Business Proposal Project Paper

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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.