Experiment:
Students will take part in experiments that imitate real-world situations and economic decision-making processes in the healthcare industry in order to promote a hands-on learning environment. Students will be able to apply economic principles, evaluate results, and comprehend the effects of various health care financing and resource allocation strategies thanks to these exercises. These are some examples of experiments:
Game of Allocating Resources: In this game, students must decide how to distribute a finite amount of resources. To identify the best resource allocation within a limited budget, they will need to take into account elements including population health needs, cost-effectiveness, and equity.
b. Insurance Market Simulation: Through this simulation, students will be able to examine the health insurance market’s dynamics. As well as analysing the effects of various policy interventions on market outcomes, they will look at the trade-offs between coverage, premiums, and risk pooling.
Research:
Research assignments will be given to students to help them better grasp specific aspects of Canadian health care economics. These assignments will promote independent investigation and provide students the chance to hone their analytical and research skills. Research projects may cover the following subjects:
a. Comparative Analysis of Health Care funding Models. Students will examine and contrast several health care funding models used in Canada and other nations. They will evaluate each model’s benefits, drawbacks, and effects on care access, cost, and quality.
b. Analysis of Health Technology Assessment: Students will perform an in-depth analysis of Canadian health technology assessment procedures. In addition to the effect on health outcomes, they will look at the economic factors involved in determining the value and cost-effectiveness of medical interventions.
Discussion:
Students will take part in regular discussion groups centred on significant issues and case studies relevant to Canadian health care economics in order to promote collaborative learning and critical thinking on Mattermost. These talks will give students a forum to examine various viewpoints, analyse actual situations, and compare and contrast various strategies. Possible discussion subjects include:
a. Students will research the function of public and private sector participation in the Canadian healthcare system under the heading of “Public-Private Partnership in Health Care.” They will talk on the benefits, drawbacks, and prospective effects of greater private sector involvement on access, equity, and efficiency.
b. Students will learn about the difficulties related with medication cost and access in Canada. They will examine how affordability, innovation, and patient outcomes are affected by patent protection, generic medicine legislation, and differences in international pricing.