One of the key economic principles is competition or choice. For this short paper assignment, define the terms ‘market concentration’ and ‘market power’ and describe how they are meas
One of the key economic principles is competition or choice. For this short paper assignment, define the terms "market concentration" and "market power" and describe how they are measured. What tools are used? How do these terms relate to the principle of competition?
Next, apply these concepts, like market power and choice, to the healthcare industry. How do they impact healthcare decision-making and how has healthcare legislation impacted the industry? Support your response with properly cited references from the assigned readings or other academic sources.
*Follow rubric verbatim
Textbook: chapter 1-3
Textbook link: https://bncvirtual.com/vb_econtent.php?ACTION=econtent&FVENCKEY=AD9EE8D798DCAFC7E76B5FB7C978DD86&j=43766531&sfmc_sub=1597096465&l=23329524_HTML&u=695880241&mid=524003857&jb=40753&utm_term=10242022&utm_source=transactional&utm_medium=email&utm_campaign=Direct_Ebooks
Guidelines: Your paper must be submitted as a two- to three-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in APA format.
7/5/23, 12:10 PM Assignment Information
https://learn.snhu.edu/d2l/le/content/1339838/viewContent/25595972/View 1/2
IHP 620 Module One Short Paper Guidelines and Rubric
Prompt
One of the key economic principles is competition or choice. For this short paper assignment, de�ne the terms “market concentration” and “market power” and describe how they are
measured. What tools are used? How do these terms relate to the principle of competition?
Next, apply the concepts of market power, market concentration, and choice to the healthcare industry. How do you think these economic principles impact healthcare decision making and
planning? Support your response with properly cited references from the assigned readings or other academic sources.
What to Submit
Your paper must be submitted as a two- to three-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in
APA format.
Module One Short Paper Rubric
Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value
Comprehension Meets “Pro�cient” criteria and
includes exceptional details
with speci�c examples
Clearly articulates a good
understanding of key economic
principles and tools
Articulates the economic
principles and tools considered
but missing key details and
clarity of content
Does not articulate an
understanding of economic
principles and tools
30
Application of Principles to
Healthcare Industry
Meets “Pro�cient” criteria with
exceptional detail and speci�c
examples
Explains how the economic
principles apply to healthcare
industry with some details
Explains how the economic
principles apply to healthcare
industry but is missing key
details and clarity
Does not explain how the
economic principles apply to
healthcare industry
30
Evaluation of Impact of and
Principles on Decision-
Making and Planning
Meets “Pro�cient” criteria and
includes exceptional details
with speci�c examples
Clearly articulates how
economic principles impact
healthcare decision making and
planning
Articulates how economic
principles impact healthcare
decision making and planning
but missing key details and
clarity of content
Does not articulate an
understanding of how
economic principles impact
healthcare decision making and
planning
30
7/5/23, 12:10 PM Assignment Information
https://learn.snhu.edu/d2l/le/content/1339838/viewContent/25595972/View 2/2
Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value
Writing Mechanics Meets “Pro�cient” criteria and
is presented in a professional
and easy-to-read format
Submission has no major errors
related to citations, grammar,
spelling, syntax, or organization
Submission has major errors
related to citations, grammar,
spelling, syntax, or organization
that negatively impact
readability and articulation of
main ideas
Submission has critical errors
related to citations, grammar,
spelling, syntax, or organization
that obstruct understanding
10
Total: 100%
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