Economic Rationale for Regulating the Medical Profession in Ireland: Economics Assignment

Economic Rationale for Regulating the Medical Profession in Ireland: Economics Assignment

This Masters economics assignment asks students to explain why the medical profession is regulated from an economic point of view, then judge how well that regulation works in Ireland, and finally assess the academic quality of their own answer. The focus is on economic reasoning, such as market failure and information problems, rather than a description of the sector.

Part A: Economic Rationale for Regulation (60 marks)

Explain the economic rationale for regulating the following sector. You should focus on explaining the economic rationale for the sector rather than describing the sector.

• The medical profession

Part B: Evaluating Regulation in Ireland (30 marks)

Evaluate the regulation in Ireland of the sector/profession you chose in part (a). Explain the difficulties the regulator may have encountered in regulating the area.

Part C: Critical Self-Assessment (10 marks)

Critically and briefly assess the academic merit of your answers in parts (a) and (b). You should identify the elements of your answers that are academically strong and explain how the weaker elements could be improved.