Economics Project #1

What effect did COVID-19 have on your selected industry?

MY industry is Healthcare

Make a google slide

Slides Requirements: 9+ Slides (Not including title and reference slide). Apply the concepts discussed in class to your assigned industry and the effect the Covid-19 pandemic had on it. Include an Introduction slide and introduce your industry. Include a conclusion slide to wrap up your findings and establish a concluding statement. Compare your industry today to your industry in January 2020. Reference the google slides on Blackboard to find the concepts discussed in class (Scarcity, choice, Cost benefit analysis, Scarcity, Paradox of value, need vs want, supply and demand, invisible hand theory, etc.)

Content Questions

1. Introduction, How was your industry affected by scarcity during the covid pandemic?
2. 3 Snapshots - Compare and contrast your industry before, during, and post pandemic.
3. Did cost benefit analysis play a role in your industry during the covid-19 pandemic?
4. Did the paradox of value play a role in your industry during the covid-19 pandemic?
5. What are the short term and long term effects of Covid-19 on your industry?
6. How did "want vs need" play a role in your industry during the pandemic?
7. How did your industry adjust to the pandemic? (was your business moved to a virtual platform, did it halt, or did it stay the same)
8. Conclusion, Where do you see your industry going in a post pandemic world?

MY industry is Healthcare