Hsmu 135:Principles Of Health Care Economics Question Paper
Hsmu 135:Principles Of Health Care Economics
Course:Health Management System
Institution: Kenya Methodist University question papers
Exam Year:2011
FACULTY OF HEALTH SCIENCES
DEPARTMENT OF HEALTH SYSTEM MANAGEMENT AND MEDICAL EDUCATION
DURATION: 3 HRS
INSTRUCTIONS: 1. Answer ALL Questions in Section A and TWO in Section B 2. Write your University ID on ALL scripts 3. Use only blue, black ball point or ink
SECTION A
Question 1
Briefly explain the meaning of the following economic terminologies
a) Need (2marks)
b) Demand (2marks)
c) Supply (2marks)
d) Want (2marks)
e) Choice (2marks)
Question 2
a) State the laws of demand and supply. (5marks)
b) Explain how a market equilibrium is reached. (5marks)
Question 3
Explain the following types of costs in economics. (10marks)
a) Marginal cost
b) Average cost
c) Social cost
d) Opportunity cost
e) Total cost
Question 4
Mention five non-economic factors that affect demand for goods and services. (10marks)
Question 5
Briefly explain the following market conditions in health care markets
a) Information asymmetry (5marks)
b) Principle – agent relationship (5marks)
Question 6
State five factors that affect supply of medical products and services. (10marks)
SECTION B
Question 7
Discuss the merits and demerits of the cost-sharing program in Kenya. (20marks)
Question 8
Explain the concept of market failure in economies and whether or not the health care market can be a perfect market. (20marks)
Question 9
Discuss the challenges facing developing countries with respect to health care financing. (20marks)
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