Econ diversity

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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-to-
read 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%

  • IHP 620 Module One Short Paper Guidelines and Rubric

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