Economic Shock Assignment

timer Asked: Jun 1st, 2019
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Question Description

There are many types of 'large scale' economic shocks. Some of these may be discussed during the course of this class while others will note.

For this assignment, research the economic affects of natural disasters. You can research the economic affects of large localized events or the more general natural disasters in general. Some types to focus on: floods, earthquakes, tornados, drought, sunamis, hurricanes, or wildfires. It is likely that you can find studies that focus on one particular natural disaster as a whole or the more general study of natural disasters as a whole.

•Research your chosen issue. Find two articles that discuss this issue. One can be a video or popular press article, but one must be a journal article.

•In a minimum of 500 words, summarize your findings on this issue.

Make sure to focus on how the popular press information agrees (or disagrees) with the journal article information

Remember to focus on explaining this issue as if you are explaining it to a high school senior with little experience with how an economy functions

•When completed, upload to the appropriate place in Moodle.

•Make sure to type this. Using Word, preferably.

•Cite your sources.

This is due within 2 hours of assignment

Tutor Answer

School: University of Virginia

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Large Scale Economic Shocks

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Large Scale Economic Shocks

Economic Effects of Natural Disasters
Natural disasters include natural events like earthquakes, floods, hurricanes, and
typhoons which cause great damage to the environment and even to the economy. These
disasters are common in different countries, and they depend on the seasons, climatic conditions
among other things. Some of the common effects include loss of lives, destruction of properties,
reduction in the economy, etc. In the economy, natural disasters have both positive and negative
effects as discussed below.
One major effect of n...

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