Imagine you are the prime minister of Australia managing the
response to the Covid-19 pandemic. Suppose your objective is to
fully open Australian borders to international travel by January
1st , 2022.
a. Write down 3 Key Results to measure your progress towards
this objective. (1.5 marks)
b. On the 27 th of March, 2021, what was the number of COVID-19
vaccine doses administered per 100 people in Australia? (0.5
marks)
c. Choose an OECD country (apart from Australia). Imagine that
Australians use the number of COVID-19 vaccine doses administered
per 100 people in your chosen OECD country as their reference point
(??). Suppose the difference between the number of COVID-19 vaccine
doses administered per 100 people in Australia (AU) and
Australians’ reference point (??) determine Australians’ value
?(?), where (? = AU- RP). Assume that the Australian public’s value
function is ?(?) = 300? ??? ?????? (? < 0) ??? ?(?) = 100? ???
????? (? ≥ 0) What was Australians’ value on the 1st of March 2021?
(1 mark)
d. What was Australians’ value on the 15th of March 2021? (1
mark) e. Comparing your citizens’ values for c) and d) above, would
you say you did well in progressing the vaccine rollout in March?
(0.5 marks)
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