Economic theories
Description
Texbook: Penner, S. J. (2017). Economics and financial management for nurses and nurse leaders (3rd ed.). New York, NY: Springer Publishing. ISBN-13: 9780826160010
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The purpose of this assignment is to describe economic theories and models in health care. Include your responses in the worksheet
listed below and base your responses on evidence. Include references to your textbook and one scholarly article. The four
theories/models are listed below.
Theories/Models
Description/Definition
Example Related to Health Care
1. Efficiency
2. Supply and Demand
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Components
3. Economies of Scale
4. Market Failure
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