...Health Care Economics 1 Term Comparison Paper Bernadette Cynthia Gibson July 28, 2014 HCS/552 Nancy Jennings Health Care Economics 2 Term Comparison Paper Demand, Economics and Supply Demand This paper will be discussing the definitions of demands, economics and supply and what how they play a role in health care. The definition of Demand: “The amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price. The demand curve is usually downward sloping, since consumers will want to buy more as price decreases. Demands for a good or service are determined by many different factors other than price, such as the price of substitute goods and complementary goods. In extreme cases, demand may be completely unrelated to price, or nearly infinite at a given price. Along with supply, demand is one of the two key determinants of the market price.” When it comes to demands in health care, we can look at scheduling. Patients will need to make an appointment to be seen, and scheduling can be done the same day or in the future depending on what the visit is for. If there is a high demand of patients and the supply is not there then patients will be scheduled on the Backlog Reduction Plan. These are schedules for the future with the intent to keep the workload down. Example: can another physician see a patient and how can the person be treated without having to come back. Health...
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...sdfsdfsdfsdTermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory * Join * Search * Browse * Saved Papers ------------------------------------------------- Top of Form Bottom of Form * Home Page » * Historical Events Economic Development: a Comparison of Rostow and Gerschenkron In: Historical Events Economic Development: a Comparison of Rostow and Gerschenkron “Rostow’s pattern of thought of economic development is often compared and contrasted with that of Alexander Gerschenkron, though the two are more or less compatible and complementary.” Critically discuss this statement. The theory of economic development throughout history has been of significant discussion especially in regard to the works of Rostow and Gerschenkron. The differentiation between the pattern of thoughts and ideals is a hotly debated topic within economics. The ideals the two theorists create, each substantially creditable in their own right, entail degrees of correlation and variation. Leaving the conclusion, do the to patterns of economic thought complement one another or is there distinct disparity between the two. Applied examples will be used below to analyse the extent of segregation or association between the works of Rostow and Gerschenkron. The two theories of work are mainly discussed with Asian development as it is more relevant, timely and there is significantly more information available than previous developed...
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...The country comparison tool can be used to create interactive charts using over 150 indicators. The variables are drawn from major international organizations and prominent NGO's and are updated regularly. One can compare countries over time using the line charts or the rankings of various countries by selecting a specific year. The comparison charts as well as the source data can be downloaded for free after registering. Below are brief guidelines for country comparisons: Compare countries: income levels. One can use GDP per capita in dollar terms to compare incomes across countries. However, the comparison may be somewhat misleading because consumers face different prices in various countries. One thousand U.S. dollars can buy much more in Mexico compared to the U.S. since prices in Mexico are lower. To account for the differences in prices, one should look at the GDP per capita in Purchasing Power Parity terms. In that way, one compares countries in term of real income (what can be purchased) as opposed to the dollar income. Compare countries: level of development. The most basic comparison is between GDP per capita levels or the levels of GDP per capita in terms of Purchasing Power Parity. However, GDP can be a misleading measure as it may not capture other aspects of the quality of life such as crime, education, environmental quality, etc. The Human Development Index published by the UN is a composite measure that accounts for a broader set of development factors. Compare...
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...Terms Comparison Paper HCS 552 October 10, 2011 Harry Morris Terms Comparison Paper Economics is the study of supply and demand and the affect that these interactions have on resource allocation (Getzen, 2007). The basic concepts economics can be connected to the health care industry and used as a means to assess prospects when distributing resources. Health economics is a branch of economics focused on evaluating shortage in health care systems in different economies (Investorworks.com, 2011). Health economics seeks to identify problem areas in a health care system and propose solutions for issues by evaluating all possible causes and solutions. There are many terms that are used that relates both to health care and economics in which results in Health Economics. Health care in the future will focus on both disciplines and will shape how physicians and insurance companies will determine how and what will be provided to the community. In this paper, the terms utility, resources, and risk will be discussed in terms on how they compare and differ in relations to health care and economics. Utility In economics, Utility means the ultimate satisfaction received from consuming a product or service. This could mean that when a person buys an expensive car and drives it on the highway, the person the will feel utility when others look at the person driving the car. Measuring a person’s utility is looking at a person’s drive and determination in reaching the maximum utility...
