Please prepare a word document of reflection about the last 5 years Nobel Prize Winners in Economics. Please use economics concepts that you learned in this course while reflecting on the works of these 3 individuals. Provide synopsis of their accomplishment that led to the Nobel Prize. Focus on the five concepts that you would remember five years from now. Provide a short definition of each concept using your own words. You are required to submit this work via Turnitin. If you go over a 5% similarity score, your work will not be accepted. Each economic concept is 3 points.
As a world-renowned healthcare economist, you have developed many ideas/interventions/policies by using principles of economics. This time you were asked to prepare a presentation about the accomplishments of the Nobel Prize Winners in Economics and how these accomplishments are important in current environmental and social reform efforts. Given that there are currently legislative efforts to respond to environmental and social issues, it is important to have a good understanding of different approaches in the US versus other OECD countries.
While preparing your presentation don’t forget about your audience. You are a healthcare economist, not a politician. You need to be able to assess various ideas/policy interventions objectively by using economic principles. One more reminder about you. You are the most creative healthcare economist when it comes to presenting your brilliant ideas. That is why you were asked to prepare the presentation in the first place.
Prepare a PowerPoint Audio Recording Presentation/ or MP4 Video recording (just recording your screen while going through your slides) by following the steps outlined in the syllabus. Submit your individual presentation through this discussion.. PLEASE NAME YOUR PPRA by using your LastName_Firstname_Team# E.G. Doe_Jane_Team1
Here are the criteria for your assignment:
The expectation is NOT to provide a list of social and environmental reform efforts or just define them but to use these responses as examples while you are explaining certain economic principles and implications of environmental and social issues such as supply and demand analyses, elasticity, behavioral economics, consumer sovereignty, self-interest, externalities etc. (You are expected to cover at least 5 economic principle/theory in your individual presentations- You may improve this number up to 8 in your team presentation)
You are not limited to the aforementioned principles/concepts. If it is applicable, you may use any economic principle/concept whether we covered or not in our course.
While working on an economic principle/concept make sure to reflect upon the economic and healthcare implications of an environmental and/or social issue
Make sure to have a thorough comparison between the U.S. and your choice of the OECD country.
Make sure to cite your references and provide your references at the end of the presentation
The below instructions are from your syllabus. Your team collaboration will be measured through your active participation in your team discussion boards. You may exchange ideas while you are working on your individual PowerPoint presentations in your team discussion board. Your active participation is crucial for your overall grade given that team collaboration makes up 30% of your grade. Please make sure to abide by the below criteria.
Media/PowerPoint Recordings and Teamwork Project: Students will be assigned to teams after the third class meeting. Students will develop an economic analysis of an assigned issue supporting a given position or an alternative.
