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COVID-19 Essentials: Economics

This pathway covers the economic impact of the COVID-19 pandemic, looking at the impact of the UK economy and the effect it has had on Fiscal Policy.

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9 videos • 1 hour 42 minutes

  • The UK Economic Outlook: January 2020

    COVID-19 has significantly impacted the world as we know it: socially and economically. Garry explains how the UK economy should have faired in the year 2020 based on factors that emerged in 2019, excluding coronavirus.

    Garry Young08:58

  • The UK Economic Outlook: July 2020

    In this video, Garry outlines the direct impacts of the Covid-19 pandemic on the UK economy, and analyses the policy responses. He particularly focuses on the furlough scheme as a potential mitigating factor.

    Garry Young15:10

  • Fiscal Policy (1/4): Overview

    Fiscal policy is one of three pillars of macroeconomic policy that can be used to influence the trajectory and growth rate of an economy. In this video, Tim provides an overview of macroeconomic theory that will provide the foundation for a more detailed discussion on fiscal policy.

    Tim Hall18:12

  • Fiscal Policy (2/4): The Finer Points

    In the first video about fiscal policy, Tim gave us an overview of the broader macroeconomic model that provides the framework for determining how fiscal policy influences the trajectory of economic growth.  In this video, he explains us the theory behind macroeconomic policy but dig a bit deeper, looking specifically at how passive fiscal policy works, then more interestingly at the fiscal policy tools available to governments to influence their economies.

    Tim Hall10:14

  • Fiscal Policy (3/4): Why is it far from perfect?

    In the first two videos of this series Tim explained us the macroeconomic fundamentals of fiscal policy. In this video he will highlight some of the issues that make fiscal policy challenging for governments, since the theoretical outcome often differs from reality.

    Tim Hall08:04

  • Fiscal Policy (4/4): The changing nature of government debt

    Fiscal Policy is one of the main policy tools used by governments to try to smooth, albeit not entirely eliminate, business cycles. In the last video of his series on "Fiscal Policy", Tim explains us the effects of fiscal policies on deficits, the evolution of government debt. Further, he highlights the importance of coordination of Fiscal, Monetary and Regulatory Policies.

    Tim Hall15:43

  • Macroeconomic Recovery: COVID-19 Vaccine

    In this video, Corrado explains how the COVID-19 pandemic has impacted the travel industry. He outlines what vaccine distribution on a global scale can do to mitigate its effects and the challenges that Lower Middle Income Countries (LMCIs) face in their efforts to vaccinate their populations. Two scenarios outlining the economic impact of lifting and maintaining travel restrictions are also outlined in this video. 

    Corrado Macchiarelli13:52

  • The UK Economic Outlook: Spring 2021

    In this video, Hande examines the main highlights from the Spring 2021 issue of the National Institute UK Economic Outlook, focusing on the determinants of the UK economic recovery from the pandemic, the major risks surrounding it and the expected challenges of the post-pandemic economic landscape.

    Hande Kucuk14:30

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