Discuss whether the pharmaceutical industry practices

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Reference no: EM133904725

Health Finance, Economics and Accounting

Task Description
Short answer assessments are designed to allow critical discussion of key concepts introduced in the unit and readings.

Assessment Question 1.1
Reflect on the pharmaceutical industry practices in a country. Drawing on economic concepts (for example, supply, demand, technical efficiency, allocative efficiency, processes to generate output/outcomes and price elasticity), discuss how arrangements about access to medicine are facilitating positive outcomes for the health system and individual consumers.

Short Answer assessment 1.1 should be submitted, covering the following sections:

Section 1. Introduction:
Describe an overview of how access to medicine is managed in a specific country (for example, a high-income country like Australia, or middle-income country like India). This overview should cover topics of pharmaceutical industry's purpose and budget, how access to medicine is funded, and the role of government and individual consumers in funding access to medicine in the country. (Approx. 200 words).

Section 2. Application of economics concepts and outcomes

2.1 Outline theory of specific economic concepts (for example, supply, demand, technical efficiency, allocative efficiency, processes to generate output/outcomes and price elasticity) to explain how such concepts are reflected in the specific practices in the chosen pharmaceutical industry. (Approx. 220 words). Expert help in every subject - get assignment help with just a click.

2.2 Discuss whether the pharmaceutical industry practices are facilitating positive outcomes for the relevant health system and individual consumers.

This discussion should be guided by literatures of relevant framework (for example, the Australian Health Performance Framework by Australian Institute of Health and Welfare) and indicators (for example, predictors of access to medicine) (Approx. 580 words).

Section 3. Conclusion
The argument summary and a key learning regarding pharmaceutical industry practices and positive outcomes for the health system and consumers are provided (Approx. 100 words).

Application of evidence

Quality of presentation and academic writing

Task Length
1100 words

10% +/- word count/presentation time. Any other variance will attract a penalty. The word count includes such items as headings, quotes, in-text citations, and the executive summary. It does not include the table of contents, any appendices, and reference list at the end of the assignment.

Reference no: EM133904725

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