Question 1

(a) Describe the crisis faced by airliners due to the Covid-19 pandemic

(b) Assess and discuss remedial measures in terms of cost reduction, investment and

funds mobilisation strategies, and Governance.

Question 2

(a) Discuss the welfare effect of Covid-19 on households.

(b) With reference to part (a), use the example of a particular business or sector to discuss

the post-Covid household demand. Your answer should be supported with discussion of

price, cross, income, and promotion effects.

Question 3

Discuss specific vulnerabilities of Small Island Developing States to global economic

crisis and trade shocks.