Tag: M21.2

Economics, International, Long Read

Modelling Supply and Demand: An Investigation of Price Volatility

Introduction     For those who have lived through a pandemic, price volatility is no new phenomenon. In the early days of lockdown restrictions, dramatic images of empty shelves surfaced across media outlets, prompting fears of widespread shortages and price increases. Economic theory provides a standard explanation: a change in consumer preferences (as the jargon goes) results in a rightwards shift in demand. This leads to shortages, … Continue reading Modelling Supply and Demand: An Investigation of Price Volatility

Unknown's avatarChenyang Li4 Comments
Environment, International

The Economics of Poaching

A century ago, more than ten million wild elephants roamed the forests and savannahs of Africa. Now there are fewer than 500,000 left. The exorbitant price of ivory, at $1,800 per kilo, makes the grisly economics of poaching extremely valuable, condemning 35,000 elephants each year to an ugly death. Despite its trade being banned since 1989 and a global struggle to enforce an ‘ivory crush’, strong demand from East Asia has seen the market expand by 66% since 2003 and has … Continue reading The Economics of Poaching

Unknown's avatarTristan HandLeave a comment
"Central Bank Digital Currency" in typewriter font
Business and Technology, Economics, Finance and Markets

Central Bank Digital Currencies

While the physical world has been frozen in lockdowns, the digital world has been accelerated into our living rooms. Even in a tide of new financial assets, cryptocurrencies have become the most speculative. In the first four months of 2021 alone, Bitcoin has doubled in price, continuing to hear the praises of its early devotees and adding hedge fund titans like Paul Tudor Jones to … Continue reading Central Bank Digital Currencies

Unknown's avatarJohn Chang1 Comment
brown deer near withered tree
Economics, Environment, UK

Is Rewilding Economically Viable in Britain and is it Important for the Future?

One of Britain’s often overlooked key macroeconomic objectives is sustainable use of the environment. The role of GDP growth, often the dominant indicator of the health of the economy, may need to be altered in the face of climate change.  A reimagined goal proposed by Kate Raworth is “to achieve human prosperity in a flourishing web of life”. To achieve this, we might want to … Continue reading Is Rewilding Economically Viable in Britain and is it Important for the Future?

Unknown's avatarLudlow Morris1 Comment
Development, International

Foreign Aid: The Double-Edged Sword

The coronavirus pandemic, dubbed the ‘Inequality Virus’, will push a further 150 million people globally into poverty by the end of 2021. The pandemic’s negative repercussions have been worst felt in low-income countries (LICs), where they have been described as ‘a serious setback to development progress’. Foreign aid has been at the forefront of supporting developing countries for many years, reaching ‘an all-time high of … Continue reading Foreign Aid: The Double-Edged Sword

Unknown's avatarAaryan HariaLeave a comment