Explanations
NHS Treatment Price Tags - An Exercise for Students
31st August 2015
Many economics teachers bring the economics of health care into their teaching at an early stage of a new course. It is a terrific issue to look at when considering the basic economic problem of unlimited wants and limited means, the factors of production used in providing health care and also the issues of opportunity cost and key decisions about who gets the care they need and how best to fund appropriate healthcare for the population.
- Economics
- Blog
- Explanations
- Health Economics
- Health rationing
- Opportunity cost
- Production possibility frontier (PPF)
- Factors of production
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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