Conduct an analysis of the impact of an external shock on demand and supply of healthcare labour market In 2019, the number of established European Union (EU), nurses and midwives registered with the NHS decreased dramatically. As it stands, the health and social care (H&SC) workforce in the UK is under considerable strain. to provide services for an increasingly ageing population. Brexit added another layer of uncertainty and complexity when planning for the future workforce in the health and social care sector. The UK's nursing workforce has long relied on the recruitment of foreign nurses to address the nursing shortage. Many of the nurses who have since left the NHS based their decision on Brexit and the implications it had on their residency and sense of belonging in the UK. The decision made in 2019 that allowed the UK regulator not to recognise EU nursing qualifications after December 2020 was another exacerbating factor, further hindering nursing mobility into the UK (Pronczuk, 2019, Wells, 2020). The current healthcare labour market as it relates to the demand and supply of foreign nurses is depicted in Figure 2 XI Show Transcribed Text Figure 2: The demand and supply of foreign nurses in the UK. Note: When addressing the questions that follow, you may use the graph to substantiate your answers, Scenario 2 refers to the external shock of Brexit and its impact on the recruitment of foreign nurses by the NHS. Consider this scenario and analyse the impact of the external shock on the demand and supply of nurses in the UK's healthcare labour market. Consider the following questions when crafting your answer Explain the external shock (50 words) What are the key factors influencing labour demand and/or supply in this external shock (100 words) How is labour demand and/or supply affected by this external shock (i.e., movement along the curve or shifts)? (100 words)
Conduct an analysis of the impact of an external shock on demand and supply of healthcare labour market In 2019, the number of established European Union (EU), nurses and midwives registered with the NHS decreased dramatically. As it stands, the health and social care (H&SC) workforce in the UK is under considerable strain. to provide services for an increasingly ageing population. Brexit added another layer of uncertainty and complexity when planning for the future workforce in the health and social care sector. The UK's nursing workforce has long relied on the recruitment of foreign nurses to address the nursing shortage. Many of the nurses who have since left the NHS based their decision on Brexit and the implications it had on their residency and sense of belonging in the UK. The decision made in 2019 that allowed the UK regulator not to recognise EU nursing qualifications after December 2020 was another exacerbating factor, further hindering nursing mobility into the UK (Pronczuk, 2019, Wells, 2020). The current healthcare labour market as it relates to the demand and supply of foreign nurses is depicted in Figure 2 XI Show Transcribed Text Figure 2: The demand and supply of foreign nurses in the UK. Note: When addressing the questions that follow, you may use the graph to substantiate your answers, Scenario 2 refers to the external shock of Brexit and its impact on the recruitment of foreign nurses by the NHS. Consider this scenario and analyse the impact of the external shock on the demand and supply of nurses in the UK's healthcare labour market. Consider the following questions when crafting your answer Explain the external shock (50 words) What are the key factors influencing labour demand and/or supply in this external shock (100 words) How is labour demand and/or supply affected by this external shock (i.e., movement along the curve or shifts)? (100 words)
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:Conduct an analysis of the impact of an external shock
on demand and supply of healthcare labour market.
In 2019, the number of established European Union (EU)
nurses and midwives registered with the NHS decreased
dramatically. As it stands, the health and social care
(H&SC) workforce in the UK is under considerable strain
to provide services for an increasingly ageing population.
Brexit added another layer of uncertainty and complexity
when planning for the future workforce in the health and
social care sector. The UK's nursing workforce has long
relied on the recruitment of foreign nurses to address the
nursing shortage. Many of the nurses who have since left
the NHS based their decision on Brexit and the
implications it had on their residency and sense of
belonging in the UK.
The decision made in 2019 that allowed the UK regulator
not to recognise EU nursing qualifications after
December 2020 was another exacerbating factor, further
hindering nursing mobility into the UK (Pronczuk, 2019;
Wells, 2020).
The current healthcare labour market as it relates to the
demand and supply of foreign nurses is depicted in
Figure 2
m
L
XI
>Show Transcribed Text
Figure 2: The demand and supply of foreign nurses in
the UK.
Note: When addressing the questions that follow, you
may use the graph to substantiate your answers,
Scenario 2 refers to the external shock of Brexit and its
impact on the recruitment of foreign nurses by the NHS..
Consider this scenario and analyse the impact of the
external shock on the demand and supply of nurses in
the UK's healthcare labour market.
Consider the following questions when crafting your
answer:
. Explain the external shock (50 words)
What are the key factors influencing labour demand
and/or supply in this external shock (100 words)
• How is labour demand and/or supply affected by this
external shock (i.e., movement along the curve or
shifts)? (100 words)
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