Corona Virus Pandemic Epidemiology Essay Assignment paper
Corona Virus Pandemic Epidemiology Essay Assignment paper
2) Identify the main categories you see when you first access the site
3) Note there are tabs at the top ( starting with “Current Status” and ends with “Learn More”
4) What other method can you navigate through the tabs? You can find this on this first screen. Name that method
5) From the dropdown heading at the top of the page, choose one sub link and summarize what kind of information does this supply. You only
have to choose one sub link from any of the three categories that have the dropdown (a dropdown appears like a “v”.
6) Who is featured on the “Video Updates”
7) What happens when you hover over certain areas of the map on the dashboard?
8) Name the other slices (another name for sections) on the first page of the dashboard
9) What region would Kalamazoo be in? Corona Virus Pandemic Epidemiology Assignment Essay
10) Choose one of the regions and counties and summarize the result of the data in that area?
11) Find the downloadable Excel files showing public use datasets.
12) Briefly summarize the data you find in the excel file
13) What special feature do you see if you have further questions about Covid 19 or the site?
14) How would you explain this site to a family member, friend, colleague etc…
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Corona Virus Pandemic Epidemiology Essay Assignment paper
The outbreak of coronavirus named COVID-19 has disrupted the Chinese economy and is
spreading globally. The evolution of the disease and its economic impact is highly uncertain,
which makes it difficult for policymakers to formulate an appropriate macroeconomic policy
response. In order to better understand possible economic outcomes, this paper explores seven
different scenarios of how COVID-19 might evolve in the coming year using a modelling
technique developed by Lee and McKibbin (2003) and extended by McKibbin and Sidorenko
(2006). It examines the impacts of different scenarios on macroeconomic outcomes and
financial markets in a global hybrid DSGE/CGE general equilibrium model. Corona Virus Pandemic Epidemiology Assignment Essay
The scenarios in this paper demonstrate that even a contained outbreak could significantly
impact the global economy in the short run. These scenarios demonstrate the scale of costs that
might be avoided by greater investment in public health systems in all economies but
particularly in less developed economies where health care systems are less developed and
popultion density is high.
Keywords: Pandemics, infectious diseases, risk, macroeconomics, DSGE, CGE, G-Cubed
JEL Codes:
* We gratefully acknowledge financial support from the Australia Research Council Centre of Excellence in
Population Ageing Research (CE170100005). We thank Renee Fry-McKibbin, Will Martin, Louise Sheiner,
Barry Bosworth and David Wessel for comment and Peter Wilcoxen and Larry Weifeng Liu for their research
collaboration on the G-Cubed model used in this paper. We also acknowledge the contributions to earlier
research on modelling of pandemics undertaken with Jong-Wha Lee and Alexandra Sidorenko.
† Australian National University; the Brookings Institution; and Centre of Excellence in Population Ageing
Research (CEPAR)
‡ Australian National University and Centre of Excellence in Population Ageing Research (CEPAR)
2
1. Introduction
The COVID-19 outbreak (previously 2019-nCoV) was caused by the SARS-CoV-2 virus. This
outbreak was triggered in December 2019 in Wuhan city in Hubei province of China. COVID19 continues to spread across the world. Initially the epicenter of the outbreak was China with
reported cases either in China or being travelers from China. At the time of writing this paper, Corona Virus Pandemic Epidemiology Assignment Essay
at least four further epicenters have been identified: Iran, Italy, Japan and South Korea. Even
though the cases reported from China are expected to have peaked and are now falling (WHO
2020), cases reported from countries previously thought to be resilient to the outbreak, due to
stronger medical standards and practices, have recently increased. While some countries have
been able to effectively treat reported cases, it is uncertain where and when new cases will
emerge. Amidst the significant public health risk COVID-19 poses to the world, the World
Health Organization (WHO) has declared a public health emergency of international concern
to coordinate international responses to the disease. It is, however, currently debated whether
COVID-19 could potentially escalate to a global pandemic.
In a strongly connected and integrated world, the impacts of the disease beyond mortality (those
who die) and morbidity (those who are incapacitated or caring for the incapacitated and unable
to work for a period) has become apparent since the outbreak. Amidst the slowing down of the
Chinese economy with interruptions to production, the functioning of global supply chains has
been disrupted. Companies across the world, irrespective of size, dependent upon inputs from
China have started experiencing contractions in production. Transport being limited and even
restricted among countries has further slowed down global economic activities. Most
importantly, some panic among consumers and firms has distorted usual consumption patterns
and created market anomalies. Global financial markets have also been responsive to the
changes and global stock indices have plunged. Amidst the global turbulence, in an initial
assessment, the International Monetary Fund expects China to slow down by 0.4 percentage
points compared to its initial growth target to 5.6 percent, also slowing down global growth by
0.1 percentage points. This is likely to be revised in coming weeks4
. Corona Virus Pandemic Epidemiology Assignment Essay
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