Units / HEC5970
HEC5970 · Introduction to health economics
2026 Handbook6 credit pointsLevel 5Centre for Health Economics
Last checked: 23 Aug 2026 UTCOverview
This unit provides an understanding of the microeconomic approach to resource allocation, both in general and specifically, in relation to the health sector. It introduces you to the use of economic tools in the analysis of the 'market' for health care in terms of efficiency and equity. It also provides an analytical framework for assessment of the Australian health care system, and health policy generally, from an economic perspective.
Offerings
| Campus | Teaching period | Mode |
|---|---|---|
| Caulfield | First semester | Teaching is all online (ONLINE) |
Assessment
The Handbook lists an examination for this unit.
| # | Assessment | Type | Weight | Hurdle |
|---|---|---|---|---|
| 1 | 1 - Quiz / Test | Quiz / Test | 10% | — |
| 2 | 2 - Examination | Examination | 50% | — |
| 2 | 2 - Written | Written | 40% | — |
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Requisites
The Handbook lists no prerequisite, corequisite or prohibition for this unit.
Learning outcomes
- understand basic microeconomic concepts and their application to the health sector
- understand role, limitations and usefulness of economic analysis and economics as a way of thinking, particularly when applied to the health care sector
- understand organisation and delivery of health services from an economic perspective
- understand the Australian Health Care system from an economic perspective, including an analysis of the reasons for growth in expenditure.
Workload
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
Ask about HEC5970
Answered from the Handbook fields above — no AI, no guessing. Every answer links back to the source.
Community discussions about HEC5970
CommunityStudent experience, not official rules. Nothing here changes what the Handbook says.