Credit Hours: 3 A basic study of the major economic issues facing the health care industry. Emphasis will be placed on the major elements of economic theory from a micro-economic perspective and how these theories are applied in the area of health care. Identical with ECO 504. Cannot receive credit for both HCM 504 and ECO 504. May be taught concurrently with HCM 604. Cannot receive credit for both HCM 504 and HCM 604.