Scenario:
The government has recently assigned you (as an economist) to investigate the effect of the global pandemic of Covid-19 on the economy of Bahrain. Your report must include the following three sections of content and a section for references.
Report Layout:
Section 1:
Choose three products or categories of product where the global pandemic has created either a supply shock or a demand shock. Apply microeconomic concepts to analyse the likely short term and long-term effects of the pandemic on these markets. [LO1] [LO2]
Section 2:
Discus what, if any, fiscal and monetary policy actions that the government of Bahrain could use to help mitigate the economic impact of the global pandemic on the economy of Bahrain. [LO2] [LO3]
Section 3:
Discuss the impact that any economic slowdown caused by the global pandemic could have on the GDP of Bahrain, unemployment in Bahrain, Bahrain’s fiscal deficit and Bahrain’s national debt. Also discuss the potential long-term effects of any policy actions mentioned in section 2 on Bahrain’s fiscal deficit and Bahrain’s national debt. [LO2] [LO3]
Section 4:
References (Use up-to-date APA referencing style)