Available in 2022
Course code



10 units


6000 level

Course handbook


Health economics is the application of economic principles to health and healthcare. Students apply core concepts of supply and demand theories to health and healthcare examples and learn about the importance of information (and information asymmetry) in health care markets; the critical role of insurance; hospital financing and delivery; and private/public mix in finance and provision of healthcare. In this course students are introduced to key conceptual frameworks of healthcare economics and decision making, and examine how Australian and international healthcare systems are designed and organised, including the critical components of long-term care and pharmaceutical markets.



  • Semester 2 - 2022
  • Trimester 3 - 2022

Newcastle City Precinct

  • Semester 2 - 2022
  • Trimester 3 - 2022

Learning outcomes

On successful completion of the course students will be able to:

1. Understand the economic concepts relevant to health and healthcare.

2. Identify the key economic trade-offs involved in different healthcare allocation decisions and analyse the implications for payers, providers and consumers.

3. Critically examine the economic rationale associated with trends in health system development.

4. Critically evaluate the effects of a health policy or intervention.

5. Understand how health economics/policies can be used to address specific types of market failure.

6. Apply analytical skills to interpret, analyse and synthesise data from a variety of sources and communicate information effectively.


The course comprises the following five modules:

1.    An introduction to conceptual frameworks and principles of Health and Healthcare Economics.

2.    Health Insurance and Financing.

3.    Healthcare Systems Design and Organisation.

4.    An introduction to Health Economic Evaluation.

5.    Equity and Socioeconomic Disparities. 


If you have successfully completed PUBH6250 you cannot enrol in this course.

Assessment items

Case Study / Problem Based Learning: Problem Based Learning Assignment

Report: Report Critique

Written Assignment: Policy Evaluation

Contact hours

Newcastle City Precinct


Face to Face On Campus 36 hour(s) per Term Full Term starting in week 1

Face to face 36 hours per term or online equivalent.


Online Activity

Online 36 hour(s) per Term Full Term starting in week 1

The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.