HUMAN CAPITAL AND INVESTMENT FOR HEALTH

Course Director:
Professor Nicholas Jennett PhD

Hours

Total: 11 (Lectures - 2; Seminars – 5; Practicals – 4) ECTS: 1.65

Course Description

Theoretical considerations on investment, introduction of the concept of investment in human capital and social capital. Relationship between growth and human capital; work on the case for investing in health and health care as a means to achieve economic growth. Introduction to the investment appraisal techniques. The use of DCF techniques for investment appraisal. Distinction between economic and financial appraisal. Investment appraisal case study. DCF technique to inform investment decision. The role of private sector and contribution of private capital in financial investment in health care.

Assessment

Written Examination

Recommended Readings

1. Human Capital for Accession: A proposal for the EU (with W Hager), Eurohealth, 8(2) p20- 2, 2002

2. The health aspects of accession (in Polish), Unia & Polska (the Journal of the Polish
Pharmaceutical Industry), 2002

3. Medical employment in the EU in 2020 in Health Trends Review – Proceedings of a
Conference Chaired by Professor Sir Michael Peckham (Wanless Review) 2001

4. The problem of appraising health projects in Garcia-Barbero M (ed). The Appraisal of
Investments in Health Infrastructure, World Health Organisation and European Investment
Bank, 1999

5. Health service finance in Rigby M, Ross E and Begg N (ed) Management for Child Health
Services, Chapman and Hall, London 1998

6. The market for patients in an enlarged Europe at Hopes and Fears : Policy Futures for Health, Nuffield Institute/Judge Institute for Management, University of Cambridge, UK, September 2002

7. Health and Accession at European Pharmaceutical Industries Conference, Bruges, Belgium, June 2002

8. Investment decision making in health at European Health Management Association
Conference, Granada, Spain, June 2001

9. Economic appraisal in health (contribution to Health Economics Module) MBA programme, University of Keele, UK (various dates)

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