The United States has a great consumer demand for health care services. The supply of these services or products, such as new medical equipment, is affected by many factors.
Select a service or product that may be in demand by the health care consumer now or in the future.
Write a 1,050 to 1,400 word paper on your selected service or product. Include the following:
Discuss the effects of consumer demand on medical care services or products versus the economic variables of cost, access, and supply.
Support your perspective and rationale for the continued provision of a current service, or for the implementation of a new service or product, based on economic principles or supply chain models.
Cite a minimum of 3 peer-reviewed, scholarly, or similar sources.
Format your paper according to APA format.
Write a 1050 to 1400 word paper that uses two to three economic tools and concepts to evaluate a current issue or situation that exists in today's health care industry. Some examples of economic tools and concepts are supply and demand curves, marginal analysis, and elasticity. Include a narrative summary for any charts, graphs and figures that are used. Consider searching for websites with national charts, graphs and figures that may provide you data concerning economic tools. Cite a minimum of 3 peer reviewed, scholarly, or similar references. APA format
Evaluating New Drug cost in comparison to current standard treatment
In Week 1, students are introduced to the ten fundamental principles on which the study of economics is based. Throughout this course, the students will use these ten principles to better develop their understanding of economics and how society manages its scarce resources. Students will see how markets work using supply and demand for a good to determine both the quantity produced and the price at which the good sells. The concepts of equilibrium and elasticity are used to explain the sensitivity of quantity supplied and quantity demanded to changes in economic variables. Students will see how government policies impact prices and quantities in markets.
Assignment Steps
Resources: Principles of Microeconomics, Ch. 1, 2, 3, 4, and 6.
Prepare an 875-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory.
Identify
Explain the factors that will affect demand, supply, and prices of that product.
Below are the requirements. The word count doesn't need to be as extensive, since I am only doing the above section.
Purpose of Assignment
Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served. Using the concept of comparative advantage, students analyze trade opportunities and use the model of supply and demand to explain factors that could affect demand, supply and prices. Students will determine various factors that could affect their organization's total revenue and will recommend actions the firm could use to maximize their profit and their presence in the market served.
Assignment Steps
Scenario: You have been given the responsibility of working with your organization's CEO to do a competitive market analysis of the potential success of one of their existing products.
Research an
Select one of the following surveys from the BLS Current Employment Statistics survey (National): Link is at the bottom!
Goods-producing Employment - CES0600000001
Construction Employment - CES2000000001
Manufacturing Employment - CES3000000001
Trade, Transportation, and Utilities Employment - CES4000000001
Retail Trade Employment - CES4200000001
Education and Health Services Employment - CES6500000001
Retrieve and save a Microsoft® Excel® file and the graphs to your desktop for analysis. You will have to check the "include graph" box along the top of the page to see the graph, and you will need to copy and paste the graph separately into your Microsoft® Excel® document.
Tutorial help on Excel® and PowerPoint® functions can be found on the Microsoft® office website. There are also additional tutorials via the web that offer support for office products.
Consider the following two articles, located in the Week 4 Electronic Reserve Readings, (Attached)discussing actor salaries and
Week 5 exposes students to subjects that are intended to whet their appetites for further study in economics. Students will use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions.
Assignment Steps
Scenario: You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions.
Write a 1,050-word analysis including the following:
- The impact the theory of consumer choice has on:
- Demand curves
- Higher wages
- Higher interest rates
- The role asymmetric information has in many economic transactions.
- The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy.
- People are not rational in behavior economics.
Cite a mini
cenario:
You are a member of the training division in a maximum-security prison facility. There are about 8,000 inmates, and another 350 staff members, of which 220 are corrections officers. Because of the recent economic downturn, the number of prisoners incarcerated for property crimes, such as grand thefts and burglaries, has been on the rise. About 3,000 of the 8,000 inmates are violent offenders. Traditionally, the violent offenders establish a structure of control amongst the inmates, and often abuse the property crime offenders who are not used to violence. You have been tasked by the warden and the prison counsel, the mayor, and the city council to provide a method for dealing with an anticipated rise in violence as the demographic of the prison population puts more less experienced inmates in the facility. You must identify types of personnel who you would involve in the evaluation. There will be a number of inmates whose mental health will make them prone to violence, and so
Discussion Board Evaluation Criteria
Discussion board assignments are your opportunities to share your knowledge, experience and opinions with the rest of the class. Together with the homework assignments, they also serve as a proxy for attendance.
The items I am looking for are
Relevance to the topic,
Promptness in the initial posting and response,
Clear expression of opinions,
Good spelling and grammar,
Polite disagreement as appropriate.
Please use good grammar and make coherent points. When providing a contrasting viewpoint, focus on making your point, not on deriding the other person's point.
Discussion Board Evaluation Criteria
Discussion board assignments are your opportunities to share your knowledge, experience and opinions with the rest of the class. Together with the homework assignments, they also serve as a proxy for attendance.
The items I am looking for are
Relevance to the topic,
Promptness in the initial posting and response,
Clear expression of opinions,
Good spelling and grammar,
Polite disagreement as appropriate.
Please use good grammar and make coherent points. When providing a contrasting viewpoint, focus on making your point, not on deriding the other person's point.
