CONCEPT OF ECONOMICS AND HEALTH

NATURE OF ECONOMICS

Current Economic Efficiency balancing marginal costs and marginal benefits

Economic Efficiency refers to the ratio

of output with the use of given input ( resource prices & quantity of product to be produced)

NATURE OF ECONOMICS

Technical Productivity maximizing the output from any given set of resource inputs

Cost Minimization choosing the least expensive set of inputs

FUNCTIONS OF AN ECONOMIC SYSTEM

Determination of what is to produce
economy must set up a system of values for different goods and services that is acceptable to the group.

decisions are made in accordance with a countrys pattern of government

FUNCTIONS OF AN ECONOMIC SYSTEM

Determination of what & how much resources are to be allocated

THEORY OF VALUE what should be produced depends upon what the people want and satisfies much deeper urges by the spending of money

MANS BASIC NEEDS

TRADITIONAL NEEDS

MODERN LIFE NEEDS

DEFINITION OF HEALTH
derived from the old English word for HEAL (hael)

which means to cure or to make whole

is a state of complete mental, physical and social well-being, and not merely the absence of illness or diseases (WHO)

is holistic and includes different dimensions

DIMENSIONS OF HEALTH
PHYSICAL HEALTH concerns the body. Genetic make up, age, developmental level, race, sex, are all part of physical dimensions.

MENTAL HEALTH positive sense of purpose and

underlying belief in ones own health.

EMOTIONAL HEALTH - concerns the ability to

express feelings, and to develop and sustain relationships

GOVERNMENT GOALS / OBJECTIVES FOR HEALTH

1. 2. Increase life expectancy Provide ideal number of health care facilities

3.

Hospitals, medical clinic, ambulance

Avail free medication & affordable prices of medicines especially to public hospitals &

clinics
4. Increase government funds for DOH

HEALTH ECONOMICS
is a scientific study of mans activity in the pursuit of achieving better quality of life by proper allocation of limited and unlimited resources

PROPER USE OF RESOURCES (Economics)

NATURE God Creature

ECONOMICS & HEALTH

PEACE AND ORDER (Respect One Another)

PRODUCTIVE OUTPUT (Environmentally Friendly)

DETERMINANTS OF HEALTH
1. Poverty e.g. malnutrition due to incapability
2. 3. Education acquisition of information suitable / not suitable for health Customs & traditions ethnic group, beliefs in quack doctors

4.

Technological advancement 4D ultrasound, ultranebulizer

DETERMINANTS OF HEALTH
5. 6. 7. Manpower doctors, nurses, MTs, X-ray tech Availability of Health Care Facilities Genetics e.g. CHD, Diabetes

HEALTH SYSTEM MODELS

1. PHYSICAL WELL-BEING Regular exercise, balance diet, drinking clean water, no vices

2.

MENTAL WELL-BEING Right education, good decision making

HEALTH SYSTEM MODELS

3. SOCIAL WELL-BEING Participation and interaction from family, society, nation

4.

SPIRITUAL WELL-BEING Personal relationship with the Creator