Economics1019- W2020

Final Assignment

Topic: Economic Theory and the Crisis

Due April, 24/2020

Description:

The COVID-19 crisis is having a significant affect across all economies. Imagine that you are an economist, and that you must educate a reader on many of the rapid changes and effects they are seeing in the world around them. Your reader is interested in understanding why individuals, businesses, markets, and governments are behaving the way they are in response to these current events, and what may happen in the future. You will want to explain the economic impact of Covid-19 on topics such as employment, income, GDP, interest rates, exports, etc. and suggest remedial measures to protect and preserve the economies from recession. Your reader may not understand the ideas that you are discussing, so will need to explain your economic terminology and provide background information.

1) Explore / Explain a minimum of four (4) macro-economic major topics: i. Eg. GDP, Inflation, Unemployment, Monetary Policy, Fiscal Policy, International Trade, Economic Growth

2) Explore / Explain a minimum of one (1) micro-economic major topic: i. Eg. Supply/Demand, Externalities, Perfect Competition, Monopoly

3)Reference at least 3 external sources. (Newspaper articles, etc.)

4)Utilize a minimum of 1 diagram in your report

Work Cited

1) Article:

2) NewsPaper:

3) Website:

4) Diagram Website: