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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

The global health service is under change. Worldwide health expenditure has increased considerably since 2015 when the Member States of the United Nations formally approved the Sustainability Objectives. However, low-income nations have dropped behind, with just $41 expenditure on health per capita, as compared to $2,937 in high-income nations. The Health Economics and Policy online course explores the issues confronting healthcare management as well as the economic concepts that support the industry, as well as policy suggestions that might minimise system inequity.

The Health Economics and Policy training is created by professors and specialists from the Health Policy Department of LSE, which seeks to impact and enhance health policy formulation, implementation, and evaluation via collaborative teaching and research. Professionals from the Institute have contributed significantly to global health planning and delivery.

The Health Economics and Policy syllabus explains healthcare finance and universal health care, as well as the intricacies of the healthcare labor market. Candidates will eventually build a balanced perspective on social justice and health, allowing them to analyse healthcare disparities and socioeconomic factors.

The Highlights

Split option of payment
6 weeks duration
London School of Economics offering
Downloadable resources
Projects and assessments
Course provider Getsmarter
Self-paced learning
6-9 hours per week
Online learning
Shareable certificate

Programme Offerings

Case Studies
Offline resources
Infographics
video lectures
Live polls
Self-paced learning
online learning
quizzes

Courses and Certificate Fees

Certificate Availability	Certificate Providing Authority
yes	LSE

Eligibility Criteria

Certification Qualifying Details

To qualify for the Health Economics and Policy certification, Learners must finish all online education modules, submit all coursework and practice tests, and participate in academic activities such as online polls, examinations, and questionnaires, among other things. A number of classwork and presentations are used to evaluate participants' progress. Candidates must meet all of the criteria stated in the coursebook to be certified.

What you will learn

Knowledge of Economics

After the completion of Health Economics and Policy online certification, Entrants will obtain a grasp of basic economic concepts controlling the healthcare industry, such as efficiency, demand and supply, and equity, as well as a sophisticated view of healthcare finance systems and how they may be used to achieve genuine universal health coverage. Candidates will gain an understanding of the nuances of the healthcare labor industry, such as workforce shortages, workforce planning and scheduling, and external shocks, as well as a balanced perspective on social and health justice based on evaluating health disparities and dissecting the determinants of health.

Who it is for

Human Resource ManagerPharmacistHealth OfficerResearch Associate

Professionals involved in healthcare management sector analysis, policy formulation, hospital administration, and advocacy on a worldwide scale. The course is open to public health experts, healthcare administrators, social scientists, pharmacists, medical and related personnel, and policy analysts working in governments, health agencies, or non-governmental organisations.
Research associates, human resource managers, finance, and business experts interested in learning more about the economic difficulties confronting the healthcare sector.
Professionals are interested in broadening their understanding of the economic consequences of health insurance funding systems and the financial requirements of the healthcare industry.

Admission Details

To enrol in the Health Economics and Policy training online, follow the steps mentioned below:

Follow the URL to visit the official course page.
Locate the ‘Register Now’ button to start the process of enrolment
Mark the consent box to agree with the terms and conditions
Generate a profile on the providers portal by filling in personal details
Fill in the billing address and sponsor information if applicable
Pay the fee amount and start learning

The Syllabus

Indicate how pricing mechanisms relate to supply and demand
Discuss how rational consumers influence supply and demand
Determine the reasons for market failures and their impact on the market
Calculate the potential impact of pricing on supply and demand in a healthcare context

Discuss the role of health financing systems as the path towards universal health coverage
Determine the market failures that arise from private health insurance and out-of-pocket payments
Analyse the ways in which social insurance systems and funding via taxation address market failures
Assess the challenges of moral hazard in relation to health financing systems
Formulate a pathway to achieve universal health coverage

Outline the complexities of the healthcare labour market
Identify the barriers to supply within the healthcare labour market
Determine an appropriate healthcare workforce planning and forecasting model
Investigate the consequences and solutions of the shortages in the healthcare labour market
Analyse the response of the healthcare labour market to an external shock

Review different healthcare provider reimbursement systems
Discuss the advantages and disadvantages of prospective payments systems
Determine the advantages and disadvantages of a pay-for-performance system
Compare the advantages and disadvantages of different reimbursement systems

Describe the key steps and associated costs involved in producing a pharmaceutical product
Calculate the cost-effectiveness of a pharmaceutical product using QALYs and DALYs
Articulate and apply the concept of a threshold for measuring the cost-effectiveness of a pharmaceutical product
Investigate arguments in favour of and against patenting of pharmaceutical products

Articulate the difference between inequality and equity
Examine the role of the social determinants of health in generating health inequality
Interpret and calculate key measures of health inequality
Investigate the trade-off between fairness and efficiency
Justify why decisions of fairness are based on social value judgments and not just calculations

Instructors

LSE Frequently Asked Questions (FAQ's)

1: What is health economics?

Health economics is the field of health care budgeting, planning, and monitoring.

2: How does health economic study help?

Health economic studies offer decision-makers the knowledge to help them make effective use of resources in order to maximise medical benefits.

3: What are the careers in health economics and policy?

The health economics and policy careers include work in hospitals, academics, institutions, health insurance businesses, the drug industry, public authorities, and even multinational organisations.

4: What is a health economics and policy course?

The health economics and policy course teach about the relationships between sectors in the healthcare industry as well as the economic factors that shape health care.

5: What is the duration of the health economics and policy program?

The duration of the health economics and policy program is 6-9 hours/week for 6 weeks.