Nursing Health Economics Harish Basavaiah
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1Nursing Health Economics2
3Nursing Health Economics
Harish Basavaiah MA, LLB, DIM (M Phil) Head of the Department of Economics Surana College Bengaluru, Karnataka India
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Published by
Jitendar P Vij
Jaypee Brothers Medical Publishers (P) Ltd
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Nursing Health Economics
© 2009, Jaypee Brothers Medical Publishers
All rights reserved. No part of this publication should be reproduced, stored in a retrieval system, or transmitted in any form or by any means: electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the author and the publisher.
This book has been published in good faith that the material provided by author is original. Every effort is made to ensure accuracy of material, but the publisher, printer and author will not be held responsible for any inadvertent error (s). In case of any dispute, all legal matters are to be settled under Delhi jurisdiction only.
First Edition: 2009
9788184487145
Typeset at JPBMP typesetting unit
Printed at
5To My Father
Who left us at the time when this book was getting its shape6
7Foreword
It is always heartening to see among my colleagues who indulge in compiling or authoring useful academic books. Even while it seems like a routine affair when such work from among our teacher fraternity gets a pat through this motivating chair, this is an honest stroke from an involved mentor and a concerned colleague for the efforts of a sufficing act in the education field.
Surana College, in its continued promotion of the fresh dimensions in educational sub-ventures has struck booty once more through this academically proliferative reference book. In the times when some of the subjects of humanities seem to have taken a back seat among the course aspirants for future career options, Economics subject off late is an exception. Moreover, it is so under the patronage of an institution with a conviction akin to the Surana's.
This work reflects an updated attempt true of an ever-learning teacher. It also calls for a better lauding as it comes through the difficult times of global economic low ebb and amidst the hectic schedules of the local semester system, especially in an avant-garde institution like the Surana's in Bengaluru.
It is more so refreshing when such work is accepted and well used by the student community. It is not the number of books or references made, but the quality of ingredients sought after by the compiler from those books that matter to befit the content of any compilation, which is true of this work too. Especially, the chapters in this book are of an indigenous application, quite current to the practices of the day.
Yet again, the glossary reappears in the other end, displaying that every teacher continues to pursue the basic quality of studentship in a corner of the heart. Apt graphs and graphic, tables and bullets, heads, sub-heads and semi-headlines add to the good spice of the book.
Well measured, accounted names of a host of experts and social scientists available throughout the book is in itself a tribute to all those who matter in the field of economics then, now or ever.8
The book is also of a continued motivation for more of them in the fraternity to come forward with much more publications in competitive quantum, so that the educational exercises will get the fillip to sustain itself in the increasingly dynamic and challenging market.
I congratulate Mr Harish B, for this work and wish him many more achievements regularly.
AS Chandramouli
Principal, Surana College of Arts, Science, Commerce and Management
Bengaluru, India
9Preface
Economics has become one of the needful social sciences in the present scenario. Now-a-days, it is felt each one of us should impart the knowledge of Economics to face and solve day-to-day problems and challenges. The great Economic Depression faced by USA during 1929 would have made people of the entire world to know the crux of the Modern Economics, i.e. Macroeconomics. It is not just being treated as the subject of Arts Stream. The subject of Economics has a network of Commerce and Science streams. We are seeing a recent development in preparation of Curriculum for Health Sciences where Economics is included. The study of Economics is very essential from a common man to the richest person.
As every activity is directly or indirectly related to money, the knowledge of Economics is needed everywhere. Hence, a small effort is made here to construct a bunch of Economic ideas applicable to Health Science. This book titled “Nursing Health Economics” is very useful to the students and teachers of Health Sciences.
Utmost care is taken to simplify the concepts in relation to Health Science. It is developed in accordance with the Syllabus and some concepts designed for the benefit of readers to understand the working of domestic and global economy.
Special care has been taken to avoid gaps in the sequential arrangement of topics and logical development of concepts and ideas of economic theory and their relevance to Nursing Health Sciences.
Harish Basavaiah10
11Acknowledgments
The “Nursing Health Economics” is a new baby in the world of Economics which has taken a shape of its own. Economics is an eternal subject which gets renewed with new ideas, new models and principles everyday. Economics is useful to every individual irrespective of his profession or career. Now-a-days, it has become much needed source of knowledge for understanding day-to-day Economic issues which are related to our lifestyles. “Nursing Health Economics” is being published by keeping in mind the need of minimum knowledge of Economics for the beneficiaries. The task of bringing the World of Economics to door steps of Nursing Schools and Colleges is done by M/s Jaypee Brothers Medical Publishers (P) Ltd., New Delhi. I whole heartedly thank and congratulate M/s Jaypee Brothers, Mr Venugopal, Branch Manager and Mr Vasudev H, author coordinator for providing me an opportunity to introduce Economics to Medical field.
I am very grateful to Madam Archna Surana, Managing Trustee, Surana College, for facilitating the utility of Computer Network and other requirements. I am very thankful to Prof. AS Chandramouli, Principal, Surana College, Bangaluru, who stood as moral support till the completion of the book. I honestly express my heartfelt thanks to my colleagues, Administrative Staff of Surana College, Bangaluru, for facilitating the resources to complete the book successfully. I owe my affection to my wife Smt Manonmani, who is a source of inspiration to write this book.12
13INC Syllabus
Course Description
This course will help student to understand the basic concept of economics, health economics, the relationship between health and economic development, demand and supply, concept of cost and financing system of health care services in India. This will enable them to appreciate financial aspects of health care services.
General Objectives
Upon completion of this course, the students will be able to:
Course Content
Chapter 1: Introduction to Economics
Chapter 2: Introduction to Health Economics
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Chapter 3: Costs of Health Care
Chapter 4: Demand and Supply in Health Care
Chapter 5: Financing of Health Care