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...3 different business/economic cycles – a total of 6 economic aggregates – which will include a recession period and an expansion period. I will choose the current economic cycle as the basis to compare the performance of the economy since December 2007 to that of the other 2 business cycles on the basis of the 6 Economic Variables. As a data consistency analysis measure, I will make use of data from Federal Reserve Economic Data (FRED) and National Bureau of Economic Research (NBER) websites in my research. In simple terms, an economic/business cycle refers to fluctuations in aggregate production, trade and activity over several months or years in a market economy. The economic cycle is the upward and downward movements of levels of gross domestic product (GDP) and refers to the period of expansions and contractions in the level of economic activities (business fluctuations) around its long-term growth trend. These fluctuations occur around a long-term growth trend, and typically involve shifts over time between periods of relatively rapid economic growth (an expansion or boom), and periods of relative stagnation or decline (a contraction or recession). Business cycles are usually measured by considering the growth rate of Real Gross Domestic Product (Real GDP). Despite being termed cycles, these fluctuations in economic activity can prove to be unpredictable. A. F. Burns and W. C. Mitchell, Measuring business cycles, New York, National Bureau of Economic Research, 1946. Now...
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...Version 1 General Certificate of Education (A-level) January 2012 Economics (Specification 2140) Unit 1: Markets and Market Failure ECON1 Final Mark Scheme Mark schemes are prepared by the Principal Examiner and considered, together with the relevant questions, by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events which all examiners participate in and is the scheme which was used by them in this examination. The standardisation process ensures that the mark scheme covers the candidates’ responses to questions and that every examiner understands and applies it in the same correct way. As preparation for standardisation each examiner analyses a number of candidates’ scripts: alternative answers not already covered by the mark scheme are discussed and legislated for. If, after the standardisation process, examiners encounter unusual answers which have not been raised they are required to refer these to the Principal Examiner. It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on the basis of candidates’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will change, depending on the content of a particular examination paper. Further copies of this Mark Scheme are available from: aqa.org.uk Copyright © 2012 AQA...
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...Version 1 General Certificate of Education (A-level) January 2012 Economics (Specification 2140) Unit 1: Markets and Market Failure ECON1 Final Mark Scheme Mark schemes are prepared by the Principal Examiner and considered, together with the relevant questions, by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events which all examiners participate in and is the scheme which was used by them in this examination. The standardisation process ensures that the mark scheme covers the candidates’ responses to questions and that every examiner understands and applies it in the same correct way. As preparation for standardisation each examiner analyses a number of candidates’ scripts: alternative answers not already covered by the mark scheme are discussed and legislated for. If, after the standardisation process, examiners encounter unusual answers which have not been raised they are required to refer these to the Principal Examiner. It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on the basis of candidates’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will change, depending on the content of a particular examination paper. Further copies of this Mark Scheme are available from: aqa.org.uk Copyright © 2012 AQA...
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...Course Name Course Code Author Affiliation Institute Date Table of Contents Introduction 4 Trend Analysis 5 Pest Analysis 5 Political 6 Economic 6 Social 6 Technological 6 Factor analysis 7 Framework Analysis 8 Internal Strength and Weaknesses Analysis 9 Factors for Internationalization (Weighted) 9 Political Factors 9 Economic 10 Social 10 Technological 11 Summary Table 11 Internationalizing 12 FDI Evaluation 12 References 14 Introduction Elcdyne is a Japanese company established back in 1990 specializing in electronic appliance production but has been on a struggling type of scenario and in need of a strategy to help it go through the crisis its experiencing. The management within Elecdyne had a sit in to discuss on measures which they can be able to boost their production while at the same time reducing on its costs, with an upper hand in gaining access to improved expertise and technology. This report will aim to evaluate three locations; UK, China and Brazil as possible best destinations where Elecdyne can build on their future, given the underlying facts of the business environment within the countries stated, looking into their policies as implemented by the governments and business collaborations within their environments that might turn out to be reasonable in terms of their future as a company, keeping in mind the type of products the company should be wholly focused on. Managers within Elecdyne need to have perfect...
