WEEK 4 ASSIGNMENT – APPLYING ECONOMIC PRINCIPLES AND TOOLS TO A HEALTH CARE ISSUE
Week 4 Assignment – Applying Economic Principles and Tools to a Health Care Issue
Overview
In this assignment you apply economic principles and tools (cost, demand, and market demand curves) to the economic issue that you chose in the Week 2 activity. You are also asked to complete a brief description of health care financing payment models.
Instructions
Consider the health care issue that you identified in the Week 2 activity and address each of the following in a 3–4 page Word document:
Explain how economic principles can be applied to this issue to effectively guide decision making.
Demonstrate how supply and demand curves are used to accurately assess the issue.
Analyze how the cost curve can be used to assess the issue. Provide an example.
Compare capitation, fee for service, and pay for performance financing payment models to accurately reveal their similarities and differences.
Use at least three sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library or review library guides.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
Analyze health care issues using economic decision-making principles.
Evaluate health care cost and efficiency issues using economic tools
