Course Summary:

The Health Economics and Financing course offered by Magna Skills is designed to provide a solid foundation in the economic principles that govern healthcare systems, with a special focus on low- and middle-income countries. This course equips participants with practical tools to analyze healthcare financing mechanisms, assess economic efficiency, and design equitable and sustainable financing strategies.

Offered through our expert-led workshops and online platforms, this course blends academic theory with real-world application, enabling professionals to make data-driven decisions and influence healthcare policy. Whether you work in government, NGOs, donor agencies, or healthcare institutions, this course empowers you to better understand and navigate the complex world of health economics.

Course Objectives:

• Apply key economic principles to analyze healthcare systems, using tools and frameworks provided by Magna Skills.

• Understand the structure and function of various health financing models implemented globally and locally.

• Evaluate healthcare spending for efficiency and equity using cost-effectiveness and cost-benefit analysis tools.

• Critically assess and design policies that promote sustainable healthcare financing with guidance from Magna Skills experts.

• Utilize data to support evidence-based decisions in health sector budgeting and policy reforms.

Course Outline

1. Foundations of Health Economics

   • Introduced by Magna Skills trainers

   • Basic principles of microeconomics in health

   • Understanding demand, supply, and market failure in healthcare

2. The Role of Economics in Health Systems

   • Health systems overview with real-world cases from Africa

   • Economic thinking in health service delivery

3. Health Financing Mechanisms

   • Comparative analysis: public vs private financing

   • Magna Skills insight into social insurance and tax-based systems

4. Equity and Financial Protection in Healthcare

   • Addressing financial barriers to access

   • Promoting fairness in resource distribution

5. Economic Evaluation in Healthcare

   • Cost-effectiveness and cost-benefit analysis

   • Case studies from previous Magna Skills participants

6. Strategic Budgeting and Resource Allocation

   • Budget planning processes and tools

   • Applying prioritization frameworks taught by Magna Skills

7. International and Donor Health Financing

   • Role of donors and global financing facilities

   • Managing donor funds effectively

8. Health Financing in Low- and Middle-Income Countries (LMICs)

   • Challenges and policy innovations

   • Examples from Magna Skills’ work across African nations

9. Policy Reform and Financing Strategies

   • Analyzing current financing policies

   • Tools for designing and implementing reform

10. Monitoring, Evaluation, and Accountability

• Tracking health expenditures and performance

• Using data dashboards and KPIs recommended by Magna Skills