Business Proposal Project Paper


ECO/HC561 Economics in Health Care


Business Proposal Project Paper


 Write a paper of no more than 1,050 words in which you do the following: 


  • Tell the story of a fictional firm that provides health care services.
  • Choose a specialty health care service with which you may become familiar.
  •  Use library resources to research the market and individual firms for this service.
  • Explain how resource scarcity influences this market and describe choices stakeholders are forced to make.
  •  Describe economic flows that may affect the firm.
  • Describe some causes of change in supply and demand, and how they affect equilibrium price and quantity.
  •  Explain if pricing decisions for this market are elastic or inelastic.
  • How does that affect decisions?
  • Write a business proposal, including the following:
  •  Describe a market in which this service has a shortage of providers.
  •  List services your firm provides.
  •  Explain how you set each service’s price.
  •  Explain who you must hire and how much you will pay them.


Fictional Store:  Frank Drug Store (Specializes in OTC and Prescription Drugs)


Economics, 17e

Economics, 17e

ISBN: 9780073126630 Authors: Campbell R. McConnell, Stanley L. Brue

Copyright © The McGraw-Hill Companies (2008)


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