Vaccinations

Examples of Vaccinations in the following topics:

• Externalities in the Health Care Market

  • Vaccinations: An interesting new development in health care is the advent of vaccines.
  • Vaccination results in herd immunity, or essentially the fact that many individuals will become immune and thus reduce the likelihood that everyone in the population will contract certain diseases.

• Differences Between Centrally Planned and Market Economies

  • For instance, in 2000 there was a shortage of tetanus vaccine in the United States.
  • In a planned economy, this shortage would not happen because the government would boost production of the vaccine if it were needed.

• Criteria to evaluate alternatives

  • First, they might be allocated a set of recourses (vaccine, personnel, offices, etc) and then try to vaccinate as many children as possible.
  • Alternatively, they might try to vaccinate all children by using as few resources as possible.

• Improving Education and Health Outcomes

  • Examples of health policy topics include: vaccination policies, tobacco control, and pharmaceutical policies.