Economics homework help

****PLEASE NO PLAGIARISM, READ ASSIGNMENT DETAILS**** Write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
In the Mercantile period, from the 16th through the end of the 18th centuries, trade was driven by a need to accumulate gold and silver. Nations worked to restrict imports and drive exports. With the advent of the Industrial Age, classical economists began to look at trade and international commerce in a different light. In his seminal work The Wealth of Nations, Adam Smith discussed the idea that the basis of trade could be seen in light of what he called absolute advantage. His contemporary, David Ricardo, took a different and modified approach and laid out a framework called comparative advantage. This latter theory is the basis for all modern views of international trade. For this Discussion Board, complete the following:

  • Define absolute and comparative advantage.
  • Compare the two views on trade.
  • How does the concept of opportunity cost factor into comparative advantage?
  • Discuss why you think comparative advantage has become the fundamental and accepted theory of trade. Provide concrete examples.
 
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Economics homework help

In economics, we usually think of capital as physical assets used to produce goods or services (for example, machinery or factories).
But humans also earn capital when they pursue education or training that increases their employability and makes them more valuable to employers.
Please write a few sentences describing a situation where you (or someone you know) has used their problem solving or agility skills to increase their human capital in order to get a better job or earn more income.
 
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Economics homework help

economic factors such as supply and demand can play an important role in your investment process. If there is a huge supply of houses available in a neighborhood you like, housing prices in that neighborhood may go down due to a lack of current demands. Therefore, you as the buyer have more power and may be able to make an offer that is lower than the initial asking price. Alternatively, in a neighborhood that is very much in demand and low in available housing, the housing prices may be higher, and you may need to offer to pay more to compete with other offers for a home there.
Decisions in investments can end in a variety of ways. Applying your problem solving skill and critical thinking strategies can help you successfully analyze opportunities to bring the best benefits for your efforts. Adjusting for the time value of money lets you calculate if the rewards are worth the wait so that you can arrive at an informed decision before you commit your money.
In this week’s discussion: 
Identify an investment decision that you or someone else has made. (This should be for goods or services for which one or more payments were made in order to receive increased benefits from those goods or services at a later time.)

  • How do you think the concept of supply and demand impacted the investment decision?
  • Now that you understand the time value of money, how would you use your problem solving skill (especially critical thinking strategies) to rethink the decision in the future?
 
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Economics homework help

Most people have several jobs over their lifetimes. Give a brief description of two or more of the jobs you’ve already had. Without revealing private information, explain if the job was part-time or full-time and address the following questions.

  • What skills were required to perform your best?
    • To what extent were agility, problem solving, and technology skills necessary for success?
  • What skills did you learn in each job?
    • How did learning these skills contribute to improving your ability to be effective in your work?
  • Did these new skills increase your human capital?
  • If you haven’t yet had a job, describe the type of career you hope to have after finishing school.
    • How will agility, problem solving, and technology skills be a vital part of your success in this type of career?
 
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Economics homework help

  • Briefly define corporate social responsibility (CSR) in your own words.
  • Find a current event in the past 1–2 years in which a business either went above and beyond to demonstrate corporate social responsibility (CSR), OR sorely failed to demonstrate CSR. Provide the name of the company and the good or bad deed. Do your findings change the way you will support the company in the future?
 
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Economics homework help

  • Identify a large company and select a prominent or influential stakeholder associated with it. A stakeholder or stakeholders can be an individual (do not choose the CEO) the company board, customers, shareholders, unions, etc. Then describe one way that they have impacted the corporation in the past 12 months. Was the action or were the actions ultimately good for the company, or might be in the future?
 
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Economics homework help

Requirements:
1-2 page minimum with 2-3 references
Imagine that you run a nursing home facility in your area.
Analyze and comment on the role public policy has in the economic aspect of running this type of health services center.
Compare and contrast the economic challenges and incentives this type of health care model presents.
What are some of the ways in which you could inform or signal potential consumers that your nursing home is of high quality?
Evaluate the social-cultural issues that influence the consumers of this type of health service. Which of your proposed methods are most apt to be reliable signals that significantly communicate to consumers, so they are able to make more informed decisions?
 
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Economics homework help

Requirements:
1-2 page minimum with 2-3 references
 
Prior to engaging in this discussion, please read Chapter 12 in the text, read the Rice (1997) and the Korda and Eldridge (2011) articles, and review any relevant Instructor Guidance. It is suggested that you also take a moment to review a few of the recommended articles to glean any potential helpful information.
Opportunism in health care is especially perceptible in the health insurance markets.
Consider the area in which you live, specifically your state and local communities.
Evaluate the social-cultural issues that are influencing adverse selection in insurance markets.
Propose some strategies for reducing adverse selection in health insurance within these markets.
Develop a microeconomic model that is responsive to your local service demands.
Communicate how these issues are relevant to the economics of the greater U.S. health care system.
What are the future implications with the Affordable Care Act?
 
