Essays on Questions about Econ Assignment

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The paper "Questions about Econ" is a decent example of a Macro & Microeconomics assignment. The National Health Service is a system in the United Kingdom that allows the offering of free medical care to the citizens. This service is usually made possible through general taxes. They finance the service. Very few British citizens have private medical coverage. Every citizen ought to have registered with a private practitioner that then gives access to the specialist. A citizen cannot go directly to a specialist (NHS England, 2014). The NHS service has made medical care completely free for the citizen that goes against some of the economic austerities (NHS England, 2014).

With this system, the medical body brings in very little income. This service also facilitates the internal market form of arrangement for medical services. This is such that, hospitals get contracts with district health authorities that buy the services for their population. How then do the authorities make income from this? It would be better if a fee was paid to the general practitioners while the specialist treatment was completely free. A partial fee could be paid for the general practitioner so that income can be generated for the service(NHS England, 2014).

The completely free aspect of the delivery of medical services goes against economic doctrines. If the patients paid at least half of the general practitioner fee and then the specialist fee was completely paid, the district health authorities would gain some revenue since the general practitioners would still be covered in the capitation basis (NHS England, 2014). This way the limited resources would be used in an efficient manner such that more money is made from less. Why should higher education be paid for out of general taxation rather than funded by those individuals who are the recipients of the education and the benefit that it bestows? Higher education is a key step in every child’ s life.

Year after year, children and young adults have been unable to further their education. Why? Because of the strain, it puts on their parents or respective guardians financially (Gruber and Levitt 2002). Higher education, form study that has been done all over Britain, has been proven to be quite expensive for the average citizen.

For this reason, many have forfeited the chance to advance in their education.

References

NHS England, (2014) Understanding The New NHS. London: Health and Social Care Act 2012

Babcock, L. and Sara L. (2003). Women Don’t Ask: Negotiation and the Gender Divide. Princeton University Press.

Bertrand M., Claudia G., and Lawrence, F. (2010). Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors. American Economic Journal: Applied Economics, 2: 228255.

Gruber, J. and Levitt, L. (2002). Rising Unemployment and the Uninsured, Publication #6011, Kaiser Family Foundation.

Holahan, J. and Garrett, A. (2009). Rising Unemployment, Medicaid and the Uninsured, Publication #7850, Kaiser Commission on Medicaid and the Uninsured, Henry J. Kaiser Family Foundation.

Dinwiddy, C. and Teal, F. (1996). Principles of cost-benefits analysis for developing countries, Cambridge: Cambridge University Press.

Graafland, J. (2007). Economics, ethics, and the market: introduction and applications. New York: Routledge.

Hausman K., Daniel M., and Michael S. (2006). Economic analysis, moral philosophy, and public policy. Cambridge: Cambridge University Press.

Rodrik, D. (2007). One economics, many recipes: globalization, institutions, and economic growth. Princeton: Princeton University Press.

Appleyard, L. and Rowlingson, K. (2010) Home ownership and the distribution of personal wealth, New York: Joseph Rowntree Foundation.

Atkinson, A. (1971) The distribution of wealth and the individual lifecycle, Oxford Economic Papers, vol 23, Oxford: Oxford University Press.

Department for Business, Innovation and Skills (2010) Over-indebtedness in Britain: second follow-up report, London: HMSO

Universities UK (2007) The economic impact of UK higher education institutions London: Universities UK [authors: Kelly U, McLellan D and McNicoll I], available at: www.universitiesuk. ac.uk/highereducation/Documents/2006/ EconomicImpact3.pdf

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