I decided to study economics when I was sixteen years old. Back then I did not know much about the subject, and although I am already in the second year of my bachelors, I must admit that I still know very little about it. Sure, now I understand terms like inflation, monopoly, and depreciation. But
CONTINUE READING

The earth is getting warmer. Whether you believe that this is merely a natural process or the effect of human actions; it is a fact that this increase in temperature is meddling with our weather. As a result, natural disasters have been steadily increasing both in number and strength over the past years. This is
CONTINUE READING

It is in human nature to feel in control of the choices we make in our own lives, such as going to the right university, marrying the ideal partner or even deciding which bike would suit us best. According to standard economic theory, consumers, given their personal preferences, try to maximize their own utility within
CONTINUE READING