Answer to Question #269704 in Microeconomics for Madhu Gupta

Question

CASE STUDY: “Industry-level Dynamics of COVID-19 Economic Crisis

and its Implications”

In the current pandemic-related GDP growth slowdown across the world,

which industries or sectors in the Indian economy do you consider to have

most benefited from the Covid-19 crisis and why? Explain and highlight in

detail using the Demand-Supply analysis to substantiate your argument.

Justify your analysis by supporting it with facts-cum-online data and

substantiate your argument by extensively using graphs to highlight your

answer.

[The objective of this case study is to enable you to apply microeconomic

skills to real world economic scenarios. Accordingly, you are required to be

careful while writing your argument. You are required to refer to both the

Mankiw textbook and the online/offline material to substantiate your answer.]

(5 Marks)

Answer 1

E-learning- School and university cancellations have touched 1.5 billion students in over 180 nations as of this week. Many programs could be instantly reformatted for online learning thanks to readily available remote learning technologies, with colleges shifting to distance learning and many teachers trying their hand for the first time at Google Classroom or web apps like Seesaw for students as young as kindergarten. Many parents are also trying out homeschooling for the first time.