KSU Economics Joe & David Case Study
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Assignment
Case study report
Case study report and the case methods provide students with a well-organized approached
to, and methodology for, problem solving and decision making. The project will give
students an opportunity to identify important facts to solving the problem from assertions
and opinions, and when necessary, make assumptions supported by the facts in the
scenario. Apply relevant management disciplines and methodology and take the role of a
healthcare manager or a consultant when considering alternative solutions, offering
recommendation, and planning implementation.
Production of Health
Health inputs include medical care (e.g., physician visits, diagnostic tests, treatments),
lifestyle or behavior (e.g., eating, exercise, smoking, and drinking habits), environment (e.g.,
land, air, and water pollution), biological makeup (e.g., gender, age, genetic predisposition),
and many others. A given output (e.g., good health status) is achieved through various
combinations of these inputs.
Marginal
Most marginal in economics refers to the ratios of the changes in one thing in response to a
small change in another. For example, the marginal utility of an apple is the extra
satisfaction derived from the consumption of an extra piece of apple, and the marginal
physical product of labor refers to the extra output generated by the last worker added to
the production process.
Case study
Joe is 60 years old, is 30 pounds overweight, has high blood pressure, and has been
diagnosed with Type II diabetes. If he begins to engage in an exercise program of 30 minutes
of brisk walking each day and eliminates from his diet prepackaged foods that contain high
fat and high sodium, he may experience a substantial drop in weight and blood pressure and
his diabetes may be easier to manage. In contrast, David is 49 years old, runs on a treadmill
for one hour daily, does not smoke, and eats well-balanced meals. His weight is normal for
his height, and he has no chronic conditions. An additional 30 minutes of brisk walking each
day may have just a minor effect on Davids overall health because he is already practicing a
healthy lifestyle.
In this example, the marginal change in health statusfor the same change in exerciseis
greater for Joe than for David. Explain why?
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Explanation & Answer:
350 words
Tags:
economics
PROBLEM SOLVING AND DECISION MAKING
Health inputs
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