Explores medical care as a commodity, demand for health and medical services, economic behavior of medical care providers, and the functioning of medical insurance markets. Government regulation and provision of health care and health insurance. Three lecture hours a week for one semester. Only one of the following may be counted: Economics 325K, 325L, 330T (Topic 1), 350K (Topic 9). Prerequisite: Economics 420K, 420S, 421K, or Finance 321K with a grade of at least C-.