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Health Economics, 4/E
Charles E. Phelps, University of Rochester

ISBN-10: 0321594576
ISBN-13:  9780321594570

Publisher:  Prentice Hall
Copyright:  2010
Format:  Paper; 656 pp
Published:  02/10/2009
Status: Instock


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Description

Health Economics combines current economic theory, recent research, and health policy problems into a comprehensive overview of the field. This thorough update of a classic and widely used text follows author Charles E. Phelps’s 13 years of service as Provost of the University of Rochester.

Accessible and intuitive, early chapters use recent empirical studies to develop essential methodological foundations. Later chapters build on these core concepts to focus on key policy areas, such as the structure and effects of Medicare reform, insurance plans, and new technologies in the health care community.

In the Fourth Edition, a new focus on lifestyle choices—such as alcohol consumption, obesity, and tobacco use—explores how individual choices affect everyday health and the health care system at large. The latest theoretical developments, Medicaid and SCHIP, insurance plans, new technologies, international comparative studies, and policy updates are integrated where appropriate.


Features

  • New! Learning Goals begin each chapter with a bulleted list of topics to be covered so students receive an overview of the core concepts.
  • Boxes further explain economic concepts mentioned in the text.
  • End-of-chapter material includes a summary, related references in the classic Handbook of Health Economics, and an expanded set of problems. Suggested answers to select end-of-chapter problems are available on the Companion Website.
  • An Introduction to Basic Economics Concepts is provided as an appendix to guide students through all the basics they need to know for their health economics course, making the book more accessible to non-majors and lower-level health courses.
  • The online resources make the course easier to teach, including:
    • An Online Instructor’s Manual; and
    • Companion Website with self-quizzes, links to relevant and timely health economics sites, and answers to select end-of-chapter problems.


New To This Edition

  • Because currency is critical in the ever-changing field of health, data and overall topic coverage are fully updated with modern figures and discussions, including changes in medical care prices, new technologies, and drug trials.
  • A new lifestyle theme discusses how individual choices affect everyday health and the health care system at large. A heavily revised and expanded Chapter 2, Utility and Health, introduces this theme and discusses alcohol consumption, obesity, and tobacco use. Later chapters discuss insurance plan design, new technologies, and cost-benefit analyses of people’s health care choices.
  • A new discussion of how medical care affects health is included in Chapter 3. Examples include advanced surgeries and drug trials.
  • New coverage on the equilibrium cost pass-through is included in Chapter 7. The presentation of Dranove and Satterthwaite’s model explains the effects of quantity and quality on supply and demand.
  • New material on managed care as well as important tools for expenditure control in managed care costs is included in Chapter 11.
  • The regulation discussion (Chapter 15) is revised and streamlined, focusing less on price control regulation and instead emphasizing insurance plans, new technologies, and cost-benefit analyses of individuals’ choices.
  • Global health care is integrated throughout. International comparative studies provide insight into how other countries, especially in Asia, deal with health care issues. Discussions of how the U.S. might use this data to change the American health care system follow.
  • End-of-chapter problems are reordered and expanded. Quantitative problems now appear at the beginning of the problem set, and are sorted by level of difficulty from lowest to highest. Discussion questions follow, making it easier to assign homework tailored to each instructor’s approach.


Table of Contents

1. Why Health Economics?
2. Utility and Health
3. The Transformation of Medical Care to Health
4. The Demand for Medical Care: Conceptual Framework
5. Empirical Studies of Medical Care Demand and Applications
6. The Physician and the Physician Firm
7. Physicians in the Marketplace
8. The Hospital as a Supplier of Medical Care
9. Hospitals in the Marketplace
10. The Demand for Health Insurance
11. Health Insurance Supply and Managed Care
12. Government Provision of Health Insurance
13. Medical Malpractice
14. Externalities in Health and Medical Care
15. Managing the Market: Regulation and Technical Change in Health Care
16. Universal Insurance Issues and International Comparisons of Health Care Systems

Author's Postscript
Appendix: Introduction to Basic Economics Concepts
Bibliography
Acknowledgments
Index


Previous Edition(s)

  • Health Economics, 3/E
    Phelps
    ©2003  |  Prentice Hall  |  Paper; 688 pp  |  Out of Print
    ISBN-10: 032106898X  |  ISBN-13: 9780321068989
    Brief Description  |  More Info



