“…However, despite this increased use and need for health economics expertise, there has not been a matching increase in scholars with health economics training (Kaambwa & Frew, ). A substantial portion of the health economics courses around the world is taught outside of traditional economics departments, often by instructors with no health economics training and sometimes by instructors with very little formal economics training at all (Gray & Lorgelly, ; Sloan & Hsieh, , pxvii). In fact, many of these courses limit the definition of “health economics” to cost‐effectiveness analysis and do not include other important content such as utility theory, risk and insurance, the role of price in equilibrating markets, production functions, or externalities (see Platt & Kwasky, , for instance).…”