PhD in Applied Economics - Health Economics in Minneapolis United States | University of Minnesota Twin Cities

The field of Health Economics examines how prices and quantities of limited healthcare resources are established, along with how these resources are allocated. Healthcare markets possess unique traits such as irregular and uncertain disease occurrence, external impacts, information imbalances among patients, insurers, and providers, prevalent third-party payer systems, limited market competition, monopsony in labor markets, and supplier motivations beyond profit. Innovative research in this area often focuses on understanding the consequences of these distinctive features. Health economics frequently employs econometric techniques to analyze how these factors influence pricing mechanisms and resource allocation patterns.