Economics is a large driver of what happens in the health sector. The course provides an understanding of the economic drivers that effect patients, providers, and payers across the health-related industries. As a leader in these industries, it is important to understand and anticipate the economic challenges of spending growth, expensive new technologies, and how payment reform can promote lower cost high quality care. The course includes an overview of economic principles, including supply and demand and perfect markets, and explores the economic challenges of healthcare economics and how health and health services are different from other goods. Considerable attention is given to topics of current public concern, including market failure, government interventions, health insurance, rapidly increasing cost, value, and expensive new technologies.