Assignment 1: Implications of Health Economic Concepts for Healthcare Select at least five (5) economic concepts covered in the first four weeks’ readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply, elasticity, resources, health measures, and costs. Write a four to six (4-6) page paper in which you: (4-6 pages does not include cover page or reference page) Assess the value of healthcare professionals and decision makers understanding the discipline of health economics.Defend or critique the importance of considering the complex nature of health and healthcare when examining the economic principles related to healthcare delivery.Analyze the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery.Analyze the main potential benefits of learning about health economics related to private sector government involvement in healthcare economics, financing, and delivery.Use at least five (5) current references. Three of these references must be from current peer-reviewed sources to support and substantiate your comments and perspectives. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Explain how selected economic principles apply to the health care market and the provisions of health care services.Analyze the factors that are influencing the demand and supply of health care services in the U.S.Assess current economic trends that influence the cost, quality, and access to care.Use technology and information resources to research issues in health economics.Write clearly and concisely about health economics using proper writing mechanics. Assignment 1: Implications of Health Economic Concepts for Healthcare Criteria Unacceptable Below 70% F Fair 70-79% C Proficient 80-89% B Exemplary 90-100% A 1.Assess the value of healthcare professionals and decision makers understanding the discipline of health economics. Weight: 15% Did not submit or incompletely assessed the value of healthcare professionals and decision makers understanding the discipline of health economics. Partially assessed the value of healthcare professionals and decision makers understanding the discipline of health economics. Satisfactorily assessed the value of healthcare professionals and decision makers understanding the discipline of health economics. Thoroughly assessed the value of healthcare professionals and decision makers understanding the discipline of health economics. 2.Defend or critique the importance of considering the complex nature of health and healthcare when examining the economic principles related to healthcare delivery. Weight: 20% Did not submit or incompletely defended or critiqued the importance of considering the complex nature of health and healthcare when examining the economic principles related to healthcare delivery. Partially defended or critiqued the importance of considering the complex nature of health and healthcare when examining the economic principles related to healthcare delivery. Satisfactorily defended or critiqued the importance of considering the complex nature of health and healthcare when examining the economic principles related to healthcare delivery. Thoroughly defended or critiqued the importance of considering the complex nature of health and healthcare when examining the economic principles related to healthcare delivery. 3.Analyze the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery. Weight: 20% Did not submit or incompletely analyzed the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery. Partially analyzed the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery. Satisfactorily analyzed the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery. Thoroughly analyzed the primary potential benefits of learning about health economics related to government involvement in healthcare economics, financing, and delivery. 4.Analyze the main potential benefits of learning about health economics related to private sector government involvement in healthcare economics, financing, and delivery. Weight: 20% Did not submit or incompletely analyzed the main potential benefits of learning about health economics related to private sector government involvement in healthcare economics, financing, and delivery. Partially analyzed the main potential benefits of learning about health economics related to private sector government involvement in healthcare economics, financing, and delivery. Satisfactorily analyzed the main potential benefits of learning about health economics related to private sector government involvement in healthcare economics, financing, and delivery. Thoroughly analyzed the main potential benefits of learning about health economics related to private sector government involvement in healthcare economics, financing, and delivery. 5.5 references (or number in the assignment) Weight: 5% No references provided Does not meet the required number of references; some or all references poor quality choices. Meets number of required references; all references high quality choices. Exceeds number of required references; all references high quality choices. 6.Writing Mechanics, Grammar, and Formatting Weight: 5% Serious and persistent errors in grammar, spelling, punctuation, or formatting. Partially free of errors in grammar, spelling, punctuation, or formatting. Mostly free of errors in grammar, spelling, punctuation, or formatting. Error free or almost error free grammar, spelling, punctuation, or formatting. 7.Appropriate use of APA in-text citations and reference section Weight: 5% Lack of in-text citations and / or lack of reference section. In-text citations and references are provided, but they are only partially formatted correctly in APA style. Most in-text citations and references are provided, and they are generally formatted correctly in APA style. In-text citations and references are error free or almost error free and consistently formatted correctly in APA style. 8.Information Literacy/Integration of Sources Weight: 5% Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations. Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing. Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing. Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing. 9.Clarity and Coherence of Writing Weight: 5% Information is confusing to the reader and fails to include reasons and evidence that logically support ideas Information is partially clear with minimal reasons and evidence that logically support ideas Information is mostly clear and generally supported with reasons and evidence that logically support ideas Information is provided in a clear, coherent, and consistent manner with reasons and evidence that logically support ideas