BU 6007 Bahrain Institute of Banking and Finance Covid 19 Economic Impacts Paper Scenario: The government has recently assigned you (as an economist) to i

BU 6007 Bahrain Institute of Banking and Finance Covid 19 Economic Impacts Paper 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)

Requirements:

The report you will submit to the government must be written in a formal language following the layout mentioned under the “report layout” above.

You must link your discussion to economic theories and relate it to the entire economy of Bahrain. All macroeconomics concepts you covered in your introduction to economics course are required, you will also need to cover some microeconomics theories to support your discussion (A minimum of two microeconomics concepts) are required.

Appropriate examples and graphs must be used to effectively illustrate the theories/models discussed.

Marking Rubric

Student Name: Student number:

Part 1: Requirement check:

The assessor will first check that the report meets the specified basic criteria. If any of the following criteria are not met the report can not be used as evidence of competence in any of the learning outcomes.

Was the report received on time?: yes no

Does the report meet the word count criteria?: yes no

Does the report meet the referencing criteria?: yes no

Part 2: Demonstration of competence: (only complete this section if there is a ‘yes’ answer to all questions in part 1. )