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Economics homework help

Complete a feasibility study based on the renovation of your inpatient acute rehab facility where patients can obtain physical therapy while in a hospital setting and be medical managed.  The facility will have new private rooms with state of the art equipment.  A mobility garden for training and transitioning back into the community.
Using the feasibility study outlined in the Daniels and Dickson (1990) article as a model, and including a minimum of four other scholarly sources,  create a 6-8-page feasibility study that includes the following headings and supporting information:
Evaluating Feasibility
The concept of a feasibility study is central to viability, the “worth to the effort” ratio, and return on investment (ROI). What needs to be taken into consideration to create a feasibility study (e.g., human resources, community needs, and technological advances, federal and state regulatory issues)?  Within this section, you will research and design an economical health care service that is responsive to a given market. This research stems from understanding your target population and present need in health services. Furthermore, as you have seen from the Daniels and Dickson (1990) article, you must appraise your human resources, capital investment, and how your effort will yield a return on investment from a facilities perspective as well as the tangible greater good of providing healthcare to a community.
Strategic Effect
Analyze the role of public policy with regard to your project. What policies and processes should be in place to create an effective program? How will you measure the effectiveness of your program and your provision of health care services? Develop a microeconomic model that is responsive to the specific health care service demands of your target population. For example, the current trend of the medical home model, which allows for the coordination of care, allows for better communication among service providers as well as convenience for patients. Is the population a market priority? How does your program serve a need for your target population?
Market Analysis
Within this section you will identify the population demographics, who your competitors are, and whether or not a real need for the services you are proposing exists in the community. As you examine the demographic and population needs using Census data and other reliable sources, you must also consider what competitors, if any, exist in the present climate. This requires an evaluation of the present socioeconomic and cultural trends influencing how people make decisions in health care. In addition, in this analysis you will need to compare and contrast economic challenges and incentives among health care’s organization models. This comparison requires an understanding of past challenges and incentives that other organizations have implemented.
Financial Analysis
This section includes the revenue, expenses, and net income. Compare and contrast economic challenges and incentives by finding and describing multiple sources of public and private funding (e.g., grants, donations, awards, special projects) for this project. Include a reference list for your funding sources that is formatted in APA as outlined in the Ashford Writing Center. Next, identify the funding constraints for each source. Include limitations of monies awarded, timing issues, fitting the needs of the funding sources, difficulties of connecting with private funders, etc. Finally, specify the internal ramifications of moving forward using SWOT analysis. What are the fixed and variable costs associated with your project? What are the annual maintenance and operation costs? Elaborate on how you arrived at your sensitivity analysis conclusions.
Operations Performance
This section examines the incremental effect of how your proposed service will impact all aspects of health services. This portion of the study explores how the statistical data you have researched affects the proposed service in terms of efficiency and value. This can be difficult to measure initially. However, through incremental and ongoing evaluation of operations, you can begin to see what constitutes the best performance in this instance and how it serves the target population. In this section, you will further illustrate the incentives and challenges faced by a health organization and communicate the relevance of economics within the U.S. health care system as it pertains to your proposed services.
Inpatient
If your proposed study has an inpatient component, this section will analyze on volume of patients, types of payers, and how utilization rates impact your proposed study. In addition, you will further explain how your new inpatient service will add value for patients and improve the financial viability of the institution. This section will require you to use both qualitative and quantitative data to justify the plan.  Hospitals operate in terms of how many beds are occupied relative to how many are empty. Most CEOs want to see that a unit is running at near full capacity and that volume is increasing year to year. Analyze how your proposal will meet these demands by explaining the data you have collected and predicting potential financial outcomes. Finally, evaluate and explain how value-based care will impact your ability to maintain margins within this newly proposed service.
Outpatient
If your proposed study has an outpatient component, examine how admissions, revenue, and workflow of staff will improve the efficiency of your proposed service. Analyze how your outpatient service will add value for patients and improve the financial viability of the institution. Justify your plan with appropriate data. As stated in the inpatient section, the content here applies much the same way. However, the caveat for outpatient services lies in the ambulatory setting. This aspect should be most interesting under conditions created by the Affordable Care Act. The new paradigm shift will be toward more preventative, primary, and outpatient care settings to reduce the numbers of patients being admitted to hospitals. Please explain how your proposal takes these conditions into consideration. In this section, you will further compare and contrast economic challenges and incentives among health care’s organization models in an outpatient setting. You will also further augment your design in an economic framework that is responsive to your market.
Outlook
This section examines future implications of your proposed services and how they will impact the future health outcomes of the community and financial health of the services being provided. Analyze economic theories that are germane to the provision of your proposed health services. What adjustments might you need to make in terms of what the “unintended consequences” may be? For example, Baylor Hospital in Houston proposed and spent 250 million to create a brand new hospital that currently stands empty because it was built during the U.S. economic downturn, the loan was no longer able to finance the construction, and the initial examination of its necessity did not play out as expected. Provide conclusions and implications of how your feasibility study fits within the larger context of the system of services currently being provided. How do they work with one another within the larger health care system?
Finally, evaluate how your study will respond to market and design models that impact the community based on current regulatory and market needs.
 
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