Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. ... Health economists evaluate multiple types of financial information: costs, charges and expenditures.
Health Economics is an applied field of study that permits for the systematic and rigorous examination of the issues faced in promoting health for all. By applying economic theories of consumer, producer and social choice, health economics aims to know the behavior of people , health care providers, public and personal organizations, and governments in decision-making.
Health economics is employed to market healthy lifestyles & positive health outcomes through the study of health care providers, hospitals and clinics, managed care and public health promotion activities. The MHS in Global Health Economics course of study within the Department of International Health at the Johns Hopkins Bloomberg School of Public Health uses health economic principals to deal with global issues like migration, displaced persons, global climate change , vaccine access, injuries, obesity and pandemics.