Assignment:
The purpose of this assignment is to distinguish health economics from other forms of economic study.
Write a 500 to 750 word essay addressing the following criteria:
1. Analyze the differences and similarities between health economics and other forms of economic study.
2. Choose a health care organization or entity (e.g., hospital, nonprofit medical clinic, physician office, pediatric specialty clinic, optometry office).
3. Describe the following economic terms in the context of the selected organization or entity: Scarcity, Opportunity Costs, Marginal Analysis,
4. Supply and Demand, Competition, Efficiency, and Market Failure.