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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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