth. However, for its stated purposes, there are no major shortcomings of this book.
Assessment: This book fills a unique niche as a healthcare economics primer for noneconomists. It is a standard textbook used in many institutions. This book is more readable than other, more technical books in the area, yet it does not oversimplify the material, nor does it talk down to the audience.
From The Critics
The new edition of this text (dates of previous editions are not stated) continues its mission as an introduction that assumes no economics background. With the aim of teaching students how to think about economic problems in a systematic way, Jacobs (public health services, U. of Alberta, Canada) and Rapoport (economics, Mt. Holyoke College, Mass.) divide material into sections on descriptive, explanatory, and evaluative economics; and coverage includes the various tools used in economic analysis and evaluation. Among the new or expanded topics in this edition: the population-based approach, including international comparisons; agency theory and the applications of principal-agent analysis; the consumerism movement and its economic and policy implications; labor markets and health insurance markets; and cost effectiveness, cost utility, and cost-benefit analysis. Annotation c. Book News, Inc., Portland, OR (
New edition of a solid textbook assuming only high school-level math and no previous economics study. For courses in public health, health care administration, and related topics. Annotation c. Book News, Inc., Portland, OR (

4 Stars! from Doody
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Product Details

  • ISBN-13: 9780321576460
  • Publisher: Pearson
  • Publication date: 4/29/2009
  • Edition description: Older Edition
  • Edition number: 9
  • Product dimensions: 8.50 (w) x 10.80 (h) x 1.00 (d)

Table of Contents

Ch. 1 Output of the health care sector 17
Ch. 2 Economic dimensions of the health care system 35
Ch. 3 Demand for medical care : a simple model 55
Ch. 4 Additional topics in the demand for health and medical care 80
Ch. 5 Health care production and costs 96
Ch. 6 Behavior of supply 126
Ch. 7 Provider payment 147
Ch. 8 Competitive markets 174
Ch. 9 Market power in health care 202
Ch. 10 Health insurance 228
Ch. 11 The labor market 248
Ch. 12 Value judgments and economic evaluation 269
Ch. 13 Financing health care 291
Ch. 14 Public health insurance 307
Ch. 15 Reform of the health care market 330
Ch. 16 Regulation and antitrust policy in health care 350
Ch. 17 Economic evaluation of health services 374
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