Answer these two economic questions with originality and precision.
1. What is a key challenge or opportunity presented by the COVID-19 pandemic and its consequences?
Short answers (no more than 300 words). Your answer might capture a seemingly simple detail of public or private sector practice that you think doesn’t make sense or could be made much better. Or it could describe a big change in how we could live – or are living – our lives, or how our economy or society works. You don’t have to have a solution: sometimes just identifying a problem or opportunity is an important insight in its own right. As such, we you need to be innovative, surprising, or incisive identification of a challenge or opportunity created by the current crisis.
2. In the case of a problem, how might we fix it? In the case of an opportunity, how do we capitalize on it? Plus a heading for the question
(No more than 1000 words). This could be a solution to a challenge you have identified, or it could be an idea in response to the challenges identified by others. Your idea might be a quick plan for a fix of a frustrating but ubiquitous piece of bureaucracy, or a process linked to handling the current response to coronavirus. It could be an idea for a better way of getting the economy back on its feet faster or reducing the social or economic impact on a group or sector. Or perhaps it is an idea you have had for a while for improving our society, or environment, and that you think’s time has finally come. As students, your ideas need to generate originality, practicality, and impact of ideas. For more information on Economic Scenarios check out : https://en.wikipedia.org/wiki/Economic_cost
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