Creating a video presentation on Covid-19 protocols for a restaurant chain CEO
This assignment is an individual assignment. Â Each student creates a video in .mp4 format. Â The video must show your face. Â You may film yourself giving the presentation, or you may video-record yourself over a Power Point presentation the way Prof. Hageman has done in the Econ 290 lectures.
- Before you begin your presentation, film yourself close-up holding your student card beside your face for at least four seconds. Â These presentations will all be deleted after twelve months, unless the professor has received your permission to retain the presentation for instructional purposes.
- The presentation should be between 10 and 15 minutes long.
- The presentation is your chance to showcase what you learned in Econ 290.
- Follow this outline:
Imagine that you have been hired by the CEO of a company owning a chain of restaurants to advise on Covid-19 protocols to be followed by employees. Â This company is an imaginary company of any size in any country you choose. Â This is your presentation to the CEO. Â When you use data, briefly mention the source. Â Do not quote anyone: put everything in your own words.
- Begin by estimating the costs to the company of having employees become sick with Covid-19 or transmitting Covid-19 to customers. Â This is your chance to showcase what you learned about estimating damages. Get some actual numbers relating to Covid-19 sickness. Â You can make up the numbers having to do with the companyâs business, but try to be realistic. Â
- Next, suggest two protocols for employees to follow to minimize the chance of employees getting Covid-19 or spreading Covid-19. Â One of these can be a conventional protocol. Â The other should be a tax, permit, or CBNRM policy. Â Although this sounds crazy, your CEO is an economics fan and has asked you to come up with something like that.Showcase your knowledge of policy.
- For each protocol, estimate the costs to the employees of following the protocol. Â Try to be realistic.
- For each protocol, describe cost effectiveness in terms of the equimarginal principle.
- For each protocol, estimate the costs to the company of administering, monitoring, and enforcing the protocol.Try to be realistic.
- For each protocol, describe whether employees will consider it to be fair.
- For each protocol, describe whether it will give employees an incentive to think of new ways to reduce their chance of getting or spreading Covid-19.
Conclude by comparing the two protocols and advising the CEO to emphasize one over the other and/or to apply both protocols.