Health Economics

The field of economics dealing with the issues related to value, efficiency, behavior and effectiveness in the production and consumption of health and healthcare is known as health economics. Specialists in this field are called health economists. They delve into the functioning of the healthcare systems and health-affecting behaviors. They also evaluate financial information, including the costs, expenditures and charges. The existence of knowledge gap between the patient and the physician is a state of benefit for the physician, which is called asymmetric information. It is a major area of focus under this field. Some of the main branches associated with health economics include medical economics, behavioral economics and mental health economics. This book unfolds the innovative aspects of health economics which will be crucial for the progress of this field in the future. It provides significant information of this discipline to help develop a good understanding of health economics and related fields. The topics covered in this book offer the readers new insights into the field of health economics.