Econ Diversity

Nursing homework help

Prompt: One of the key economic principles is competition or choice. For this short paper assignment, define the terms “market concentration” and “market power” and describe how they are measured. What tools are used? How do these terms relate to the principle of competition?

Next, apply the concepts of market power, market concentration, and choice to the healthcare industry. How do you think these economic principles impact healthcare decision making and planning? Support your response with properly cited references from the assigned readings or other academic sources.

Guidelines for Submission: Your paper must be submitted as a two- to three-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in APA format.

Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value

Comprehension Meets “Proficient” criteria and includes exceptional details with specific examples

Clearly articulates a good understanding of key economic principles and tools

Articulates the economic principles and tools considered but missing key details and clarity of content

Does not articulate an understanding of economic principles and tools

30

Application of Principles to

Healthcare Industry

Meets “Proficient” criteria with exceptional detail and specific examples

Explains how the economic principles apply to healthcare industry with some details

Explains how the economic principles apply to healthcare industry but is missing key details and clarity

Does not explain how the economic principles apply to healthcare industry

30

Evaluation of Impact of and Principles on

Decision-Making and Planning

Meets “Proficient” criteria and includes exceptional details with specific examples

Clearly articulates how economic principles impact healthcare decision making and planning

Articulates how economic principles impact healthcare decision making and planning but missing key details and clarity of content

Does not articulate an understanding of how economic principles impact healthcare decision making and planning

30

Writing Mechanics Meets “Proficient” criteria and is presented in a professional and easy-to- read format

Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that obstruct understanding

10

Earned Total 100%