Health economists study the supply and demand of health care resources and the effect of health services on a population. For example, they investigate:
- the cost, value, effectiveness and benefits of health systems and services
- how healthcare is used, funded and delivered
- how health services affect people’s health outcomes and quality of life
Health economists consider these questions from various angles. For example, a macro-economic or ‘big picture’ analysis might look at national spending decisions over the course of several years. A micro-economic analysis might look at the treatment decisions taken by health professionals in a particular hospital.