Basic Tools of Economic Analysis

Basic Tools of Economic Analysis equips Zambian tertiary students with the core analytical framework used in health economics. This topic delves into microeconomic and macroeconomic principles, distinguishing between positive and normative economics, and introducing supply and demand dynamics, market equilibrium, and opportunity cost. It is vital for students in diploma, degree, and professional programs related to health policy, management, and economics. The module covers production functions, efficiency, cost-effectiveness analysis, and market failures such as externalities, with specific applications to healthcare contexts like vaccinations and pollution. Understanding these tools is essential for conducting rigorous economic evaluations of health programs and policies in Zambia, analyzing resource allocation within the NHIMA framework, and preparing for university examinations. This knowledge directly enhances a learner's ability to contribute to efficient and equitable health system planning and management in the Zambian context.