Health Economics

 The study is concerned with the problems associated with efficacy, effectiveness, value and comportment in the manufacture and consumption of health and healthcare. This is most involved in defining the protocols of how to make advancements in the health consequences and lifestyle patterns through connections between individuals, healthcare providers and clinical care settings. The broad term studies reveal the effective functioning of healthcare schemes and health affecting behaviors such as smoking, diabetes and obesity. An influential 1963 article by Kenneth Arrow often credits in giving rise to health economics as a discipline and his theory illustrated the theoretical discrepancies between health and other goods.