Economics Question

Part 1 Part 2: 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. *USE PEER REVIEWED RESOURCES ONLY, THE GRAPHS SHOULD BE DESIGNED BY YOU* FORMATTING 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 MUST 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 entire paper should be double spaced, DO NOT add extra spaces between paragraphs, do not add footers or headers, do not add extra space at the top or bottom of your pages – these will result in deductions from the page count. Requirements: Body text is 4-5 pages (double spaced) 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 specific economic terminology and concepts learned in this course. 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 the supply and demand graphical model; 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. 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 a graph – add to the supply and demand graphical model “graph 1” OR include a separate supply and demand graphical model “graph 2”; 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.) No plagiarism VERY Limited quoted text (must be written in your own words) Use economic terminology to discuss the market and scarcity Use economic terminology to discuss the market failures and government intervention Include economic graph related to market failures and discuss it Include updated bibliography page