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MICROECONOMICS (ECO 201S)
ESSAY TITLE AND QUESTION
Market for Vaccines
Explain what is a vaccine. Discuss the list of vaccines recommended by the World Health
Organization (WHO) and the prices for different vaccines.
Analyze the factors that affect the demand for general vaccines in the world.
Analyze the factors that affect the supply for general vaccines. (For this factor you need to
discuss the role of pharmaceutical companies in the provision of vaccines.)
Discuss the current Covid19 pandemic giving overall statistics of the vaccination rates in
different countries including Malaysia. What are the challenges affecting the demand and
supply of Covid19 vaccines?
Economists view vaccination as a positive externality. What is your opinion on this? Justify your
answer using the evidences and experiences from a few countries in the current Covid19
pandemic.
