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ECON416F2018IA43.docx

ECON 416 FALL 2018: INDIVIDUAL ASSIGNMENT 4 DUE OCTOBER 23rd, 2018 BY 4:30 PM (DROP BOX, ONLINE)

Name

Last 3 digits of SID

Honor Code: I guarantee that all the answers in this assignment, except those for a question specifically marked as a group discussion question, are entirely my own work. I have cited any outside sources that I used to create these answers in APA style.

Name or Signature for Honor Code: ______________________________________________

The table below is for TA use only.

Question

Mark

Out of

1

a

 

12

2

a

 

3

Total

 

15

1. [Critique] Read the following paper:

Sach, T. H., Desborough, J. D., Houghton, J., Holland, R. (2015). Applying micro‐costing methods to estimate the costs of pharmacy interventions: an illustration using multi‐professional clinical medication reviews in care homes for older people. Pharmacy Practice, 23(4), 237-247. Retrieved from https://doi.org/10.1111/ijpp.12162

The paper is open-access, so no UVic login is required.

a. (12 marks) Write a 3-2-1 report in the usual fashion.

2. [Analysis] Lately, a number of devastating earthquakes, fires and hurricanes have been in the news. While most agree that these are tragedies, some people believe that natural disasters create jobs. The argument goes as follows: natural disasters kill and injure humans and animals, and destroy and damage property. After the disaster, this creates jobs in the area as rescue workers, medical specialists, funeral homes and construction crews repair the damage. In that sense, natural disasters create jobs and are a benefit to the economy.

(3 marks) In your expert opinion as an economist, do natural disasters create jobs? Why or why not? Use the concept of the Shadow Wage in your answer.