Health Economics is a field that studies how resources are allocated in the healthcare sector. It examines the efficiency, effectiveness, value, and behavior in the production and consumption of health and healthcare. By analyzing costs and outcomes, health economists aim to improve health systems and inform policy decisions.
This discipline also focuses on understanding the economic impact of health policies and interventions. It helps stakeholders, including governments and healthcare providers, make informed choices about resource allocation, ultimately aiming to enhance health outcomes while controlling costs.