Using your knowledge from all the topics we have covered:

1. During the COVID-19 pandemic, stockpiling behaviour (e.g. in relation to toilet paper) has been
2. criticized in the newspapers as irrational. Using game-theoretic tools, can you justify such behaviour? Discuss any thoughts you have and try to demonstrate them formally in a payoff matrix(hint: think about the classes of game that can capture this phenomenon and their equilibria).
3. Discussthepotentialshort-termandlong-termeconomicimplicationsoftheCOVID-19pandemic in Australia or your home country.
4. If you were the policymaker, what economic policies would you implement to minimize the negative effects of the pandemic?