Prerequisite(s): ECON 101 or ECON 102. This course focuses on the economics of healthcare services including hospitals, pharmaceutical companies, physicians, and health insurance companies. It explores the unique features of the healthcare market, and shows how the price and consumption of healthcare products are determined by the interactions between physicians, hospitals, insurance companies, and patients. In addition, students examine a wide range of economic concepts that explain the unique nature of the healthcare industry, and discuss methods that aim to improve the healthcare system.