Applying Economic Principles to a Pandemic

In Ms. Moore’s 11th grade economics class, students are demonstrating their understanding of the economic principles of opportunity cost, trade offs, and choices through the COVID-19 pandemic. They are challenging themselves to think about these economic principles on a micro, macro, and global scale. Students demonstrate their understanding of these principles through political cartoons. 

Mya ‘21 shares details about what remote learning looks like in their class:

"Through the process of remote learning, our econ class has looked into several different aspects of how COVID-19 has impacted our economy as well as its direct impact on our personal lives. This year we have learned about micro, macro, and global economics. This pandemic has definitely touched on each of the topics we have learned so far. Starting with how it has affected us globally, we analyzed articles of our choice based on different topics that interested us. I chose mine on the hospitals that were built in ten days in Wuhan. By doing so, I was able to see how a country that is on the other side of the world was reacting to a virus that appeared suddenly and unexpectedly. This also ties into macroeconomics because a huge percentage of people are now unemployed and don't have any idea of when they are going to be able to return to work. This causes a strain on systems because people become reliant on economic support in order to sustain life. For many weeks in class, we learned about the process of inflation, recession, and so on. We knew that the economy had been doing very well since the last stock market crash in 2008, but this virus was a turning point for the economy and stock market to plunge again. Lastly, was microeconomics and the project we worked on for a week required us to show how the coronavirus has affected us on a local level. I chose to do a TikTok that represented need vs want. To summarize, we need necessities such as toilet paper, food, etc. We do not need to be seeing friends and family outside of our household. Though this pandemic has had a negative impact on our lives, it has given me the opportunity to apply what I have learned in this class to a real life situation that I am living through and can see things happening before my eyes." ~Mya ‘21

The work continues this week as they critically examine the partisan debate emerging on how the economy can reopen. After weighing all the costs and benefits, students will be asked which plan they support and which plan will benefit the economy the most in the long run. If they do not agree with either side in this controversial debate, they can propose a solution of their own. 

Through debate, critical-thinking, and a toolbox of economics knowledge, Bosque students are tackling the most relevant economics issue that is on the minds of nearly everyone in the world right now.
 
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    • Campbell '21

    • Saskia '21