We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics Prices in the UK have risen by 5.4% in December 2021, up from 5.1% in the 12 months to November. The upward … Continue reading News Briefing – 24/01/22
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics Inflation in the US jumped to 7% in December 2021. The consumer price index illustrated that food and energy prices were the … Continue reading News Briefing – 17/01/22
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics In November, US employers added 210,000 jobs – a disappointing figure compared to forecasts of 550,000 jobs. It is also less than half the … Continue reading News Briefing – 6/12/21
The largest cause of shocks to worldwide stock markets in recent years – other than COVID 19 – has been the threat of the introduction and escalation of the trade war between the US and China. During this conflict, hundreds of billions of dollars have been wiped off the global economy, with the brunt of economic losses being felt by the US and China. In … Continue reading China-US Trade Wars: What are the strategic reasons behind China’s stance?
South Korea is renowned for its rapid economic growth and successes in the manufacturing industries, such as Samsung, and education is considered to be one of the key drivers. Better quality education is related to higher GDP, increased productivity and rising wages due to the positive externalities that arise from its consumption. Furthermore, private tutoring (PT) is a crucial element of education in South Korea … Continue reading Private Tutoring – South Korea
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics Jerome Powell will serve a second term as chairman of the Federal Reserve. Given current economic uncertainty, the decision to keep the … Continue reading News Briefing – 29/11/21
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics Consumer prices in the USA have increased by 6.2% this October compared with prices this time last year. This is the highest … Continue reading News Briefing – 15/11/21
The real business cycle, also known as the boom-and-bust cycle, is a term that illustrates how an economy evolves over time. The real business cycle shows that macroeconomic fluctuations within an economy can be described by technological shocks and changes in productivity. The change in growth affects the decision making of firms on investment. In RBC theory, business cycles are created by agents responding optimally … Continue reading Real Business Cycle Theory
When it comes to incarcerating criminals, there are two options in the US: state or private. A state prison is entirely owned by the government. The government then needs to oversee almost everything, from hiring the guards to providing the building itself. Although, even with state prisons, much of the work, such as food service and prisoner transportation, is outsourced to private contractors. With a private prison, … Continue reading The Economics of Private Prisons
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics The USA has seen strong jobs growth this quarter, with average wages also rising. October alone saw the creation of over half a million … Continue reading News Briefing – 08/11/21
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