Category: Economics

  • Title: Understanding the Implications of Income and Price Elasticity of Demand in Healthcare

    Write an essay in which you address the following.  The average length of the essay to answer this question should be at least one typed single-spaced page or two double-spaced pages.
    Demand studies in health care have provided estimates of both income and price elasticity.  Estimates of income elasticity are usually above +1.0.  Estimates of price elasticity typically range between -0.1 and -.75 (with hospital services at the lower end and elective services at the upper end).  Write an essay in which you address the following questions.
    What information do these estimates convey?
    What does the price elasticity of demand estimates imply for government policymakers, insurance companies, and medical providers’ decisions?   
    What does the income elasticity of demand estimates imply for government policymakers, insurance companies, and medical providers’ decisions?

  • Title: The Interconnectedness of Resources, the Environment, and Consumption in the Global Economy In the modern world, the economy is heavily reliant on the availability and utilization of resources. However, as the demand for resources continues to increase, so

    Chapters 4 and 11 provide information regarding the resources, the environment, and consumption. Each of those concepts are interconnected in our world economy.
    This week we will be exploring the theme of the environment and resources. Please watch the following video and write a 500 to 750 word paper. I would like for you to analyze the following:
    1. What is the relationship between resources and the economy?
    2. If a country has resources, does that automatically mean that the country will be wealthy?
    3. What are some possible solutions for the problems faced in the video?
    4. What are you opinions about the ideas and problems expressed in the video?
    Please refer to below video

  • “The Dilemma of Choice: Balancing Limited Resources, Alternative Uses, and Unlimited Wants”

    it is the problem of choice which arises due to :-A) Limited Resources
    B) Resources have Alternative uses C) Unlimited human wants.

  • “Improving Employee Engagement through Flexible Work Arrangements: A Proposal and Presentation”

    Proposal/Powerpoint – Instructions are in document provided
    ** Please use easy to access citable sources **

  • “Economic Case Study Figures and Data Analysis”

    Overview
    Please provide figures/data from your chosen Economic Case Study Topic from Week 1.
    You will be responsible for providing visual figures (Charts, Graphs) that will be used in your final presentation. Data should come from PUMS or other accredited sources (Similar to the databases used in BUS 466/Statistics).
    Potential Data Reference (Data USA):  https://datausa.io/
    I have attached my case study in health care you need to find data for 
    -inflation numbers 
    -shortage of workforce vs how many people we have vs how many they needed
    -transportation issues 
    -boarder control measures
    -sully shortages 
    -infections decreasing in 2022 
    -increase in demand for providers
    Instructions
    Upload an Excel spreadsheet with pivot tables and figures. Please submit 3 figures for both the demand and supply section. Make sure to include shifters. Upload your Week 1 case study narrative with references added for the figures you create in Excel so it is clear you have made the connections required.

  • Title: Economic Evaluation of a New Medication for Disease X

    There are four major methods of economic evaluation used in health care decision-making.  The four methods are the cost of illness studies, cost-benefit analysis, cost-utility analysis, and cost-effectiveness analysis.  Please note that your textbook treats cost-utility analysis as a special form of cost-effectiveness analysis.  You have been assigned to evaluate a new medication for disease X.  I have purposely made up a disease to keep you from approaching this question as if you were looking at a medical clinical trial for the effectiveness of the mediation.  Your focus needs to be on how you would perform the economic evaluation of the medication.  Write an essay in which you address the four questions listed below.  The average length of the essay to answer this question should be at least one typed single-spaced page or two double-spaced pages.
    Which of the four types of economic evaluation would you use to perform your evaluation? 
    What advantages does the type of evaluation you selected have over the other three for this study? 
    What are some of the disadvantages or limitations of the evaluation you selected? 
    What information would you need to gather to perform your evaluation? (Please remember you are doing an economic evaluation not a medical/clinical trial for treatment.)

