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Economics of the COVID-19 Pandemic

Write an individual essay about the economics of the COVID-19 pandemic of 2020
• Carefully identify and evaluate the economic problems of the pandemic.
• Apply economic theories from the history of economic thought discussed during this module.
• Critically evaluate the strength and limitations of these theories.
• Formulate a balanced judgment in your conclusions on the usefulness of these economics theories for understanding and addressing the problems caused by the pandemic.
1. Introduction
Heilbroner, ch. 1, 2; Foley, preface; Landreth & Colander, ch. 1–3
2. Adam Smith
Heilbroner, ch. 3; Foley, ch. 1; Landreth & Colander, ch. 4.
3. David Ricardo and Thomas Malthus
Heilbroner, ch. 4; Foley, ch. 2; Landreth & Colander, ch. 5
4. Karl Marx
Heilbroner, ch. 5, 6; Foley, ch. 3; Landreth & Colander, ch. 6, 7
5. The Marginalist Revolution
Heilbroner, ch. 7, Foley, ch. 4; Landreth & Colander, ch. 8–10.
6. Keynes
Heilbroner, ch. 9, Foley, ch. 5; Landreth & Colander, ch. 15
7. Institutional Economics
1
8. German Historical School
9. Austrian and Neoliberal Economics
10. Recent Trends in Economic Thinking
11. Economic Methodology

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