Birmingham, United Kingdom

Health Economics and Econometrics

Master's
Language: EnglishStudies in English
Subject area: medicine, health care
Qualification: MSc
Kind of studies: full-time studies, part-time studies
Master of Science (MSc)
University website: www.birmingham.ac.uk
Econometrics
Econometrics is the application of statistical methods to economic data and is described as the branch of economics that aims to give empirical content to economic relations. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". The first known use of the term "econometrics" (in cognate form) was by Polish economist Paweł Ciompa in 1910. Jan Tinbergen is considered by many to be one of the founding fathers of econometrics. Ragnar Frisch is credited with coining the term in the sense in which it is used today.
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Health
Health is the ability of a biological system to acquire, convert, allocate, distribute, and utilize energy with maximum efficiency. The World Health Organization (WHO) defined human health in a broader sense in its 1948 constitution as "a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity." This definition has been subject to controversy, in particular as lacking operational value, the ambiguity in developing cohesive health strategies and because of the problem created by use of the word "complete", which makes it practically impossible to achieve. Other definitions have been proposed, among which a recent definition that correlates health and personal satisfaction.
Health Economics
Health Economics is a monthly peer-reviewed academic journal published by John Wiley & Sons, covering the subject of health economics. It was established in 1992.
Health
There are more disorders of the mind than of the body, and they are of a more dangerous nature.
Marcus Tullius Cicero, Tusculanae Disputationes (c. 45 BCE), Book III, Section III, p 93, translated by Charles Duke Yonge (1877 edition)
Econometrics
(Kálmán's) fundamental contributions to modern system theory... provided rigorous mathematical tools for engineering, econometrics, and statistics, and in particular for his invention of the "Kalman filter,"… was critical to achieving the Moon landings and creating the Global Positioning System and which has facilitated the use of computers in control and communications technology.
NSF (2008) "The President's National Medal of Science: Recipient Details"
Health
In minds crammed with thoughts, organs clogged with toxins, and bodies stiffened with neglect, there is just no space for anything else.
Alison Rose Levy, in "An Ancient Cure for Modern Life" in Yoga Journal (January - February 2002).
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