  • “Dissecting the WOTUS Rule: A Dissenting Opinion on Sackett v. EPA”

    Assignment and Instructions for Case Decision/Opinion on WOTUS rule:
    There has been a longstanding difficulty determining the regulatory extent of the Clean Water Act. The act’s plain language has proven difficult in that it refers to the navigable ‘waters of the US’ or WOTUS. The act clearly calls for federal regulation to protect the quality of these waters- what is unclear is whether the intention is to protect by only regulating the navigable waters, or if the federal government has the authority and legal obligation to regulate waters that feed the navigable waters of the US- in that they clearly affect the water quality of the navigable waters themselves.
    Former President Obama’s EPA Director Gina McCarthy adopted a new ‘definitional rule’ that the EPA claimed at the time eliminated the confusion and clarified the EPA authority to regulate waters beyond just those determined as navigable. This rule was challenged by many as an overreach of authority and lacking in grounding in the plain language of the act. On October 9, 2015 the US Court of Appeals for the Sixth District stayed the new WOTUS rule pending further determination by the courts. New (former) EPA Director Scott Pruitt and his successor Andrew Wheeler are working to rescind the rule and reset the WOTUS rule to pre-2015. These efforts resulted in the ‘Navigable Waters Protection Rule’ executed by then President Trump. As litigation carried on, the new President Biden vowed to restore the definition to the Obama-era rule. In May 2023, the Supreme Court of the United States of American ruled on Sackett v. EPA, significantly limiting the extent of WOTUS. The Biden administration then had no choice but to promulgate a new “Revised Definition of ‘WOTUS”. But several environmentalists contend that the conservative majority of the Supreme Court was not overly balanced in their ruling and dismissed several avenues of scientific fact and longstanding legislative intent found in the plain language of the Clean Water Act.
    Your assignment is to imagine you were one of the dissenting justices charged with writing a dissenting opinion on the Sackett v. EPA case. In your own words (and without using AI nor plagiarizing the actual dissenting opinions provided) tell me why the majority got it wrong. (It is okay if you actually think they got it right- it is a good exercise of legal thinking to walk a mile in the other side’s shoes.)
    Your opinion is not to exceed 3 pages of typed text (double-spaced) and must align in reasonable fashion to the following structure (following the judicial writing manual- consult the section ‘Organizing and Writing the Opinion’ in HuskyCT):
    (1)An introductory statement of the nature and procedural posture of the case
    (2)A statement of the issues to be decided
    (3)A description of the material facts
    (4)A discussion of the governing legal principles and the resolution of the issue(s)
    (5)Any necessary instructions on how to proceed
    NOTE: you need not dwell on legalese, and will not be graded on proper usage- rather I am interested in your ability to dissect the issues to their core facts and principles on both sides of the issue(s) at hand and render a rational dissent that you believe correct, fair, and most importantly legal on established grounds.
    The Judicial Writing Manual will assist you in how to write a legal opinion: Judicial Writing Manual
    You should also review the assignment rubric
    The following web resources are relevant to the circumstance in the assignment:
    https://www.epa.gov/wotus
    https://eelp.law.harvard.edu/2017/09/defining-waters-of-the-united-states-clean-water-rule/
    https://www.epa.gov/sites/production/files/2015-06/documents/epa-hq-ow-2011-0880-20862.pdf
    http://www.politico.com/story/2015/05/epa-waterways-wetlands-rule-118319
    https://lawprofessors.typepad.com/environmental_law/2023/04/the-wotus-rule-deserves-better-judging.html
    Assignment and Instructions for Case Decision 1.2019.docx
    incase I will put them in the drop files too

  • Title: “Market Shifts and Equilibrium Analysis: The Impact of Income and Fertilizer Prices on the Corn Market”

    When completing the SWAs, make sure to follow these submission guidelines. Failing to follow these instructions will result in a grade of zero.
    Your assignment should be typed, not hand-written.
    Do not include your name or UFID anywhere in the SWA or file name.
    Submit your SWA as a PDF file.
    The SWA prompt will ask you to include a graph. You MUST include this graph to get full credit for the SWA. You should hand-draw your graph and scan a clear picture of it to embed in your assignment document. Your hand-drawn graph must be clear and precise. Otherwise, I cannot award credit. When drawing your graph, you must:
    Use graph paper and a ruler to construct your graph.
    Label both axes and all curves.
    Identify the specific values of important intercepts and intersection points.
    The figure attatched depicts the market for corn. Suppose corn is a normal good and people’s incomes increase. Also suppose the price of the fertilizer used to grow corn increases. The effect of the increase in income shifts the relevant curve by 20,000 bushels of corn at every price. The effect of the increase in the price of the fertilizer shifts the relevant curve by 10,000 bushels of corn at every price.
    If a curve shifts in response to the change in income, clearly tell which curve and what direction (right or left) while if neither curve shifts give that as your answer. If a curve shifts in response to the change in the price of the fertilizer, again clearly tell which curve and what direction (right or left) but if neither curve shifts, then give that as your answer. Report the new equilibrium price of a bushel of corn and the new equilibrium quantity. Using JUST the initial equilibrium price and quantity and the new equilibrium price and quantity, can you calculate the price elasticity of demand? If so, what does it equal; if not, explain why not.
    In your essay, you should embed a graph that clearly depicts (1) the correct shift(s), (2) the new equilibrium price and the equilibrium quantity.

