What are the advantages and disadvantages of an employer-sponsored health insurance system like we have in the US? How do tax laws in the US subsidize health insurance?

2. Show with a graph the likely consequences of an employer mandate on employment and wages. Understand how the elasticity of supply and demand affect the consequences of a mandate. What do we know about the potential effects of an employer mandate from Hawair's experience?

3. What are the advantages and disadvantages of experience rating vs community rating? What do we know about the potential effects of community rating in small group/individual insurance markets from New York's experience?

4. How do we analyze the decision to become a physician strictly in terms of its value as an investment? What empirical evidence do we have about the rate of return to physician training?

5. Describe how the physician/patient relationship relates to the

6. What is supplier-induced demand? Describe with sentences and a graph. principal/agent problem Why do economists worry about it? What techniques have insurance companies instituted to limit supplier-induced demand?

7. What are small area variations and how do we measure them?

8. Are small area variations necessarily evidence of inappropriate or unnecessary care? Are there alternative explanations? Show with two graphs

9. Using the median voter model, explain in a few sentences and a graph why we have a mix of for-profit, not for profit and government hospitals in the US market

10. What type of market structure seems to best fit the market for for-profit hospitals and why? Explain why in a few sentences