Applied Economics Teaching Resources

an AAEA Journal

Agricultural and Applied Economics Association

Teaching Education Commentary

Considerations for Economic Instruction in the Era of COVID-19

Thomas P. Zacharias(a) and Keith J. Collins(b)
National Crop Insurance Services(a), U.S. Department of Agriculture(b)

JEL Codes: A1, A2, D6, H4
Keywords: COVID-19, externality, free rider, information, market failure, public good

Publish Date: December 10, 2020
Volume 2, Issue 5

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Abstract

Educational concerns during the COVID-19 pandemic center on how to effectively assemble, communicate, and assess material to be taught and learned. We believe that in advancing “the how” of remote, online, and related learning, we do not overlook “the what” that is to be learned, as well as other concerns. U.S. performance in combating the pandemic provides an exceptional opportunity to teach students data presentation, interpretation, and basic economic principles to better understand individual behavior, hopefully to improve future societal responses to pandemics. We believe an important factor in the persistence and rebound of the virus as it spreads from urban to rural areas is the presence of negative externalities associated with the failure to wear masks and socially distance. Additionally, the public good nature of virus-free air and public health may not be well understood. U.S. performance has been affected by a complex interaction of economic, social, and political behavior. Dissecting these influences would challenge students at all levels to learn about and discuss the economic considerations surrounding the pandemic.

About the Authors: Thomas P. Zacharias is employed through the National Crop Insurance Services. Corresponding Author (tom-z@ag-risk.org). Keith J. Collins is retired and formerly employed by the U.S. Department of Agriculture.

Copyright is governed under Creative Commons CC BY-NC-SA

References

Anomaly, J. 2011. “Public Health and Public Goods.” Public Health Ethics 4(3):251–25.

Johns Hopkins University and Medicine 2020. “Coronavirus Resource Center.” Retrieved from https://coronavirus.jhu.edu.

Johns Hopkins University and Medicine 2020. “Coronavirus Resource Center, Mortality Analyses.” Retrieved from
https://coronavirus.jhu.edu/data/mortality.

U.S. Department of Health and Human Services, Centers for Disease Control and Promotion 2020. “CDC Activities and Initiatives Supporting the COVID-19 Response and the President’s Plan for Opening America Up Again.” Washington, DC, May. Retrieved from https://www.cdc.go /coronavirus/2019-ncov/downloads/php/CDC-Activities-Initiatives-for-COVID-19-Response.pdf.