Essay

Topic/Issue While the specific essay question will only be made available to you at the start of the exam it will be based on the following broad topic: Explain the impact, short-run and long-run, of Covid-19 on the Australian and other OECD economies. What are the policies being implemented and their macroeconomic implications? How is the impact of Covid-19 similar or different to the Spanish flu in 1919, the Great Depression or the WWII? How is Covid-19 affecting international relations (e.g. trade, migration...) and their macroeconomic implications? Discuss the policy options the economies have to manage a slowdown and its effects. Basic References for Preparation The textbook and other relevant course readings. - Treasury and RBA Discussion Papers, Speeches, Outlook etc. - Federal Reserve review articles. - Voxeu.org, CEPR - The Economist, Sydney Morning Herald, The Australian Financial Review, Financial Times, The Guardian, Wall Street Journal etc