Tag: M25.5

Behavioural, Economics, Finance and Markets

Perfect and Monopolistic Competition

Perfect Competition vs. Monopoly: Who Really Sets the Price?   In the real world, the pricing of goods and services can fluctuate wildly due to a plethora of economic and social factors. However, over time, economists have developed various models to simulate real-world pricing but in differing conditions; while there are, of course, multiple models, the two models that occupy opposing ends of the spectrum are … Continue reading Perfect and Monopolistic Competition

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Economics, Environment

EV Subsidies

This essay considers whether current electric vehicle (EV) subsidy policies are effective in reducing carbon emissions, focusing especially on how consumer behaviour and usage patterns impact net carbon emissions.   There are four different premises and possible situations for buyers who are considering the adoption of EVs. Firstly, households that currently own no vehicle and will purchase an EV. Alternatively a buyer that owns an ICEV (Internal … Continue reading EV Subsidies

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Development, Economics

The Basic Two Sector Model

Economics is the study of complex interactions between different agents of society—individuals, businesses, governments, and the global economy. Economic models make these interactions easier to understand. The most fundamental example is the two-sector model of the circular flow of income, which focuses on how economic activity is conducted through these interactions.   The two-sector model provides the foundation for understanding how income is generated, distributed, and spent. … Continue reading The Basic Two Sector Model

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Asia

Japan and its Rice Crises

When you think of the Japanese economy, what immediately comes to your mind? The supposed “lost decade”, its deflationary policies or zero interest rates that reduce the effectiveness of its fiscal policies? Or perhaps, you think more positively, zooming in on the advanced technology industry or its high investments in human capital. But what you probably didn’t think about, unless you read the title, were … Continue reading Japan and its Rice Crises

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