The new coronavirus
- An epidemiological threat such as the new coronavirus, which causes the disease COVID-19, can have disruptive effects on the economy. It can disrupt the global supply of goods, making it harder for U.S. firms to fill orders. It can also waylay workers in affected areas, reducing labor supply on one end and on the other slow the demand for U.S. products andservices. International Monetary Fund Managing Director Kristalina Georgieva says the outbreak is the world’s “most pressing uncertainty.” The economic disruption caused by the virus and the increased uncertainty is being reflected in lower valuations and increased volatility in the financial markets. While the exact effect of the coronavirus on the U.S. economy is unknown and unknowable, it poses tremendous risks. Discuss some of the risks that you think are the most consequential and the possible policy responses
- any econ related topic of your choosing related to covid-19 pandemic and economic growth, incorporating some of the theories below with up-to-date data, backing up arguments.
Report should show effective use of data and theory
Current and proper data use from research. We learned in class about these various topics, incorporate any that fit into your paper as much as you can. Solow growth model (Neo classical), classical growth theory, Endogenous Growth Theory, Malthusian model, Lorenz curve, Romer model of tech, and Gary Becker Theory of Household Economics
Introduction: Introduce the world to your chosen topic. A brief, comprehensive summary of the contents of an article; it allows readers to survey the contents of an article quickly. Introductions present the specific problem under study and essential background information needed to better understand the detailed information to follow. They announce the purpose, why the topic is important, scope of coverage, and methodology used. However, an introduction usually does not say what the actual conclusions are or what evidence is used to reach those conclusions.
Motivation: (Why did you choose the topic? Elaborate more on the purpose, why the topic is important, don’t just write its interesting. It might have a huge economic significance for e.g. growth).
Body: (e.g., method, findings, research, results, insights, arguments for or against, case study)
Conclusion: Briefly explain the main idea and discuss any future prospects
References: This list includes the sources cited, if any in the text.