8th Edition

The Economics of Health and Health Care International Student Edition, 8th Edition

    752 Pages 148 B/W Illustrations
    by Routledge

    Folland, Goodman, and Stano’s bestselling The Economics of Health and Health Care text offers the market-leading overview of all aspects of Health Economics, teaching through core economic themes, rather than concepts unique to the health care economy.

    The Eighth Edition of this key textbook has been revised and updated throughout, and reflects changes since the implementation of the Affordable Care Act (ACA). In addition to its revised treatment of health insurance, the text also introduces the key literature on social capital as it applies to individual and public health, as well as looking at public health initiatives relating to population health and economic equity, and comparing numerous policies across Western countries, China, and the developing world. It provides up-to-date discussions on current issues, as well as a comprehensive bibliography with over 1,100 references. Extra material and teaching resources are now also available through the brand new companion website, which provides full sets of discussion questions, exercises, presentation slides, and a test bank.

    This book demonstrates the multiplicity of ways in which economists analyze the health care system, and is suitable for courses in Health Economics, Health Policy/Systems, or Public Health, taken by health services students or practitioners.

    Chapter 1 Introduction

    Chapter 2 Microeconomic Tools for Health Economics

    Chapter 3 Statistical Tools for Health Economics

    Chapter 4 Economic Efficiency and Cost-Benefit Analysis

    Chapter 5 Production of Health

    Chapter 6 The Production, Cost, and Technology of Health Care

    Chapter 7 Demand for Health Capital

    Chapter 8 Demand and Supply of Health Insurance

    Chapter 9 Consumer Choice and Demand

    Chapter 10 Asymmetric Information and Agency

    Chapter 11 The Organization of Health Insurance Markets

    Chapter 12 Managed Care

    Chapter 13 Nonprofit Firms

    Chapter 14 Hospitals and Long-Term Care

    Chapter 15 The Physician's Practice

    Chapter 16 Health Care Labor Markets and Professional Training

    Chapter 17 The Pharmaceutical Industry

    Chapter 18 Equity, Efficiency, and Need

    Chapter 19 Government Intervention in Health Care Markets

    Chapter 20 Social Insurance

    Chapter 21 Comparative Health Care Systems

    Chapter 22 Health System Reform

    Chapter 23 The Health Economics of Bads

    Chapter 24 The Economics of Social Capital and Health


    Sherman Folland is Professor of Economics (emeritus) at Oakland University in Rochester, Michigan, USA. He received his PhD from The University of Iowa in 1975 and has taught at Penn State University and Oakland University. He has written over 50 articles and edited several books.

    Allen C. Goodman is Professor of Economics at Wayne State University in Detroit, Michigan, USA. He received his PhD from Yale University and has taught at Lawrence University, The Johns Hopkins University, and Wayne State University. He has written over 100 articles and three books in health and housing economics.

    Miron Stano is Professor of Economics and Management at Oakland University in Rochester, Michigan, USA. He received his PhD from Cornell University in 1971 and has taught at Wayne State University and Oakland University. He has written over 70 articles and has also served as an expert witness in antitrust cases involving the health care professions.

    ‘A valuable text combining health economic theory and its application to real world issues in health care. Folland et al's text has become essential reading on the health economics postgraduate courses I have taught over the last fifteen years.’ — Steve Parrott, Reader in Health Economics, University of York, UK

    ‘When you think you've reached the end of the chapter, numerous references take you on a journey with further research - …[The Economics of Health and Health Care] that evokes respect and admiration for health economics’ — Sime Smolic PhD, Faculty of Economics & Business, University of Zagreb, Croatia

    ‘The 8th edition of The Economics of Health and Health Care provides a comprehensive survey of the field. Students in traditional economics programs as well as public health and nursing programs will appreciate the insights the book offers into the rapidly growing field of health economics.’ — J. Mick Tilford, Professor and Chair at the Department of Health Policy and Management, University of Arkansas for Medical Sciences, USA.

    ‘This comprehensive text can be adopted in whole or part for a variety of learners, from dedicated economics students to clinicians such as nurses, to engineers entering the health technology industry. Folland, Goodman, and Stano’s book offers a combination of economic theory and relevant examples that bring the issues of health economics and policy to life in the classroom.  The exceptional organization of the text lends itself to its use in short courses that don’t allow all the content to be covered, and the clear and engaging writing encourages students to continue reading after a course is completed.’ — Joanne Spetz, PhD, FAAN, Professor of Health Economics at the University of California, San Francisco