When analyzed through the lens of economics, public health operates like other sectors of the economy while still retaining significant differences. Economists use economic principles as a tool to understand and ensure the success of public health initiatives. Scarcity, opportunity cost, willingness to pay, trade, marginal costs, and marginal benefits are some of the economic principles that can be applied to public health initiatives.
For this Discussion, review this weekâ€™s Learning Resources. Consider economic principles and their application to public health initiatives. Select a public health initiative you are interested in. Identify three economic principles that may have influenced the public health initiative you selected and explain how.
With these thoughts in mind:
Write a (2 page, APA format, 3-4 References) description of the public health initiative (Smoking Cessation). Then, describe three economic principles and how they may have been applied to that public health initiative. Finally, explain how they may have contributed to the success of the initiative.