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Reviews

“Although other excellent textbooks have appeared since the first edition, Phelps remains the gold standard.”
—Alan Garber, Stanford University

“It is an excellent book, well written, clear, provides both a good understanding of the structure of the health care system and the stakeholders, and presents economic analyses to explain their behavior.”
—Dana Mukamel, University of California–Irvine

“I think the text is well organized. …It is more a story than a textbook in some places, and I like that feature. It is as if Phelps has taken what he knows that is appropriate for an undergraduate audience and written it down and we can just upload it. Rather than an encyclopedic attempt at covering the field (which I think many textbooks attempt, and I find less engaging).”
—Shirley Svorny, California State University–Northridge

“The greatest strength of this text is its emphasis on current research. In each chapter, Phelps includes concise and meaningful citations to the latest and most important research.”
—Jeffrey Milyo, Tufts University


Author Bios

Charles E. Phelps went to the University of Rochester in 1984 as professor and director of the Public Policy Analysis Program, a graduate program offered by the Department of Political Science, in conjunction with the Department of Economics. In 1989 he became chair of the Department of Community and Preventive Medicine in the School of Medicine and Dentistry. He became Provost in July 1, 1994, and served until July 31, 2007. As Provost, he was responsible for overseeing the academic activity of the University, including teaching, research, and supporting services (e.g., libraries, information technology, and technology transfer) in each of the University's six schools. He currently holds the titles of University Professor and Provost Emeritus.

Phelps has achieved national and international recognition for his scholarly research. In 1991 he was elected to the Institute of Medicine of the National Academy of Sciences and to the National Bureau for Economic Research. He served for six years on the Report Review Committee of the National Academies.

Phelps is currently a Fellow at the Center for Advanced Studies in the Behavioral Sciences at Stanford University (academic year 2008–2009).

Provost Emeritus Phelps participated from 1997 to 2007 in the Association of American Universities’ Committee on Digital Technology and Intellectual Property Rights, and was an active participant in the AAU's work in areas involving related topics. He testified before Congress in June 1998 on issues pertaining to the implementation of the World Intellectual Property Organization (WIPO) treaty and has spoken on related matters in conferences on these issues sponsored by, among others, the Department of Commerce. In July 2005, he testified on Patent Reform for the Senate Judiciary Committee's Subcommittee on Intellectual Property.

Provost Emeritus Phelps earned his bachelor’s degree from Pomona College in Claremont, California. He then earned both an MBA in hospital administration and PhD in economics from the University of Chicago. Before beginning his career at the University of Rochester, Phelps worked at the RAND Corporation from 1971 to 1984.

Phelps served from 1998–2006 on the Board of Trustees for the Council on Library and Information Resources (CLIR) in Washington, DC, the last two years as Chair. He currently serves on the Board of Trustees of the Center for Research Libraries in Chicago, and on the Board of Directors of VirtualScopics, Inc., a diagnostic-imaging technology company located in Rochester, New York. He also serves as an advisor to CVT, a pharmaceutical company in Palo Alto, California.

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Websites and Online Courses

Companion Website for Health Economics, 4/E
Phelps
©2010  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321613260  |  ISBN-13: 9780321613264
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Instuctor's Manual for Health Economics, 4/E
Phelps
©2010  |  Prentice Hall  |  On-line Supplement; 80 pp  |  Live
ISBN-10: 0321613279  |  ISBN-13: 9780321613271

Show Downloadable Files
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Powerpoint Presentation (Download only) for Health Economics, 4/E
Phelps
©2010  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0132110482  |  ISBN-13: 9780132110488

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Exam Copy for Health Economics, 4/E
Phelps
©2010  |  Prentice Hall  |  Cloth Package  |  Instock
ISBN-10: 0321613295  |  ISBN-13: 9780321613295
More Info

Companion Website for Health Economics, 4/E
Phelps
©2010  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321613260  |  ISBN-13: 9780321613264
More Info

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Websites and online courses

Companion Website for Health Economics, 4/E
Phelps
©2010  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321613260  |  ISBN-13: 9780321613264
More Info


Websites and Online Courses

Companion Website for Health Economics, 4/E
Phelps
©2010  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321613260  |  ISBN-13: 9780321613264
More Info

Print this content

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    Phelps
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