Health Care; Information. Today: More topics to help you think like an economist. Today. Three more “mini-lectures” Health care The economics of information Asymmetric information. Health care.
Today: More topics to help you think like an economist
(Source: AP article on CBS’ website, “Health Care Will Cost $4 Trillion by 2017,” posted Feb. 26, 2008; see readings on class website for link)
MC of information usually increases at an increasing rate
MB of information typically gets steeper as the number of units increases