REPORT : Assume you are an economic consultant hired to write a report providing advice on the market conditions and potential challenges in the aged care industry from an economics perspective. The research question you have been given is What are the economic opportunities and challenges facing the aged care industry in New Zealand. Your task is to give a brief report outlining some of these challenges and opportunities, with an emphasis on demonstrating your understanding of the content taught (Theory of demand, Need versus demand, Demand and willingness to pay, Utility and demand, The Grossman model,Who are producers?, Who produces healthcare?, Production and supply, What is the Law of supply?, Healthcare production functions). Report structure Title page: Including title, author, student ID and course number (178.718) Introduction: Briefly summarizing the report, including research question and findings. Market for aged care: Briefly describe aged care services. Focus on factors that are likely to have an economic impact . What services are provided? What factors are important? Opportunities (. Demand side; (private) supply side): Explore the background and evidence relating to opportunities for aged care (1-2 suggested). Link your considerations back to economic theory or tools taught in class. Feel free to include basic diagrams or figures to show your reasoning. Marks will be awarded for well-referenced analysis, which clearly describe the opportunity, clearly shows your reasoning, and links to economic theory or models taught in class. Challenges (. (public) supply side): Explore the background and evidence relating to the supplyside for businesses that you have identified (1-2 suggested). Link your considerations back to the economic theory or tools taught in class, feel free to include basic diagrams or figures to show your reasoning. Marks will be awarded for well-referenced analysis, which clearly describe the opportunity, clearly shows your reasoning, and links to economic theory or models taught in class
