Economics of Pandemics;Hashmat Khan Fall 2020
. Question 1: 40 points, 200-250 words Consider a Susceptible-Infected-Recovered (SIR)-model discussed in the lectures. Briefly explain the terms the ‘Basic Reproduction Number’, R0, and the ‘Effective Reproduction Number, R(t). What useful information do they provide about the pandemic? Consider an economy under a pandemic where there remains a very large susceptible population, S. … Read more