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...Terms Comparison Paper HCS 552 June 9, 2013 Terms Comparison Paper Economics is the study of how people make choices when they want to utilize resources (American Economic Association, 2011). Thus, this fundamental process links economics and health care, as health care professionals use economic principles in their everyday professional behaviors. Health care organizations strive to use the same concept of economics when they choose how to allocate resources and plan how to use them because it is essential to their survival. Therefore, health care and economics are connected in the sense of sharing the same terms such as resources, quality, and cost. The objective of this paper is twofold – to analyze how the terms of cost, quality and resources are similar and yet dissimilar in healthcare and economics. Terms Resource is defined economically as a product, asset, or other service with limited availability utilized to generate commodities and services that convene to human requirements and desires (Gretzen, 2007). Because these types of resources are relatively scarce and limited, economists, decision makers, and health care providers must all find a way to allocate resources efficiently and in a cost effective manner. Economic resources are also found to have a substantial and considerable effect on the utilization of medical care (Chung, 2006). Healthcare services are provided to consumers by the utilization of resources such as personnel or work force (i.e., Nurses...
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...Version 1 General Certificate of Education (A-level) January 2013 Economics ECON2 (Specification 2140) Unit 2: The National Economy Final Mark Scheme Mark schemes are prepared by the Principal Examiner and considered, together with the relevant questions, by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events which all examiners participate in and is the scheme which was used by them in this examination. The standardisation process ensures that the mark scheme covers the candidates’ responses to questions and that every examiner understands and applies it in the same correct way. As preparation for standardisation each examiner analyses a number of candidates’ scripts: alternative answers not already covered by the mark scheme are discussed and legislated for. If, after the standardisation process, examiners encounter unusual answers which have not been raised they are required to refer these to the Principal Examiner. It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on the basis of candidates’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will change, depending...
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...COMPANY VALUE OF PT ANEKA TAMBANG (PERSERO) TBK IN COMPARISON WITH OTHER LOCAL MINING COMPANY: PT VALE INDONESIA TBK Muhammad Naufal Aflah and Ana Noveria School of Business and Management Institut Teknologi Bandung, Indonesia naufal.aflah@sbm-itb.ac.id Abstract: The researcher will try to analyze about the past, current, and future financial condition and make a valuation about firm’s value of two companies that dominate the mining sector of industry in Indonesia which are PT Aneka Tambang (Persero) Tbk (ANTAM) and PT Vale Indonesia Tbk, formerly PT International Nickel Indonesia Tbk (VALE). To assess the financial performance of PT Aneka Tambang (Persero) Tbk, researcher will use several methods which are time-series analysis (Compound Annual Growth Rate), cross-section analysis, common-size analysis, and DuPont Analysis (ROA and ROE). Then make a valuation of the firm’s value using three valuation approach which are asset based method, market approach, and income approach better known as discounted cash flow approach. Based on the results, ANTAM has better performance in their net working capital through total current assets, current liabilities, retained earnings, and share capital. Nevertheless, VALE has good capability in attract the investors and controlling their non-current assets, non-current liabilities, and additional paid in capital. In overall, ANTAM has better financial performance than VALE in terms of CAGR comparison, cross-section analysis, and DuPont system of...
