Econ Diversity

IHP 620 Module One Short Paper Guidelines and Rubric
Prompt: One of the key economic principles is competition or choice. For this short paper assignment, define the terms “market concentration” and “market
power” and describe how they are measured. What tools are used? How do these terms relate to the principle of competition?
Next, apply the concepts of market power, market concentration, and choice to the healthcare industry. How do you think these economic principles impact
healthcare decision making and planning? Support your response with properly cited references from the assigned readings or other academic sources.
Guidelines for Submission: Your paper must be submitted as a two- to three-page Microsoft Word document with double spacing, 12-point Times New Roman
font, one-inch margins, and at least two sources cited in APA format.
Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value
Comprehension Meets “Proficient” criteria
and includes exceptional
details with specific
examples
Clearly articulates a good
understanding of key
economic principles and
tools
Articulates the economic
principles and tools
considered but missing key
details and clarity of content
Does not articulate an
understanding of economic
principles and tools
30
Application of
Principles to
Healthcare Industry
Meets “Proficient” criteria
with exceptional detail and
specific examples
Explains how the economic
principles apply to
healthcare industry with
some details
Explains how the economic
principles apply to
healthcare industry but is
missing key details and
clarity
Does not explain how the
economic principles apply to
healthcare industry
30
Evaluation of
Impact of and
Principles on
Decision-Making
and Planning
Meets “Proficient” criteria
and includes exceptional
details with specific
examples
Clearly articulates how
economic principles impact
healthcare decision making
and planning
Articulates how economic
principles impact healthcare
decision making and
planning but missing key
details and clarity of content
Does not articulate an
understanding of how
economic principles impact
healthcare decision making
and planning
30
Writing Mechanics Meets “Proficient” criteria
and is presented in a
professional and easy-toread format
Submission has no major
errors related to citations,
grammar, spelling, syntax, or
organization
Submission has major errors
related to citations,
grammar, spelling, syntax, or
organization that negatively
impact readability and
articulation of main ideas
Submission has critical errors
related to citations,
grammar, spelling, syntax, or
organization that obstruct
understanding
10
Earned Total 100%