Coronavirus, Economic Trade-off, and Stimulus Policy

1. The economic impact of the coronavirus pandemic is unprecedented and substantial. It creates
challenges in multiple dimensions. Everyone is facing questions like how to value trade-offs over
tough choices, how to look into economic relations within and beyond traditional views, and how to
formulate stimulus policies to help economic recovery.
This project asks you to investigate the three issues below, apply the economic knowledges to them,
and form your own opinions (comments) on them.
2. Format Please use font size 11, double-spacing, no more than 5 pages, with title and references (work
cited). Your can put all references on one page.
3. Submission Please submit your research project report through Ulearn by using “attach files”. Do
NOT use “write submission.”
4. Steps
a) Listen to each of the three podcasts below from the Wall Street Journal. Click the title to be
directed to each podcast.
b) Write a summary for each podcast.
c) Following the summary, analyze the case discussed and write your comments on it. Your comments can include your opinions and suggestions regarding the case.
5. Three Podcasts from the Wall Street Journal
a) China Is Getting Past Coronavirus. Its Economy Isn’t. After taking extreme measures to fight
the coronavirus, China is beginning to open back up for business. WSJ’s Lingling Wei and Patrick
Barta explain why the country still faces an uphill battle to get its economy moving again.
b) The Economic Trade-Offs of Social Distancing. President Trump has raised the possibility of
relaxing social distancing guidelines faster than public health experts advise, saying it would
help the economy. WSJ’s Rebecca Ballhaus and Jon Hilsenrath explain the ongoing debate at the
White House and how economists are evaluating the costs of combating the pandemic.
c) The $2 Trillion Plan to Help the Economy. Congress is close to passing an unprecedented
$2 trillion aid package to offset the economic damage from the coronavirus pandemic. WSJ’s
Siobhan Hughes explains where all that money is going.

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