Do Factors such as proximity to a highly ranked university medical school, the average income of the outpatient region, and proximity to another highly ranked pediatric hospital matter?
Your presentation will be structured as a response to a “client question”. You will develop a presentation to answer this question. Topic is Partnership Contributions)
Client senario: Client A, B and C would like to form a limited partnership with each partner owning 1/3 of the partnership. The partnership has taken a loan of $20,000 from the bank. (do PowerPoint slides on client B and C and include notes on what to say on my presentation)
$100,000 cash contribution
Contributing some land they have owned for 5 years with a basis of $ 20,000 and accounting services
Investing $100,000 into the partnership.
Client questions
Client B asks if they should sell their land first and contribute the cash or contribute the land instead.
1.The following table gives you long-run total costs for various levels of output of Consolidated National Acme, Inc.: (4 points)
Q TC LRATC
0 0 0
1 300 300
2 400 200
3 465 155
4 495 123.75
5 560 112
6 600 100
7 700 100
Extra Points (3 points)
3.Suppose you decided to open a copy store. You rent store space (signing a one year lease), and you take out a loan at the local bank and use the money to purchase 10 copiers. Six month later a large chain opens a copy store two blacks away from yours. As a result, the revenue you receive from your copy store, while sufficient to cover the wages of your employees, and the cost of paper and utilities, does not cover all of your rent and the interest rate and repayment costs on the loan you took out to purchase the copiers. Should you continue operating your business?
Explain the five pillars of Lean Six Sigma.
29. What is the goal of antitrust policies?
30. How do we measure a four-firm concentration ratio? What does a high measure mean about the extent of competition?
31. How do we measure a Herfindahl-Hirshman Index? What does a low measure mean about the extent of competition?
32. Why can it be difficult to decide what a “market” is for purposes of measuring competition?
33. What is a minimum resale price maintenance agreement? How might it reduce competition and when might it be acceptable?
34. What is exclusive dealing? How might it reduce competition and when might it be acceptable?
35. What is a tie-in sale? How might it reduce competition and when might it be acceptable?
36. What is predatory pricing? How might it reduce competition, and why might it be difficult to tell when it should be illegal?
37. If public utilities are a natural monopoly. what would be the danger in deregulating them?
38. If public utilities are a natural monopoly, what would be the danger in splitting them into a number of separate competing firms?
39. What is cost-plus regulation?
40. What is price cap regulation?
Distinguish between wealth effect, interest effect and the foreign prices effect of a price change.
Consider an economy which can produce two commodities with quantities x1 and x2. It is possible to produce (x1, x2) = (3,0). It is also possible to produce (x1, x2) = (0,2). It is also possible to produce all convex combinations of these two allocations.
– Include, Works Cited or Reference page
Use at least two articles to explain and analyze the market performance as a whole. What sectors went up/down? Where should you have invested? Did any big news or event affect the market?
Economics is everywhere and for your project you find some. You need to find a work of fiction (movie –non documentary, song, or fictional novel) that contains some hidden economics. It can cover any topic that we have covered or will cover this semester (Chapters 1-17 ). There must be a significant amount of economics in your choice – there must be enough to complete the assignment below (a 4-5 page report).
What you will do is write a 4 – 5 page report (double spaced, using standard margins and fonts) that will:
Summarize what you have found (no more than ½ of a page). If it is a song then you need to attach the song lyrics to the back of your paper but this does not count toward the 4 – 5 pages.
Explain the economic concept(s) that are being illustrated by your example.
How is the concept(s) presented in your example?
Is the concept being used properly? What did they get right? What did they get wrong?
Your presentation is graded with the following metrics:
1. Time: 8-10 minutes (10%)
2. Structure and Contents (80%)
a. You should have a structure that at least includes intro, deep dive, solution or conclusion
b. Your presentation should be relevant to health economics concepts we discussed in the class (example: adverse selection, moral hazards, market inefficiency, agency problem, health disparities, regulation, randomized control experiment, etc.)
c. Your presentation should have a good pace: don’t rush, don’t disproportionately spend your time in some slides but rush through the others; You should at least do one practice run on your own before you present.
d. Your slides: should be clear and able to read; you should not use too tiny word fonts that overwhelm your audience.
3. Q&A (10%)
If you picked a topic, you can borrow questions from the following;
If you picked a paper, here is some questions you can follow:
1. What is some motivational evidence or background that can be interesting/surprising? (For presenter(s), try to show some maps or figures)
2. What research question does the author(s) ask to explain the above evidence?
3. Any lab/natural experiment? What are the A and B groups, or treatment and control groups, which the researcher(s) compare?
4. What’s the result? (For presenter(s), try to show 1-3 figures or tables, focus on the main results) If you are a policy maker, what policies do you make based on the main result?
5. Based on the main result, if you are just an individual, any useful lesson for you? If you are an entrepreneur, any startup ideas you have? (Optional, depends on the paper)
6. If you are going to write a paper on top of the findings from this paper, what is the next important and unanswered research question you want to ask?
If you picked a company, here is some questions you can follow:
1. A brief introduction of the company: this can include the history, the problem/illness it tries to solve/treat, the scope/price of the problem/illness, how it has achieved it so far
2. What is the product they are selling? Are they adding new products to the healthcare market, or reducing inefficiencies in the healthcare market by providing their products?
3. Who are their (potential) customers? What are their basic demographics (age, gender, race, income)?
4. Is this company in a competitive market, or a monopolistic market? Is there any price discrimination for different types of customers?
5. Does this market suffer from typical problems we discussed in class: adverse selection, moral hazard, agency problem, technology overuse, etc?
6. Does the product increase or decrease health disparities?
7. If you are an investor, will you bet on its future? Why?
8. If you are a consumer, what is your willingness to pay for this product? Why?
9. If you are a policy maker, how will you regulate this product or this market?
10. Any other aspects related to health economics
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