NUR4030-Understanding of the relevance of economic concepts

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Demonstrate an understanding of the relevance of economic concepts within the healthcare sector.
This unit provides a basic overview of and introduction to the economic principles that pertain to health care. It is important for health policymakers to be familiar with basic economic concepts so they can positively impact the system for the benefit of businesses and the patient.

After completing this unit, you should be able to:

Describe the importance of health policymakers being familiar with basic economic concepts.

Explain the role of economics in health care.

Examine the use of economic models to help forecast the impact(s) of policy on health care delivery.

INSTRUCTIONS

In this Journal entry, examine the importance and relevance of health economics and how it relates to an individual’s health. Your Journal entry should be at least 500 words, and cite appropriate references.

You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.

Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.

Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.

The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.