World Cup is now heading to its latter stage of the tournament, and without the participation of the Netherlands in this tournament, World Cup still has managed to draw significant attention from football fans across the country. When your team is not participating in the tournament, then one of the most common ways to enjoy
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For the audience who is unfamiliar with contingent valuation (CV), it is a method of estimating the value for each individual on a good. The experimental design of this kind is simple: the interviewer would directly report each willingness to pay to obtain a specific good. This method has been extremely pronounced in situations where
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Summary: During the course of history, we have seen how human capital could make a substantial difference to the economy. For example, the rise of East Asian countries between the 1960s and 1990s is largely made possible by the role of policies that focus on developing the human capability. Still, many countries, especially developing ones, continue
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There is no doubt that we are constantly being surrounded by articles that emphasizes how polarized the income distribution of the world as it is now. Just last week, a report released by a group of politicians, business leaders and trade unions warned us that about two-third of global wealth would be possessed by just
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The science of economics is heavily criticized as to be disintegrated from the society. During the war periods, most of the attention of the academics was devoted to the fact that the decision-making of an individual is only based on his or her own motivation, without any altruistic consideration of others. After the World War,
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As the final whistle was blown in the US Bank Stadium in Minneapolis, the fifty-second edition of the Super Bowl witnessed the underdogs Philadelphia Eagles miraculously defeat ing the New England Patriots by the score of 41 to 33, also one of the most controversial games ever played. And yet, while the sport is only exclusively
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Last week, NS announced a significant change with regards to their policy with the newly-rebranded NS Group Ticket (Groepsretour in Dutch). It is going to affect all frequent domestic travellers: the ticket will be applicable to only one way trips and thus will be relatively more expensive if you take a round trip. Although this tightening
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The Internet has become such an integral part of our lives, which consumes our hours and hours every day (well, or at least it does for me!). Sometimes, we do take it for granted that the access to it should be open as it is right now. It wasn’t exactly the case in the United
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  As individuals, we acknowledge the importance of economic forecasting and how it affects the decision-making process of all relevant entities. From individuals to businesses to governments, you could see that all are paying really close attention whenever any economic forecast is released. Despite its significance, more often than not, economic forecasts are not successful
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Imagine that you are walking into an electronics store in order to shop for your appliances, more often than not, you would actually see that a flashy, modern, (and usually) expensive refrigerator being presented right at the entrance of the store with all of the functions that you need. As you have looked at the
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I remember how excited I was back in the days whenever a science-fiction movie was played on the dusty TV box set at home. Battles between intergalactic universes with illuminating swords, fancy wings of a flying car traveling through time: those images are the indispensable part of my childhood. You might have recalled the video-call
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In recent years, sustainability issues have been taking the centre stage of the business world. Green technology has also achieved tremendous progress: not only are they beneficial to the environment, but also profitable investments as well. In spite of such success, people tend to be over-reliant on it. As counter-intuitive as it may seem, some
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As a committee, we’ve had some rather passionate conversations on how individuals, especially politicians, make decisions based on their available information. In our dire effort to understand the mechanism of strategic decision-making, many of such ideas have been articulated into articles that represent some of the most interesting reads of the past academic year of
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Africa is home to more than 1 billion individuals. The figure might not sound surprising to you, but by the end of this century, the number of inhabitants in Africa is expected to increase by fourfold, and Africans will constitute about one-third of our global population. To accommodate the increasing population in Africa, international organizations
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Following the political shift to protectionism and nationalism, globalization has taken a toll on its seemingly unstoppable growth. In the past two years, parliamentary changes in developed economies (most notably the United States and the United Kingdom) have created a sense of withdrawal from certain affairs. These strategic movements are not only based on political
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As a second-year economics bachelor student, I have only managed to absorb some of the most fundamental principles of classical economics, and barely grasped the bigger picture of the subject matter. At our university (and I do believe other universities do it as well), students are introduced to be accustomed to the thesis of neoclassical theories. The
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Well, you might have already heard about this economic terminology numerous times. You also might have encountered the concept from the United States more recently. In televised US presidential debates last year, Donald Trump and other conservative Republicans, repeatedly spoke in support for trickle-down economics. Although its principles have been largely applied in real-life scenarios,
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Early 1970s competitions were founded back in the with the upsurge of arcade gaming, but tournament quality at the time was amateurish and tournaments were usually considered a supplementary feature of a larger exhibition. In the United States and in some Western European countries, one can even be granted a visa for joining an e-Sports
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As you wandered around the Internet last week, you might have noticed an astounding story in the medical field; this time by an amazing group of five Australian, talented students, who successfully recreated pyrimethamine, the main ingredient of Daraprim. This medicine, as its designated function, should be able to prevent parasitic development in the human
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*Headnotes: The names are understood as “Last name” “First name”. “Korea”, without any further remarks, will be referring to Republic of Korea, or more commonly known as South Korea. Not until this time last week did the media begin to shift their coverage to Asia, amid one of the most tumultuous and chaotic US presidential
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Bombarded on the media everywhere in the world is the coverage of the United States presidency: the seemingly endless battle between Secretary Hillary Clinton and the renowned businessman, TV personality Donald Trump is coming to a close. Our previous two issues published last week also did provide an insightful look-in to these primary candidates (here
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  Despite all of the seemingly global political shifts towards more protectionism and nationalism, highlighted by the astounding outcome of the Brexit referendum mid-June, Japanese voters have decided themselves to maintain the status quo, as Prime Minister Shinzo Abe, the founder of Abenomics, received its much-needed support by getting 33.5 percent of voters to maintain
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