DQ 2: How can economic theory be applied to your proposed DNP Project?
Grand Canyon University DQ 2: How can economic theory be applied to your proposed DNP Project?-Step-By-Step Guide
This guide will demonstrate how to complete the DQ 2: How can economic theory be applied to your proposed DNP Project? assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.
How to Research and Prepare for DQ 2: How can economic theory be applied to your proposed DNP Project?
Whether one passes or fails an academic assignment such as the Grand Canyon University DQ 2: How can economic theory be applied to your proposed DNP Project? depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.
After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.
How to Write the Introduction for DQ 2: How can economic theory be applied to your proposed DNP Project?
The introduction for the Grand Canyon University DQ 2: How can economic theory be applied to your proposed DNP Project? is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.
How to Write the Body for DQ 2: How can economic theory be applied to your proposed DNP Project?
After the introduction, move into the main part of the DQ 2: How can economic theory be applied to your proposed DNP Project? assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.
Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.
How to Write the Conclusion for DQ 2: How can economic theory be applied to your proposed DNP Project?
After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.
How to Format the References List for DQ 2: How can economic theory be applied to your proposed DNP Project?
The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.
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DNP 815 Topic 6 DQ 2
Economic theory must be utilized by the DNP-prepared nurse. How can economic theory be applied to your proposed DNP Project?
Sample Answer for DQ 2: How can economic theory be applied to your proposed DNP Project?
CAT-Please Respond!
What are the concepts being learned during this week?
- We are discussing the economic and psychosocial theories of nursing. The six components of the psychosocial theory are Psychoanalytic theory supports the notion that all human behavior is caused and can be explained (deterministic theory).
- In each stage, the person must complete a life task that is essential to his or her well-being and mental health.
- One’s personality involves more than individual characteristics, particularly how one interacts with others.
- Humanism represents a significant shift away from the psychoanalytic view of the individual as a neurotic, impulse-driven person with repressed psychic problems and away from the focus on and examination of the client’s past experiences.
- Behaviorism is a school of psychology that focuses on observable behaviors and what one can do externally to bring about behavior changes
- Existential theorists believe that behavioral deviations result when the person is out of touch with himself or herself or the environment.
My DPI population largely reflects the humanistic and behavioral as patients are noncompliant with hypertension regime although we administer free blood pressure medication. We believe the intervention of the DASH diet may assist with the problem. In addition we also have discussed the economic theory of nursing. In this theory our patients consideration include the cost effectiveness of the procedure. As clinicians we evaluate our options and outweigh the cost. In theory, this often considers the long term cost effects. For instance, although providing free medications may seem expensive the cost of this intervention is far cheaper than the frequent emergency department visits patients seek in order to treat conditions covered by the PCP. Hence, the DPI would address this issue.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5520799/#:~:text=Economic%20theory%20suggests%20that%20a,benefits%20outweigh%20the%20opportunity%20cost.
Sample Answer 2 for DQ 2: How can economic theory be applied to your proposed DNP Project?
Economic theory is based on a model of human behavior that assumes rationality, a primary motivation to be happy,
and the ability to calculate subtle differences between possible trade-offs. The goal of economic theory is accurate prediction of the choices people make regarding resource allocation. . (Scott, et al 2001). Efficiency in resource use (getting the most out of limited resources) is a goal that every health-care organization can accept, regardless of one’s perspective (e.g., that of society, insurers, hospital administrators, or patients). Economic analysis is fundamentally about resource use and can serve an important role in health-care decision-making.
My DNP project is on patient centered fall prevention measures. The sequelae from falls are costly. Fall-related injuries account for up to 15 percent of rehospitalizations in the first month after discharge from hospital. Inpatient fall rates range from 1.7 to 25 falls per 1,000 patient days, depending on the care area. Extrapolated hospital falls statistics indicate that the overall risk of a patient falling in the acute care setting is approximately 1.9 to 3 percent of all hospitalizations. Based on data from 2000, total annual estimated costs were between $16 billion and $19 billion for nonfatal, fall-related injuries and approximately $170 million dollars for fall-related deaths across care settings in the community. As health care moves toward patient-centered care, fall-related-injury prevention now has the potential to be addressed across the care continuum (Currie,2008. In the United States, there are approximately 37 million hospitalizations each year. Therefore, allocation of the scarce resources of nursing care becomes the responsibility of the frontline nurse.
References
Currie L. (2008) Fall and Injury Prevention. Patient Safety and Quality: An Evidence-Based Handbook for Nurses. Rockville (MD): Agency for Healthcare Research and Quality (US); 2008 Apr. Chapter 10. Available from: https://www.ncbi.nlm.nih.gov/books/NBK2653/
Scott, R. D., Solomon, S. L., & McGowan, J. E. (2001). Applying Economic Principles to Health Care. Emerging Infectious Diseases, 7(2), 282-285. https://doi.org/10.3201/eid0702.700282.
Sample Answer 3 for DQ 2: How can economic theory be applied to your proposed DNP Project?
