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Instructors: Rene Marco Glawion; Dr. Hamza Polattimur
Event type:
Interactive class
Displayed in timetable as:
22-3.e74
Hours per week:
3
Credits:
6,0
Language of instruction:
English
Min. | Max. participants:
- | 45
Comments/contents:
In the wake of the Covid-19 crisis, research on the economic effects of this pandemic (and pandemics in general) has flourished. This new literature, sometimes labeled as Coronomics (Corona + Economics), deals with a wide range of topics in economics. In particular, the studies that will be covered in this course analyze the supply and demand side effects of Covid-19, its effects on specific markets (e.g. the stock market and the labor market), and its effects on inequality and uncertainty.
Learning objectives:
By the end of the course, you will get an overview of a recent strand in economic literature that emerged immediately in response to Covid-19. Creating new models or adapting existing ones to this unexpected event, this research aims at improving our understanding of the economics of pandemics and providing a sound basis for decision-making.
Didactic concept:
We are going to meet weekly on Thursdays at 3 pm for Zoom meetings.
We expect each student to write a term paper (about 10 pages) that is based on a research paper and to present this in an online presentation via Zoom (about 20 minutes). The term paper will be assigned a weight of 70% in the final grade and the presentation a weight of 30%.
Literature:
The literature includes, but is not limited to:
- Acemoglu, D., V. Chernozhukov, I. Werning, and M. D. Whinston, 2020. “Optimal Targeted Lockdowns in a Multi-Group SIR Model,” NBER Working Paper No. 27102.
- Altig, D. S., Baker, J. M. Barrero, N. Bloom, P. Bunn, S. Chen, S. J. Davis, J. Leather, B. Meyer, E. Mihaylov, P. Mizen, N. Parker, T. Renault, P. Smietanka and G. Thwaites, 2020. “Economic uncertainty before and during the Covid-19 pandemic,” Bank of England Staff Working Paper No. 876.
- Eichenbaum, M., S. Rebelo, and M. Trabandt, 2020. “The Macroeconomics of Epidemics,” NBER Working Paper No. 26882.
- Glover, A., J. Heathcote, D. Krueger, and J.V. Ríos-Rull, 2020. ”Health versus Wealth: On the Distributional Effects of Controlling a Pandemic,” NBER Working Paper No. 27046.
- Guerrieri, V., G. Lorenzoni, L. Straub, I. Werning, 2020. “Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?,” NBER Working Paper No. 26918.
- Scott, R. B., N. Bloom, S. J. Davis, K. J. Kost, M. C. Sammon, and T. Viratyosin, 2020. "The Unprecedented Stock Market Impact of COVID-19," NBER Working Paper No. 26945.
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