“They say Formula One is a market, which it can’t be, obviously. Our market is independent – it’s a sport.” – Bernie Ecclestone Overview With over 75 million people tuning in to watch each riveting race, Formula One (F1) is by far the most popular racing league worldwide. The season usually runs from March to November, with races occurring on a bi-weekly basis. Formula One … Continue reading Fueling Fortunes: The Economics of Formula One
Imagine a world where robots and smart computers work alongside humans, changing the way we do our jobs. Well, that world may come sooner than we think with the rapid development of artificial intelligence (AI). Ever since its invention in the 1950s, AI has been getting smarter and more common in our lives, to the point where it can now interact with humans, such as … Continue reading AI and the Workforce
Inflation, a persistent rise in the general level of prices, poses significant challenges to an economy. Controlling inflation is crucial for maintaining economic stability and safeguarding consumers’ purchasing power. High and persistent inflation has been a significant global issue over the past 18 months, with global inflation reaching 9.3% in October 2022. The UK, however, has been hit especially hard by inflation, with price increases … Continue reading How can we control inflation?
A supply chain is an interconnected network of individuals, companies, and resources involved in manufacturing, distributing, and selling a product to the final buyer. Supply chain management is a crucial process: an optimized supply chain results in lower costs and a faster production cycle for a company. The three national lockdowns have proved to have a detrimental effect on the UK’s economic performance. The pandemic presented unprecedented challenges to global supply chains, disrupting every part of the economy. Demand for certain goods greatly diminished, while others … Continue reading To what extent are Covid related supply chain disruptions permanent and what are their effects?
The Roman writer Publilius Syrus once wrote that “Everything is worth what its purchaser will pay for it”. This encapsulates the businessman’s mindset on a free market, as producers seek to market their product at the highest price consumers are willing to pay. On the other end of the transaction, the concept of homo economicus teaches us that the consumer always aims to maximise utility from a purchase … Continue reading Do ethical companies deserve excess profits?
In a world increasingly concerned with environmental sustainability and the impact of climate change, innovative financial instruments (a monetary contract which can be traded e.g. a stock, bond, derivative) have recently emerged as effective tools to fund projects and initiatives aimed at mitigating environmental damage. Of these instruments, green bonds, have gained prominence as a means to raise capital for projects with positive environmental benefits. … Continue reading Green Bonds: Financing a Sustainable Future
Stock Market Indices, commonly referred to as the barometers of the financial world, have long been utilized by investors and economists, who believe that their movements can provide insight into the broader economy. These indices such as S&P 500, Dow Jones Industrial Average (DJIA) and NASDAQ Composite are widely considered as the key indicators of overall market performance and can be seen as valuable tools … Continue reading Are Stock Market Indices effective in Predicting Economic Trends?
Following Vladimir Putin’s invasion of Ukraine, how has the Ukraine War conflict impacted global economic recovery? Joko Widodo, the Indonesian president, opened the G20 meeting by warning of the risks of the crisis to Ukraine on the global economy, “This is not the time for rivalries and creating new tensions that disrupt the… recovery, let alone endanger the safety of the world, as is happening in Ukraine,”. … Continue reading How has the Ukrainian Conflict Impacted Global Economic Recovery?
Normally, I’d start articles like this with a brief overview of the topic or situation, in an effort to give the reader some background knowledge and ease them into the discussion. But Taylor Swift needs no introduction. Her ‘Eras Tour’ is forecast to be the highest grossing music tour ever. In fact, it’s already the second highest grossing tour of all time, and she hasn’t … Continue reading Taylor Swift and The Eras Tour
Since the late 19th Century the earth has warmed around 1.1 degrees Celsius, carrying huge consequences for ski resorts globally. Whilst some ski resorts at higher altitudes have been virtually unaffected by the increasingly warm climate, others have suffered considerably, most notably due to the decreased amount of snow and increased amount of rain. As a result, several knock-on effects have occurred, including shorter ski … Continue reading How has Climate Change Affected Ski Tourism?
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