You recently left the UK government to become an analyst in the Bank of England. Your new boss has asked you to evaluate the impact of Covid-19 on the UK’s Balance of Payment. More specifically, she said you need to A) describe the pre-2020 balance of payments using empirical data, B) explore how the Covid-19 crises affects the different channels of the UK as an open economy and major financial hub (demand, trade, supply, financial flows) and C) provide an appraisal of the medium run, which should include different policy scenarios.

You will need to be able to show that you can:
• make critical use of relevant economic theory and models explaining short- and medium run equilibria, the impact of shocks on demand, supply and monetary policy and the effectiveness of policy in the open economy;
• source and manipulate appropriate data;
• present ideas clearly and effectively;