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NATIONAL OPEN UNIVERSITY OF NIGERIA
UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF NURSING SCIENCE
SEPTEMBER 2020 EXAMINATION
COURSE CODE: NSC407
COURSE TITLE: INTRODUCTION TO HEALTH ECONOMICS)
UNIT: 2
TIME: 2 HOURS
INSTRUCTION: ANSWER ALL QUESTIONS.
1a. Define the term supply (1mk)
1b. Explain 7 basic determinants of Supply of goods and services (14mks)
1c. State the reasons why the need for health care far exceeds the effective demand for it (5mks)
2. The knowledge of health economics is indispensable for nurses amidst the high demand for health care and the limited resources available in meeting the demands for health care.
2a. Exlain the concept of health economics? (4mks)
2b. Briefly discuss the importance of health economics (8mks)
2c. Briefly discuss the relationship between the health and economic development of a nation (8mks)
3. Effective budgeting is important in all organization including health organization
3a. Define Budget (1.5mks)
3b.Explain the major types of Budget (12.5mks)
3c. Mention 6 advantages of budgeting (6mks)
4a. Define economics (2mks)
4b.Briefly explain the following basic concepts in economics
i. Service
ii. Scarcity
iii. Opportunity Cost
iv. Utility
v. Goods
vi. Economic resources
vii. Budgeting
viii. Economic efficiency in health care
ix. Controlling (2marks each)5a.What do you understand by the word economic systems (4mks)
5b. list and explain the major economic systems of the world (8mks)
5c. Define the following basic concepts in budget
i. Zero-based budget
ii. Fixed budget
iii. Variable budget
iv. Fiscal budget (8mks)
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