The Role of Economics in the Health and Medical Care Industry

Economists prepare economic analysis briefs to provide insight into how economic market forces operate. For this assignment, prepare an economic analysis brief that describes the role of economics in the health and medical care industry in the U.S. or abroad. Discuss and synthesize key elements from at least two recent scholarly articles (I will list three below please use two of the three) that address one of the following points: Determine the distribution and allocation of scarce resources. Apply economic models, theories, or assumptions. Offer objective methods for attempting to predict future market behavior in response to events, trends, and cycles. Assess economic policy recommendations for healthcare stakeholders. Evaluate the economic health of the nation or state. Your analysis should be thoughtful and thorough, well-written, and formatted accordingly: Title page Introduction—What is the topic, why is important, and what are the objectives of your brief? Body—What are the key elements of the scholarly articles that support the objectives of your brief? What economic models or concepts apply? Conclusion—What are the future implications, policy recommendations, etc.? References page Your paper should be 2 to 3 pages and comply with APA 7 guidelines.  References:  MARINESCU, A. (2016). Axiomatical examination of the neoclassical economic model. Logical assessment of the assumptions of neoclassical economic model. Theoretical & Applied Economics, 23(2), 47–64. Wei-Bin Zhang. (2018). Health, Environment, and Wealth. Izesstia, Journal of the Union of Scientists – Varna, Economic Sciences Series, 7(3), 109–123. Kulvik, M., Hermans, R., Linnosmaa, I., & Shalowitz, J. (2015). An economic model to assess the cost-benefit of BNCT. Applied Radiation and Isotopes, 106, 3–9.

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