Reference no: EM132198335

The book is Management principles For Health Professionals Seventh Edition by Joan Liebler and Charles R. McConnell

Reading Study Chapters 1 and 2 of the text.

Review the PowerPoint lessons for Chapters 1 and 2 Assignments The following Assignments should be completed and submitted to the course faculty via the learning platform for evaluation and grading. Submit your responses to these questions in one WORD document.

List the question first, and then your response. Be sure to properly site your sources, both in-text and with a reference list at the conclusion.

If you use an online source to support your answers, you must provide a properly formatted link to the source. You should use APA citation format and make sure your sources are credible. In most cases, your responses should be no more than 400 words.

Note: The simple graphs called for in some of the assignments can be created in WORD or you can draw them separately but just include your interpretation in the assignment.

1. Draw a bowed-out PPC with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of all other goods (and services), Z, on the vertical axis. Discuss the implications of the following changes on the quantities of medical services and all other goods. Short Answer Questions:

a. A movement down along the curve.

b. A movement from the interior of the curve to a northeasterly point on the curve.

c. An increase in the quantity of labor in the economy

d. A technological discovery that increases the production of Z.

e. If it were your choice, where would you choose to produce on the PPC? Why?

2. Identify the three legs of the medical stool. Explain how trade-offs might take place among the three legs. If you had to choose one of the three to improve upon at the neglect of the others, which would you choose? Why?

3. Does the U.S. health care system possess a privately or publicly financed health care system? Explain.

4. What are two major uses of medical funds? How do the two major uses relate to the four basic questions?

5. In your own words, explain the general link between system structure, performance, and policy.

6. Describe the factors that make it difficult to measure output in medical care markets.

7. As mentioned at the beginning of the chapter, the life expectancy rate in Russia fell significantly from 1989 through 1994. Use health production theory to explain what would happen to the relationship between good health and medical care in Russia if alcohol consumption diminished and the market economy strengthened. Provide a graph to illustrate your explanation.

8. Use health production theory to explain the role gender plays in the production of health during pregnancy. Provide a graph to illustrate your answer.

9. Use production theory to graphically illustrate the case in which a medical innovation improves health without any change in the consumption of medical care.

10. In your own words, use utility analysis to explain why people demand health. How does the law of diminishing marginal utility fit into the analysis?