Application of Economic Theory
I would like to share with you the below article which presents two applications of economic theory to the delivery of nursing services in acute care hospitals and evaluates its usefulness in guiding nursing administration research.
Jones, T. and Yoder, L (2010). Economic Theory and Nursing Administration Research—Is This a Good Combination? Nursing Forum, (45) 1, 40-53. DOI: 10.1111/j.1744-6198.2009.00160.x
Read
Economic Theory and Nursing Research
Students,
Is there a research question from your practice that could be situated in an economic framework for study? Which sorts of nursing questions can you imaginatively explore using economic concepts and analysis?
Scarcity and Health Care Economics
Students,
Scarcity is the key component of economics and means having too few resources to satisfy the needs and wants of humankind. Without scarcity, the science of economics would not exist because there would be no need to make choices or tradeoffs. Choices made to overcome scarcity via alternatives are of particular interest to economists. Contemporary economics can be broadly divided into two fields: (1) Microeconomics: Behaviors in individual markets and small economic units to understand their behavior within the market; and (2) Macroeconomics: The “big picture” market that consider aggregate functions of all markets
Health care economics is a recently developed specialized field and is differentiated by the level of government intervention, intractable uncertainty, asymmetrical information, and externalities it involves. Uncertainties in particular lead to inefficient resource allocation in health care that forces non-market institutions to compensate for inequalities.
Why are uncertainties related to disease incidence and treatment efficacy of particular concern to health care economists?
Sample Answer 4 for DQ 2: How can economic theory be applied to your proposed DNP Project?
I agree with you that economic theory is concerned with consumer’s choices after accessing adequate information on healthcare services. Therefore, healthcare organizations are mandated with the responsibility of ensuring that they offer credible information to the public. The information is necessary in influencing consumer’s decision-making process (Lakdawalla et al., 2018). Unfortunately, some organizations are unable of collecting and sharing information. As a result, these healthcare facilities may scare consumers. . Health economics promote healthy lifestyles and positive health outcomes. Economic theory is important in nursing practices and in healthcare settings. Health economics is important in hospitals and clinics, managed care, and public health promotion activities (Garrison Jr et al., 2018). Healthcare professionals apply concepts of health economics in different routines. Private and public healthcare organizations have applied health economics in running their services. The continuous transformation of healthcare over years have demanded healthcare professionals to deploy theories that guarantee quality and affordable healthcare services. Health economics has impacted healthcare services and accessibility among many consumers.
References
Garrison Jr, L. P., Pauly, M. V., Willke, R. J., & Neumann, P. J. (2018). An overview of value, perspective, and decision context—a health economics approach: an ISPOR Special Task Force report [2]. Value in Health, 21(2), 124-130. https://doi.org/10.1016/j.jval.2017.12.006
Lakdawalla, D. N., Doshi, J. A., Garrison Jr, L. P., Phelps, C. E., Basu, A., & Danzon, P. M. (2018). Defining elements of value in health care—a health economics approach: an ISPOR Special Task Force report [3]. Value in Health, 21(2), 131-139. https://doi.org/10.1016/j.jval.2017.12.007
Sample Answer 5 for DQ 2: How can economic theory be applied to your proposed DNP Project?
Reform and healthcare delivery continues to be at the forefront of policy debate, given the slow-growing percentage of the gross domestic product GDP) and budget deficit in health care. Economic theory has been a major topic in healthcare conversation; different economic philosophies and theories and the passage of the Affordable Care Act (ACA) increased the involvement in health care (Hartman, 2010). The surprising increase in healthcare costs in recent decades and the effort to control increased the relevance of the economic analysis of clinical interventions. The use of cost-effectiveness to guide reimbursement decisions wherein keeping individuals healthy is key to profitability. The development of strategies for disease prevention, self-care, or adherence to beneficial clinical treatments can also have payoffs. Health outcomes are measured, such as the number of avoided infections or the cost per life saved.
My DNP project is about Central line-associated bloodstream infection (CLABSI). This remains an important component of any efforts of quality improvement given its impact on patients and healthcare organizations, and it is associated with an increased length of stay in the hospital and a cost of $16 000 – $69 000 on each event. The metrics for reimbursement negotiations and hospital ranking, and CLABSI (Ormsby et al., 2020). Bloodstream infections have a significant impact on patient outcomes, including mortality, length of stay, and healthcare costs.
References
Hartman, S. (2010). Economic theories. Philosophies and Theories for Advanced Nursing Practice, 327.
Ormsby, J. A., Cronin, J., Carpenter, J., Graham. D., Potter-Bynoe, G., Chandonnet, C. J., Vaughan, A. M., Weir, L., Flaherty, K. A., Chandonnet, C. J., Priebe, G. P., & Sandora, T. J. (2020). Central venous catheter bundle adherence: Kamishibai card (K-card) rounding for central-line-associated bloodstream infection (CLABSI) prevention. Infection Control & Hospital Epidemiology, 42, 1058- 1063.