The course seeks to equip students with a comprehensive understanding of cost structures in healthcare, particularly within hospital settings. With escalating healthcare costs globally, hospital administrators and government regulators need precise knowledge of how funds are allocated to ensure sustainability and profitability. This course provides the tools and insights required to make informed financial decisions in the healthcare sector.

Number of ECTS: 2

Course program (link)

Course syllabus (link)

Course Overview: The Financial Literacy in Health Economics course seeks to equip students with a comprehensive understanding of cost structures in healthcare, particularly within hospital settings. With escalating healthcare costs globally, hospital administrators and government regulators need precise knowledge of how funds are allocated to ensure sustainability and profitability. This course provides the tools and insights required to make informed financial decisions in the healthcare sector.

Key Topics:

• Introduction to health economics: Introduction to health economics: Supply and Demand in healthcare - basic concepts and application of concepts in Health Economics.


• Cost terms and concepts in Health Economics.


• The significance of cost analysis in healthcare and Cost-Volume-Profit (CVP) analysis.


• Assessing relevant costs and revenues for decisive actions.


• Using Health Economics to Assess the place of Screening.


• An overview of the budgeting process in healthcare institutions.


• In-depth exploration of standard costing and variance analysis.


• A study of Divisional Financial Performance Measurement.

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