Applying Economic Principles And Tools To Chronic Diseases

Applying Economic Principles And Tools To Chronic Diseases

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 (Chronic Diseases). 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:

1. Explain how economic principles can be applied to this issue to effectively guide decision making.
2. Demonstrate how supply and demand curves are used to accurately assess the issue.
3. Analyze how the cost curve can be used to assess the issue. Provide an example.
4. 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 (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.

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.

The healthcare issue is chronic diseases.