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There are three assessment items in this unit designed to enable you to demonstrate that you have achieved the unit learning outcomes. Completion and submission of all assessment items at the required time and required academic standard are necessary to receive a final mark in the unit. Achievement of at least 50% overall is required to pass this unit. Participation in tutorials will be considered as an essential requirement for the course
One important question in health economics is: what is the most efficient way to deliver health care services? Recently some doctors claimed that millions of dollars are wasted on unnecessary hospital stays for conditions that could be treated in patients' homes. 1. What do you see as being the main cost advantages of a ‘hospital in the home' program?
2. How important is ‘hospital in the home' in Australia and other countries - ie what percentage of total hospital admissions are accounted for by ‘hospital in the home' patients.
3. Outline three health services that could be provided in the home rather than in a traditional hospital?
4. Can you see any disadvantages of such a program? 5. Overall, do you think such a program could result in better health outcomes?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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