Questions:

1.Discuss the key macroeconomic effects of COVID19 (ignore health effects) on any economy of the Pacific of your choice. Identify how this economy can promote economic growth given the pandemic. Identify three macroeconomic policy interventions to support livelihood of people in such an economy.

2.Develop a qualitative analysis on income, interest rate, trade balance and private consumption using the IS-LM-BP model if the Fiji dollar was devalued. Assume perfect capital mobility. Carefully discuss the adjustment processes.

3.Review the last year's COVID19 supplementary budget of Fiji (available online) and discuss if the initiatives are adequate to mitigate the pandemic. Discuss the drawbacks, and explain how they may be improved.