This module aims to equip non-economists with a basic understanding of health economics, its value and limitations. The module will cover fundamental economic principles and their application to health care. These will include concepts of opportunity cost, supply and demand, and efficiency, as well as the economic evaluation of health care interventions using techniques such as cost effectiveness analysis, cost utility analysis and cost benefit analysis. The unit will also examine how economic principles can be applied to system level health policy issues such as health care priority setting, alternative models of health care financing and organisation, and equity and inequalities in health.