Economics Homework Help

DESCRIPTION

Part I – (this draws on opportunity cost (Ch 1) and markets (Ch 3))

Describe the market for kidney organs, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal analysis in decision-making, and markets. You must include a discussion of resources, supply and demand, as well as marginal benefits and marginal costs. Think of this as an explanation of the pros and cons of the market using economic terminology.

Describe the benefits and costs but leave the discussion of organ rationing and other solutions to the problems in this market for the next part. Describe this market using supply and demand; reference your graph in your description. Include “graph 1” of this market at the end of the paper (not included in page count). This should be a discussion without mentioning Price Controls, only discuss how the kidney organ market would be without government intervention. Feel free to use any stats or data that you find through your own research – make sure you use econ terminology.

Part II – (this draws on government (Ch 4) to improve the discussion made in Part I)

Consider the reasons why the market for kidney organs is not a free market in the US, specifically discuss equity concerns. Expand on your discussion of the market from Part I, using what you have learned about government interventions/price controls.

• Discuss the current government intervention in the Kidney Market in the U.S. Describe this market – comparing the free market and to the government intervention in one graph – using supply and demand; reference and discuss your graph in your paper. Explain the current government intervention and exactly how it corrects the problems of the free market. Include any other beneficial aspects of the intervention that you find through your own research – make sure you use econ terminology throughout.
• Also discuss other Donation Systems Around the World, no need to add a graph here. Explore the policies that are currently implemented across the globe (i.e. some discussed in the articles include – routine removal, presumed consent, organ donor points, “no give, no take”, etc.). Evaluate the limitations of these policies. Also consider how these policies fare in terms of the efficiency vs. equity debate. (You do not need to critique them all, just select from 2 or 3 different countries that you find interesting/appealing.)

The format must be in The CMOS

Citation Reference: The Chicago Manual of Style (Links to an external site.)

The body of the text must be at least 4, no more than 5, full pages: The body of the text (NO header/footers/by lines, separate – title/graph/bibliography page) for the rough draft must be at least 4 full pages (it is best if you write onto the 5th page to be sure you meet the minimum, keep in mind more pages will be added later for the final draft), double-spaced, 1″ margins, and size 12 Arial FONT. File type must be doc OR docx OR pdf. No other file types are supported, especially .pages

Make sure to include a title page and an updated bibliography page (both should be on their own pages and not share a page with the body of the text and are not included in the page count). Graphs/Charts/Figures/Bibliography should be at the very end of the text and are not included in page count. Only use in-line citations with the author and the year in parentheses at the end of the sentence; do not include citations in the footers. The full citation should be given on the bibliography page only.

The last sources that they provide ( you may use other sources than this)

Shankar, Vedantam, host. “For Sale, By Owner: The Psychology of Repugnant Transactions.” Hidden Brain (podcast). March 4, 2019.

https://www.npr.org/2019/02/27/698563807/for-sale-… (Links to an external site.)

U.S. Government Information on Organ Donation and Transplantation. Health Resources and Services Administration. Organdonor.gov February 9, 2021

https://www.organdonor.gov/ (Links to an external site.)

National Kidney Foundation. Doing our part 6ft, Kidney Organization, February 6, 2021.

https://www.kidney.org/ (Links to an external site.)

Kristin, Houser. Black Market Bodies: How Legalizing the Sale of Human Organs Could Save Lives. (2017).

Black Market Bodies.pdf

Alex, Tabarrok. The Meat Market. The Wall Street Journal. Life and Style, (2010).

Meat Market.pdf

Weill Cornell Medicine. “Risk and Benefit of Living Kidneys Donation.”, Risk and Benefits of Living Kidney Donation, February 13,2021