Analyze monopolies and monopsonies in the market area

Assignment Help Microeconomics

Reference no: EM133638905

Homework: Competitive Markets, Health Insurance & Labor Demand

Overview

This homework asks you to consider a scenario and apply economic healthcare concepts and principles to craft a presentation to inform decision makers regarding a proposed hospital expansion.

PowerPoint Preparation

In this homework, you are asked to create a PowerPoint presentation that includes speaker notes. If you need information on creating effective PowerPoint slides, you can review the following:

1. Getting Started with PowerPoint.
2. Add Speaker Notes to Your Slides [Video].

Research Preparation

As you research labor supply and the demand and supply of health insurance for your presentation, you may want to visit your state's healthcare workforce data. Below is an example resource for the state of Georgia.

A. State of Georgia Healthcare Workforce.

Scenario

Due to the increasing patient demand for emergency medical care in your community, you are considering the possibility of opening a new urgent care center. In order to secure funding for your project, you will need to present some key information to your lenders. You have been specifically asked to analyze market structure, monopolies, and monopsonies. You have also been asked to provide information on the demand for health insurance and the supply of health insurance along with factors that influence the healthcare labor market.

Instructions

Develop a PowerPoint Presentation with a minimum of 12 slides, including the title and sources slides that contain the following information. Note that PowerPoint slides must include detailed speaker notes.

A. Create an overview of the healthcare market structure that includes at least three current key players in your area (Examples: Other hospitals, urgent care centers, physician offices).

B. Analyze in detail, monopolies and monopsonies in the selected market area.

C. Assess the demand for health insurance and supply of health insurance from the public and private sector healthcare markets.

D. Create an overview of healthcare labor supply and factors that influence labor demand for healthcare workers.

The specific course learning outcome associated with this homework is:

A. Analyze market structure and competition in healthcare.

Reference no: EM133638905

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