An approachable beginner’s guide to health economics that brings the economist’s way of viewing the world to bear on the fundamentals of the US healthcare system. The conversational writing style, with occasional doses of humour, allows students to see how applicable economic reasoning can be to unpacking some of the sector’s thorniest issues, while accessible real-world examples teach the institutional details of healthcare and health insurance, as well as the economics that underpin the behaviour of key players in these markets. Many chapters are enhanced by ‘Supplements’ that offer how-to guides to tools commonly used by health economists, and economists more generally. They help form the basic ‘economist’s toolbox’ for readers with no prior training in economics, and offer deeper dives into interesting related material. A test bank and lectures slides are available online for instructors, alongside additional resources and readings for students, taken from popular media and health care and policy journals.

Author Biography

Andrew Friedson is Director of Health Economics for the Research Department at the Milken Institute. Prior to this he taught undergraduate and graduate health economics at the University of Colorado Denver for over a decade. He has received numerous teaching and research award nominations, and won the 2015 National Tax Association’s Richard Musgrave Prize, as well as an Impact Award as part of CU Denver’s 2021 Pandemic Research and Creative Activities Awards. His research on public health insurance, cost of care provision, medical malpractice, risky health behaviours, and public health regulations has been covered in media outlets such as The New York Times, The Wall Street Journal, Newsweek, and The Economist, as well as academic publications including Health Economics, the Journal of Human Resources, and the Journal Health Economics.

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