Economic Rationale for Regulating the Medical Profession in Ireland: Economics Assignment
Economic Rationale for Regulating the Medical Profession in Ireland: Economics Assignment
| Subject | Economics (economics of regulation) |
| Level | Masters (NFQ Level 9) |
| Sector | The medical profession |
| Total Marks | 100 (Part A: 60, Part B: 30, Part C: 10) |
| Length | About 3,000 words |
| Referencing | Harvard |
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.
need help with the medical profession regulation assignment?
Most marks in this medical profession regulation assignment sit in Part A, and the common mistake is describing the Medical Council instead of explaining the economics: information asymmetry between doctor and patient, externalities, supplier-induced demand and the trade-off between quality standards and restricted entry. Part B then needs a balanced view of how regulation works in Ireland and why regulators struggle, while Part C rewards honest self-critique. If you want an expert to review your argument and structure, our postgraduate assignment support team can help you plan each part. You can also compare an earlier brief on the economic rationale for regulating the medical or legal profession, and see the ECON42410 CCPC merger analysis question for another Irish regulation topic.
