ECON 316

Health Economics

4 Undergraduate credits
Effective August 1, 1998 – Present

Graduation requirements this course fulfills

This course applies microeconomics principles to the health care services field. The role of consumer choice and firm behavior are examined in the markets for health insurance and health care. An understanding of the role of public and private financing and delivery systems is developed. The tools and techniques of economics are employed to facilitate policy, analytic and management decisions in the health care field.

Learning outcomes


  • Examine relevant topics in health care and medical services.
  • Analyze relevant articles pertaining to the field of health economics.
  • Compare health systems and trade-offs.
  • Evaluate the opportunity cost(s) of economic policy decisions related to health economics.
  • Understand health economics terminology and concepts.

Minnesota Transfer Curriculum

Goal 5: History and the Social and Behavioral Sciences

  • Employ the methods and data that historians and social and behavioral scientists use to investigate the human condition.
  • Examine social institutions and processes across a range of historical periods and cultures.
  • Use and critique alternative explanatory systems or theories.
  • Develop and communicate alternative explanations or solutions for contemporary social issues.

Summer 2020

Section Title Instructor
50 Health Economics Modahl, Stacey S Books Course details