Assignment topic: How would the UK economy be affected by the Covid-19?
Guidance Note: Use the economic concept and theory you have learned from microeconomics and macroeconomics in order analyse the impact of the Covid-19.
There are some points that I list below which could help you analyse this question. You could use more than one point and not limit to these. The impact from different
perspective could be discussed.
Micro perspective:
Scarcity and choice
Opportunity cost
Factors affecting consumer spending
Factors affecting firms.
Market theory
Macro perspective:
Macro variables: Economic growth, inflation and unemployment
Should fiscal policy be used to stabilise the economy?
Should monetary policy be used to stabilise the economy?
Direction for Writing your Assignments:
You need to highlight the point or questions you want to discuss. It’s better to use new section to start a new point. Use the economic concept and theory you learned from
the lectures. Describe the relevant concept and theory and show that how to use these theories and concepts to analyze or solve the issues. Therefore, the most important
elements within your assignment will be analysis, which would require use of appropriate theories from the lecture note, textbook or academic literature.
