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ECO/HC 561 Economics in Health Care Business Proposal
Project Paper
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Learning Team – 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 your team 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.
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