Pedagogical Models

Academic materials that have proven to be helpful in illustrating significant concepts in healthcare finance and economics are presented in this section. Concise pedagogical materials may be posted in this area; others may prefer to have them cross-references to their own web site.

Professor Sam Baker in the Department of Health Administration at the Norman J. Arnold School of Public Health, University of South Carolina, is sharing with the healthcare profession a series of economics tutorials. These economics interactive tutorials are as follows:

1. Total Cost, Variable Cost, and Marginal Cost
2. Marginal Cost and the Price-Taking Firm's Optimal Output Rate
3. Average Cost and the Break-Even Output Rate
4. Demand
5. Elasticity
6. Elasticity II
7. Supply, Demand, and Equilibrium
8. Monopoly: Marginal Revenue and the Profit-Maximizing Price and Output Rate
9. Discounting Future Income
10. The Internal Rate of Return
11. Perils of the Internal Rate of Return
12. Risk
13. Risk Aversion and Insurance

Please submit other pedagogical materials for posting to Professor Tom Prince.