Here are two articles that summarize the impact of the Coronavirus on global markets. The virus is both a supply shock because of the disruption in global supply chains and the collapse of demand because of reduced economic activity because of various global shutdowns. This event is a great lesson in how the supply and demand curves can be manipulated even has it paralyzes the world in fear.
https://www.bbc.com/news/business-51706225
https://hbr.org/2020/03/understanding-the-economic-shock-of-coronavirus
Since we will not be having a political economy week this year because of bans on large public gatherings, Write a four-page paper analyzing the impact of the coronavirus on an area of the economy of interest to yourself. No one needs to do this assignment, but if you are interested in earning 10 extra percentage points on your final, this is your opportunity to earn extra credit.
Sample Solution