Health economics is one of the many branches in economic. Health Economics is an applied field of study that allows for the systematic and rigorous examination of the problems faced in promoting health for all. The concept of health economics can be explained in layman language as the study of economical functioning of health care system in an economy. Health economics is used to promote health through the study of health care providers, hospitals and clinics, managed care and public health promotion activities. Open access to the scientific literature means the removal of barriers (including price barriers) from accessing scholarly work. There are two parallel roads towards open access: Open Access articles and self-archiving. Open Access articles are immediately, freely available on their Web site, a model mostly funded by charges paid by the author (usually through a research grant). The alternative for a researcher is self-archiving (i.e., to publish in a traditional journal, where only subscribers have immediate access, but to make the article available on their personal and/or institutional Web sites (including so-called repositories or archives)), which is a practice allowed by many scholarly journals. Open Access raises practical and policy questions for scholars, publishers, funders, and policymakers alike, including what the return on investment is when paying an article processing fee to publish in an Open Access articles, or whether investments into institutional repositories should be made and whether self-archiving should be made mandatory, as contemplated by some funders.
Last date updated on July, 2014