Economy

Introduction Political economy examines the interaction between political institutions, behavior, and economic outcomes. This blog explores important political economy topics, such as elections, political ideology, institutions and economic policy, the causes and consequences of immigration, the link between terrorism and public attitudes, and the role of rent-seeking and other economic contests. Understanding these interactions is…

Introduction Macroeconomics is a broad field that studies the economy as a whole, focusing on aggregate indicators and how different sectors interact. This blog explores key topics in macroeconomics, including open economy macroeconomics, business cycles, dynamic stochastic general equilibrium (DSGE) modelling, labour market dynamics, and search and matching theory. Understanding these concepts is crucial for…

Introduction Labour and education economics are intertwined fields that examine how education, labor markets, and individual well-being interact. This blog explores crucial topics within these fields, including empirical studies on the relationships between labor, health, and well-being, education economics, gender differences in human capital accumulation, labor market transitions of young workers, social mobility, vocational education,…

Introduction International economics and development play a critical role in shaping global prosperity. This blog examines essential topics within the field, including empirical development economics, foreign aid and development finance institutions, foreign direct investment (FDI) and economic growth, trade models with heterogeneous firms, trade gravity and productivity growth, and trade policies within the context of…

Introduction Health economics is a vital field that examines the relationship between health, healthcare, and economic outcomes. It addresses key issues such as healthcare and demographics, the connection between health, wellbeing, and employment, the long-term impact of COVID-19, aversion to inequality in multidimensional wellbeing, and health state valuation through stated preferences. This blog provides an…

Introduction Financial economics explores how financial markets, institutions, and individual behaviors intersect to shape economic stability and growth. Household finance, a crucial subset of this field, delves into how families manage their financial resources, which in turn impacts broader economic dynamics. This guide provides an in-depth analysis of several key areas within household finance: banking…

Behavioral Economics is a field that combines psychology with traditional economic theory to understand how people make decisions. Unlike classical economics, which assumes that people are perfectly rational and always act in their best interest, behavioral economics acknowledges that human behavior is often irrational and influenced by various cognitive biases and emotions. This field has…

In 2024, the creator economy is experiencing unprecedented growth, transforming the way brands engage with consumers and reshaping the landscape of digital marketing. With its value projected to increase significantly in the coming years, the creator economy has become a cornerstone of modern marketing strategies. Brands are increasingly recognizing the power of creator-driven marketing, particularly…

In 2024, the energy market, particularly the oil sector, has experienced significant volatility. This unpredictability is driven by a mix of weak economic data from major economies, ongoing geopolitical tensions, and fluctuating OPEC+ production decisions. Despite some resilience in demand from advanced economies, especially in the United States, overall global demand growth remains modest. The…

In 2024, labor market dynamics in the United States continue to pose significant challenges for businesses across various sectors. A persistent labor shortage is creating a bottleneck in economic growth, particularly in industries such as construction and healthcare. This labor crunch is not only affecting day-to-day operations but is also reshaping long-term strategic planning for…