Module I: Chapters 1 needs to be 450 words or more, it's for a macro project

Introduction: project objectives

Describe the project's objectives.

Some of my ideas to help (Describe the project's objectives.

Outline: ~ 1 paragraph long to introduce our main goals/topics of discussion

• When did COVID happen
• Government shutdowns and policies
• Recession of the economy
• Long lasting effects - what are we looking at? businesses impacted by shutdowns (local, small businesses?) or as a whole impact on inflation and other market issues?

Sample paragraph to start: (we really don't have to keep this - just trying to get some ideas on paper)

The year 2020 was the beginning of "unprecedented times" in the United States as well as the rest of the world. With the emergence of a new, deadly and quickly spreading virus, governments learned that the economic and social systems set in place were not capable of handling such hysteria. Although that was four years ago, COVID-19 and the resulting policies have left a lasting mark on the American economy

)

Chapter 1, Ten Principles of Economics (Pay attention to one important section: How People Make Decisions, Marginal Analysis, Productive Efficiency)

Chapter 1 introduces the main problem of macroeconomics. The next few chapters will provide a more detailed discussion of the costs and benefits of Covid-19.

1. Introduce the topic: cost-benefit analysis.

1. Can we expect to see some long-termbeneficial consequences from COVID-19 and its associated hysteria (mandatory business closure, social distancing, etc.)? Think about theBroken Window Fallacyand its application in this case.

You may refer toA Pandemic Broken Windows Fallacy? | Cato at Liberty Blog

Support your answer with a personal experience and/or additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

1. List thecosts (opportunity cost) of COVID-19 and its associated hysteria (mandatory business closure, social distancing, etc.). You may want to mention how the events affected ourdaily decisions, productive resources, and economic efficiency.

• Prof. Antony Davies: The True Cost of Lockdowns

• Fauci Admits to Multiple COVID-19 Missteps during Closed-Door Hearing - Foundation for Economic Education

I encourage you to support your answer with personal experience and additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

1. If you could explore one question related to this topic in greater depth, what would it be?

• Cite the sources you used. Prepare a reference page in APA. You may refer to your personal experience.