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...HCS/552 Health Care Economics Terms Comparison Paper Abdel Rahman Shehabeddin Instructor Nate Garner Monday, August 28 2011 Terms Comparison Paper Economics is the study of how people make choices when they want to utilize resources (American Economic Association, 2011). Health care organizations strive to use the same concept of economics when they choose how to allocate resources and plan how to use them because it is essential to their survival. Therefore, health care and economics are connected in the sense of sharing the same terms such as resources, quality, and cost. This paper analyzes how the terms resources, quality, and cost are similar in economics and health care, and how these terms differ in economics and health care. Terms In economics a resource is defined as a product, asset, or other services with limited availability utilized to generate commodities and services that convene to human requirements and desires. Every economy has, in varying degrees, vast amounts of diverse resources, or factors of production. Factors of production can be classified in many ways. One common classification design distinguishes human resources, natural resources, and manufactured resources (Henry George Institute, 2011). Human resources or labor is the quality and quantity of human effort directed toward producing goods and services ("Human resources," 2006). Natural resources such as land with its innate mineral deposits that is accessible without any human effort or...
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...China’s Economic Growth 1978-2025: What We Know Today about China’s Economic Growth Tomorrow Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past real GDP growth rates into the future, the size of the Chinese economy surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest economic power by almost any measure. The extrapolations are supported by two types of considerations. First, China’s growth patterns of the past 25 years since the beginning of economic reforms match well those identified by standard economic development and trade theories (structural change, catching up, and factor price equalization). Second, decomposing China’s GDP growth into growth of labor and other variables, the near-certain information available today about the quantity and quality of Chinese laborers through 2015, if not several years after, allows inferences about future GDP growth. Short of some cataclysmic event, demographics alone suggests China’s continued economic rise. If talent is randomly distributed in the world population and if agglomeration of talent is important, then the odds are strongly in China’s favor. Introduction The rapid economic growth of China since the...
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...Terms Comparison Paper HCS 552 May 25, 2015 Terms Comparison Paper According to the American Economic Association (2011) economics studies how people make choices when they want to utilize resources. This fundamental process links economics and health care together because health care professionals use economic principles in their everyday professional behaviors. Health care organizations do their best to use the same concept of economics when they decided how to allocate resources and plan how to use them because it is essential to their survival. Therefore, health care and economics are connected in the sense of sharing the same terms such as resources, quality, and cost. The objective of this paper is to analyze how the terms of cost, quality and resources are similar and yet dissimilar in healthcare and economics. Resource The term resource is defined as the product, asset, or other service with limited availability utilized to generate commodities and services that convene to human requirements and desires (Gretzen, 2007). As a result of these resources can be restricted, many economists, decision makers, and health care providers are forced to find ways to efficiently allocate resources within their organization in order to maximize cost effectiveness. Economic resources are also found to have a substantial and considerable effect on the utilization of medical care (Chung, 2006). Healthcare services are provided to consumers by the utilization of resources...
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...Terms Comparison Paper Health Care Economics/HCS 552 November 18, 2013 Professor Alex Kadrie Terms Comparison Paper Economics is defined as a social science that examines how resources, particularly scarce resources are produced, distributed, and consumed. Health economics is a field of study that applies the principle of economics to the study of health care (Dewar, 2007). Economic understandings are essential to any discussion of health care policy or expenditure. Economics is divided into two categories macroeconomics and microeconomics. Macroeconomics focusses as the economy as a whole, where microeconomics focuses on exchanges, and decisions made between entities. Health care economics falls under microeconomics, focusing on exchanges between physicians, hospitals, insurance companies, and patients. Economics and health care economics use similar terminology, but with different meanings. Some of these terms include resources, opportunity costs, and technology. Resources A resource is a product needed to accomplish an activity, or a means to achieve a desired outcome (Business dictionary, 2013). Resources in health care include medical supplies, medical staff, and capital inputs. Medical supplies entail items like patient gowns, medications, syringes, and bandages. Medical staff consists of physicians, nurses, administrative staff, technicians, and support staff. Areas that fall under capital input include hospitals, other health...
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