CONTENT OUTLINE

VII.

The Firm Production

Theory
A. The Firm Theory
1. The Production
Function
2. Factors of Production
3. Law of Diminishing
returns
4. The Cost of production
5. Break Even Analysis
6. Law of Diminishing
Marginal Utility
7. Economies of Scale
B. Factors of Health Care
Production and Cost
1. Production of Health
2. Production Function of
Health
3. Efficiencies in
Production
4. How to contain Health
care cost in the
production process

SPECIFIC OBJECTIVES
At the end of this topic
the students are
expected to :
1. understand the
firms operating
functions in the
business and health
market
2. analyzed the
different kinds of
cost, its effects and
movements
3. find out how profit
maximization are
arrived without
sacrificing
consumers utility
4. know the social
responsibility of the
business

VALUES

INSTRUCTIONAL
ACTIVITIES
Honesty
Lecture
Group Activity :
Humility
Law of
A)Diminishing
Social
Returns : Ball
Responsibi Game
lity
B) Law of
Diminishing
Utility : Food
Satisfaction
Film Showing of
local and
international
advertisements
in the television
: Customer
Satisfaction
Tide, Mentos,
Centrum,
Medical City,
Coca Cola, Pepsi
Psychology of
Consumer
Behavior

ASSESSMENT

BIBLIOGRAPHY

Presentation
and
competition
of the best
output of
Group
Activity

Geniblazo, Arturo, 2010,

Health Economics, Manila

Research
Work: Social
implication
of Cost to
Health Care

Villegas, Bernardo,
Managerial Economics

Mandel, Michael, 2012,

Economics The
Basics,USA: MC Graw Hill

http://www.britannica.co
m/EBchecked/topic/477
991/theory-ofproduction
http://www.sfecon.com/
Production.htm
http://www.economicsne
twork.ac.uk/teaching/int
eractive/principlesofmicr
oeconomics.htm

CONTENT OUTLINE

SPECIFIC OBJECTIVES

VALUES

VIII. Equity in the Distribution

of Health Care
A. Three Basic Problems
in Health Economics
B. Health Inequality :
Indicators, Causes and
Effects
C. Income Inequality,
Lorenz Curve and Health
Status
D. Social factors which
contributes to differences
in health utilization
E. Equity in the
Distribution of Health Care
F. Equity and Pareto
Efficiency
G. Equity in the
Distribution of Health Care
1.Utilitarianism
2.Equality of health
3.Equality of Expenditure
4.Equality of the use for
equal need
5.Equality of access for
equal need
6. Rawlsian Maximin
H. Healthcare Inequalities
current statistical data

At the end of this topic

the students are
expected to :

Social
Justice

1. discuss the issues or

factors that may affect
the distribution of health
care
2. determine the factors
that signify that
equitable distribution of
health is infinite
3. find out how health
care resources are
distributed
4. determine the
existence of inequalities
in the health market i.e.
Philippines

INSTRUCTIONAL
ACTIVITIES
Research Work
Lecture

ASSESSMENT

BIBLIOGRAPHY

Presentation
to class of
research
output

Barrett, Stephen, et al,

2007, Consumer Health

Film Showing
Socio-Economic
Factors
which Causes
Inqualities in
Slovenia
Distibution of
Health Care
in Kenya and
Gernamany
Best and Worst
Health Status
and System
in the World

Group
Discussion
about the
film
Short quiz

Geniblazo, Arturo, 2010,

Health Economics, Manila
Morris, Stephen, et al,
2007,2nd Edition,
Economic Analysis in
Health Care
Morris, Stephen, 1998,
Health Economics for
Nurses,
Sloan, F,1995, Valuing
Health Care
Mandel, Michael, 2012,
Economics The
Basics,USA: MC Graw Hill

CONTENT OUTLINE

SPECIFIC OBJECTIVES

VALUES

IX. Financing Health Care

1. Different Approaches to
Health Care
2. Prices of Health Care
3. Effects of Health Care Cost
4. Managing Health Care Costs
: Individuals and Country
5. Different Ways of Financing
Health Care : Direct or Out of
the Pocket Payment, General
Taxation, Public Health
Insurance, Private Health
Insurance, Preferred Provider
Organization and HMO
6. Local & International
comparisons of the Different
Health Care System
X. Health Insurance
A. Basics Health of Insurance
1. The market for Health
Insurance
2. Demand and Supply
3. Uncertainty
4. Pay Offs
B. Public and Private Health
Insurance

At the end of this topic

the students are
expected to :
1. understand the ideals
and realities of health
cost
2. find out how cost can
be contained
3. identify the extent and
appropriate system of
financing health care

Self
Reliance
Charity

INSTRUCTIONAL
ACTIVITIES
Lecture
Group Research
Work : Best
Health Programs
of the
Government of
Different
Countries
Case Study

ASSESSMENT

BIBLIOGRAPHY

Reaction
Paper

Morris, Stephen, et al,

2007,2nd Edition,
Economic Analysis in
Health Care

Submission
and
Reporting of
Research
Work
Quiz

Getzen, T. ,1997, Health

Economics
Morris, Stephen, 1998,
Health Economics for
Nurses

Film Showing

At the end of this topic the

students are expected to :
1. examine the problems of
uncertainty on the market
for health care
2. define the nature of
health insurance
3. appreciate through the
computation of
insurance premium the
advantage and
disadvantages of health
insurance

Unity
Self
Reliance

Class organized
Symposia :
Insurance
Companies in
the Philippines
Lecture
Film Showing

Attendance
and
Reaction
Paper of the
topics
discussed in
symposia
Seatwork
Quiz

https://www.jnj.com/site
s/default/files/pdf/finan
cing-health-care.pdf
Morris, Stephen, et al,
2007,2nd Edition,
Economic Analysis in
Health Care
Morris, S (1998), Health
Economics for Nurses