Economics of Health — DU B.A. (Hons.) Economics Previous Year Question Papers

(Altempt all questions) 1. Health is often viewed as a source of income and well-being across individuals and countries. However, income is a crucial factor in determining health outcomes. Discuss the bi-directional causality between the two. (15) 2. There is a causal pathway from Socio-Economic Status (SES) to health. However, it can also be sald that sEs differences are caused by disparities in health. Do you agree? (`15) 3. Discuss the nature of market failure in healthcare. In your answer, address issues such as extemalities, information asymmetry, and physician-induced demand. ( 15) 4. State the individual's optimisation problem in Grossman's model of Health Production. What is the impact of an increase in the wage rate on the optimal level of health capital? 5. a. How does cost-benefit analysis help in selecting the optimal treatment from the available cost-effective treatments? b. Calculate the Incremental Cost-Effectiveness Ratio (ICER) between targeted screening and universal screening for disease detection. Treatment Strategy Cost per patient Average Life Expectancy Targeted $ 41,417 20 years Universal $ 41,850 21 years Interpret the ICER obtained. (10+5) 5. India is the third largest economy in to remain De Vation in plaP) c+10 7. What are user charges for health care? How do user-charges address the issue of raising (5+10) revenue in Low and Middle-Income countries?