Demand, Supply, and Market Equilibrium in Health

This topic applies core microeconomic principles of demand, supply, and market equilibrium specifically to the health sector, a fundamental module for health economics students at Zambian colleges and universities. Learners will analyze health demand curves, factors causing shifts in demand and supply, and the determination of equilibrium prices and quantities in contexts like consultations and medical goods. It also covers price elasticity of demand and its implications for policy, such as taxation on harmful goods. Understanding these market dynamics is crucial for Zambian tertiary students to analyze healthcare access issues, predict the impacts of policy changes, and prepare for examination questions on market failures and government interventions in health.