Economic Issues Simulation Essay

The purpose of this paper is to summarize the International Trade Simulation, explain the basic concept of International Trade, emphasize the four key points from the reading assignments in the simulation, and apply these concepts to my workplace.

Using the data and your own economic knowledge, assess the case for financing universities mainly through charging fees to their students.

Basic economic models assume that all parties have “perfect information.” How does “informational asymmetry” undermine our market economy?

There will be other risky health issues will develop from not addressing the obesity, and these include cardiovascular disease, tumor of the uterus, colon and breast, high blood pressure, sleep problem, stroke, gynecological problem as polycystic ovarian syndrome and infertility, and osteoarthritis. So obesity is a root cause for many health issues that lead to significant economic costs. According to the CDC estimates, each year there is $147 billion is spent on obesity related health complication, Besides that, obesity affect the productivity of employers, for example, there was loss of $6 million from obesity in 2009, due to lack of productivity of employers of the Advocate Health Care, which considered one of the largest health care providers in the Midwest,. This showed the importance and the value of this problem in Chicago, as affect the economical unstably (City of Chicago,

SABMiller and Diageo are two largest beer producer in Africa. ”SABMiller, if combined with its partnership with France's Castel Group, sells roughly 60% Africa’s beer by volume. Diageo’s also expands its operation successfully that Senator Keg, its supercheap beer, is also now number two most popular beers in Kenya. As these giant brewers monopolized Africa’s beer market, it can be said that the market has an oligopoly market structure, and both pursue identic operations, so the market can be labeled as competitive. The interdependence that is happening between both brewers makes the competition happens. As SABMiller produces Impala that is half price from its previous beer Manica, Diageo produces Senator Keg to balance it. Diageo

At 2012, the population of the workforce in the United States was estimated by the U.S. civilian labor force as 155 million workers. Having a stable job can contribute positively to that individual’s physical and psychological health. However, work environment can be a source of many hazardous issues that may lead to work-related injuries or illnesses, which may be fatal and in many cases nonfatal. On the other hand, occupational injuries can have a negative effect on the United States’ economy; it is estimated that nonfatal injuries can cost the economy approximately $200 billion annually, while fatal injuries are estimated to cost $6 billion annually. Managing these issues is an important task which could be approached in many different ways. Dealing with the issues helps in the protection of workers, not to mention it can decrease the losses to the economy associated with this matter. An example of prevention efforts, is the CDC Health Disparities and Inequalities Report (CHDIR), which assess disparities across a wide range of diseases, behavior risk factors, environmental exposures, social determinants, and health-care access. But in order to establish such programs and reports, an initial and important step is having information on the most frequent occupational fatal and non-fatal injuries and illnesses in the United States, which should be provided through routine, if not annual statistical reports. Fortunately, such information exists in the United States, those

For this weeks assignment I choose to show the option I was given from my employer. There are two plans offered once a year one plan is called the Enhanced Plan and the other called the Core Plan. As you all know there is a cost to both, although cost of insurance has rise since the Affordable Health Care Act , better know as Obamacare, my employee has made changes as well as adjust some of the costs to the end user. The Core was the plan for the McFadden's family, although the annual deduction was a little higher than Enhanced plan. The summary of the Core and Enhance plan option, as long as you use Mcleod network providers you will

Health in the United States has become a serious issue. With about six in every 10 people suffering from either being overweight or obese in addition to other unhealthy behaviors such as smoking, heavy drinking or lack of exercise. These lifestyle choices have caused a number of chronic illnesses to skyrocket to high rates. “These chronic conditions have become a major burden, as they lead to decreased quality of life, premature death and disability, and increased health care cost” (pg xiii). What the workplace is trying to do is promote a healthier lifestyle for the employee. Some reasons for doing so is that the employer cares about the well being of their employee so that they can be more productive and to help reduce the risk of getting a chronic disease. Since these chronic diseases are becoming more life threatening and the cost of health care is increasing the employers are implementing health promotion and disease prevention strategies also known as workplace wellness programs. “Workplace wellness takes advantages of employers’ access to employees at an age when interventions can still change their long-term health trajectory. The Patient Protection and Affordable Care Act supports this trend with several provisions regarding health promotion and also mandated this study” (pg xiii).

A significant number of employees are found having the pre-existing condition of obesity, with approximately one-third of adults being considered overweight

The continuous rise of health care costs has meant many companies turning toward health and wellness as a potential solution to save money: ‘research is showing that it’s more cost-effective to invest in preventive health practices, such as screenings, immunizations, health risk appraisals, behavioral coaching, and health awareness/education [and] best-practice research is demonstrating the total value of an integrated, population-based strategy that addresses the health needs of all employees, dependents, and retirees across the health care continuum’ (U.S. Chamber of Commerce, 2009). Employers should balance providing wellness initiatives that address both lifestyle risk factors (such as physical activity, nutrition and stress) and clinical risk factors (such as obesity, blood pressure, and cholesterol levels). Both of these types of risk factors can be tied to the workplace environment, and both types of risk factors can be positively impacted with an environment that supports health and wellness. Top risk factors like physical activity and nutrition can be greatly supported by improving workplace environments to supplement the programming tied to these initiatives.

   A. macroeconomics is the study of individual markets, while microeconomics deals with the nation's economy as a whole.

Commenting about these findings is Dr. John Howard of the NIOSH who said, "Traditionally, practitioners have looked at 'wellness' and 'health promotion' in isolation from occupational health concerns arising out of work itself. Increasingly, however, in the face of spiraling medical costs, health professionals and scientists recognize that it makes sense to address health issues holistically. One area that

Despite the variety of health and safety programs, and the efforts to provide ergonomically correct work environments, many employees continue to suffer MSDs and work-related injuries. Drennan and Richey consider “the efforts to persuade employees to adopt healthier lifestyles have largely failed due to great societal pressure. Long commutes, long work hours, convenience of fast food, single parents trying to make ends meet, living alone and lack of social support all contribute to poor eating and exercise habits.” (Drennan & Richey 2003). Indeed, many employees suffer excessive weight, and lack of flexibility and strength, while employers continue to suffer the losses, either in workers compensation or healthcare costs. Therefore, while employees must ultimately take responsible for their own physical condition, employers also obligated to step up strategies that improve health and safety so they can remain competitive in today's global environment. Employers need to provide every opportunity to promote employees safety in order to avoid financial consequences and create a culture supportive of world-class safety

Workplace wellness is defined as any workplace health promotion activity or organizational policy designed to support healthy behavior in the workplace and to improve health outcomes (Workplace Wellness, 2014). Worksite wellness programs began in the eighties across the United States and other countries to curtail the increase of cardiovascular diseases (CVD) among the population. CVD is a condition that occurs when cholesterol builds up in the arteries restricting blood flow to the heart. CVD can lead to a heart attack if left untreated. Risk factors associated with CVD include high blood pressure, elevated cholesterol, obesity, smoking, stress, diabetes and leading a sedentary lifestyle. Decreasing these risk factors can significantly lower chances of developing a heart attack.

The health insurance plans devised by the company includes Accident, Specified Sickness, short term disability due to accident, vision and dental plans.