In light of our discussion of Welfare Economics, read the following recent post on the Journal of Medical Ethics blog, concerning the application of cost-benefit analysis (CBA) to the covid-19 recovery:
Discuss the main factors that you think a CBA of the covid-19 crisis should take into account.
Explain some of the limitations of the use of CBA in this context. How could an evaluation employing Social Welfare Functions help?
Your total word count for the exam should be around 1,000 and 1,200 words (upper limit is an absolute
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