Listen to the Freakanomics podcast "The Side Effects of Social Distancing (Ep. 409)" https://freakonomics.com/podcast/covid-19-effects/ The podcast is about the novel coronavirus that has not only hampered the global economic growth but has had a massive impact on our social lives.

Please listen to the podcast and answer the following questions highlighting Australian Experience of Covid-19. "What effects will Social Distancing have on our future and is there a silver lining in this very black pandemic cloud?"

(i) Issues: Identify and explain at least three concerning economic (microeconomic) issues in the context of Australia.

(ii) Analysis: Analyse the issues identified in (i) using your understanding of the theories of microeconomics.

(iii) Position: Derive your position on the issues identified in (i) in terms of economic benefits and costs. You must demonstrate your ethical thinking to derive a position.

(iv) Critique: Defend your position derived in (iii) against the best possible argument that may be raised in opposition to yours. Your research in this respect will be considered as a value-added