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

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