  • “Maximizing Value: Assessing Opportunities for Economic, Social, and Environmental Impact for Organization X”

    Assess the external environment for the organization you researched in Wk 1. Based on your assessment and the organization’s strengths and weaknesses you identified in Wk 1, evaluate opportunities for that organization to add economic, social, and environmental value. Recommend an opportunity that best capitalizes on the organization’s valuable, rare, and hard-to-imitate resources; is least impacted by the organization’s weaknesses; and will take best advantage of the external environment. Create a Microsoft® PowerPoint® presentation to present your assessment, evaluation, and recommendation. Include the following sections in your presentation: A cover slide An agenda A desсrіption of the organization (1 slide with speaker’s notes). A summary of the strengths and weaknesses of the organization (2 slides with speaker’s notes) Key aspects of your assessment of the external environment that present opportunities for adding value, such as trends, unmet needs, unsolved problems, under-served consumer groups, etc. (2-3 slides with speaker’s notes) An evaluation of opportunities to add economic value (1 slide with speaker’s notes) An evaluation of opportunities to add social value (1 slide with speaker’s notes) An evaluation of opportunities to add environmental value (1 slide with speaker’s notes). Note: Some opportunities may appear on more than 1 slide. For example, you may find an opportunity that adds economic, social, and environmental value. A recommended opportunity to pursue first, with a rationale that shows how the opportunity capitalizes on the organization’s valuable, rare, and hard-to-imitate resources; is not much impacted by the organization’s weaknesses; and takes advantage of the external environment (1 slide, with speaker’s notes) A conclusion References Cite references to support your assignment. Format your citations according to APA guidelines

  • HR’s Role in Merging Workforces: A Strategic Approach

    Overview
    Company mergers are very busy and challenging times for corporate leadership. The role that HR plays during a merger is often complex and far-reaching. In this assignment, you write an executive brief that considers aspects of how an HR department might prioritize and operate to support the union of two companies.
    Preparation
    How to Brief an Executive
    There is no single correct way to brief an executive or other stakeholder. The final deliverable is your choice, but effective briefs have common elements; they should be clear, concise, relevant, well-structured, and provide decision-making information. Here are a couple of resources you may use to get started:
    How to Brief an ExecutiveLinks to an external site.: A podcast from the Communications Guys.
    How to Write a Formal Business Report (With Examples)Links to an external site.: Hints from Indeed.
    Scenario
    Imagine that Anchor Hospital, a 250-bed medical center, is merging with the similar-sized Saint Mary’s Hospital to better serve the needs of its metropolitan community. An administrative board has been formed to guide all aspects of the merger. They have asked all departments to submit an executive brief that states their roles, intended model of operations, and initial steps to build interdepartmental relationships.
    The board’s primary concern for HR is how it will manage the merging of the workforce into a single, cohesive, and effective team. They want to understand HR’s primary role, guiding principles, and application of current practice. Specifically, they want your vision for the following:
    A merger-related current best practice or trend that is being successfully employed by HR departments.
    HR’s primary role in assimilating the workforces for the two hospitals.
    The HR management model is to be followed.
    How to foster relationships between HR and department managers.
    Instructions
    Write a 3-4-page executive brief that addresses the following merger-related items:
    Recommend a relevant HR trend or practice that would be useful to consider as part of this merger. Justify your recommendation.
    Analyze HR’s primary role(s) as a strategic corporate partner in merging the workforces of the organizations.
    Recommend an HRM model that would effectively steer the joining of each organization’s employees into a single, cohesive workforce. Justify your recommendation.
    Recommend two initial steps that HR should initiate to develop an effective relationship between HR and management. Justify your recommendation.
    Additional Requirements
    Resources: Use four 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.
    SWS: 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:
    Determine strategies for HR operations including defining organizational roles and relations with leadership.