1) How would you define a risk –neutral person in the context of making decisions south the health insurances?

2) What is meant by a loading fee when considering the price of an insurance policy? Why is the loading fee a higher proportion of the premium when people choose low deductibles?

3) Define moral hazard and provide an example

4) What are the advantages and disadvantages of community rating of health insurance consider both equity and efficiency.

5) What are the main determinants of health disparities and how can these be modified to improve health status in society?

6) Why is health equity important in society and why would it be financially feasible in the health economy?

7) What are the pros and cons of interventions that are individually based versus population based?

8) Suppose that licensure requirements become more stringent so that fewer physicians will be able to practice medicine. What would happen to the supply curve for physician services? Explain.

9) Suppose that there is a high demand for a new diet drug on the market. What would happen to the supply of the drug?

10) Suppose that you are a manager of a large healthcare system and the reimbursement fees for services rendered has changed significantly during the period. What is your short –run elasticity with respect to price and would this change over longer planning horizon? How?.