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Economics

Will Privatising the NHS Fix It or Break It Beyond Repair?

Will Privatising the NHS Fix It or Break It Beyond Repair?

Mariam Arshad For years, the NHS has been called the Pride of Britain - a healthcare system built in 1948, on the principle that no one should have to pay for its services and treatment - a commitment to fairness and social responsibility. But lately, it feels like it’s

The effect of fluctuation in the Pound on the UK economy.

The effect of fluctuation in the Pound on the UK economy.

Toby O'Neill What are the impacts of appreciation? While an appreciation of a currency may sound positive, it can cause various issues for an economy. Firstly, a stronger pound can cause slower economic growth. This is because the price of exports rises, reducing international competitiveness for UK goods

Has Economics Become Too Mathematical?

Has Economics Become Too Mathematical?

Krish Chaddha Introduction Definitions of the phrase ‘too mathematical’ would be heavily contested in this context, however, for the purposes of this essay, something would be classed as ‘too mathematical’ if a significant proportion of the population is unable to comprehend it — given that the field of economics looks at

South Africa's informal job sector

South Africa's informal job sector

Annabel Dickinson (The following article is the runner-up of this year's Economics Alive competition for year 12 economics students) The roads around Cape Town, in South Africa, are filled with locals selling a variety of objects to commuters passing by. The informal job sector in South Africa was

Economics In the Fantasy World

Economics In the Fantasy World

Kammesh Atputhajeyam What Is FPL? FPL (Fantasy Premier League) is a fantasy football game which is currently played by 10,331,796 people. To understand how economic principles are applicable to this game, we must understand how the game works. The goal is to assemble a team comprising of 15

How can the UK government and international partners reduce global extreme poverty?

How can the UK government and international partners reduce global extreme poverty?

Jacob Corne Before the policies that the UK government and international partners could introduce to reduce global extreme poverty are discussed, it is important to recognise a key distinction. Whilst poverty affects nearly half of the world’s population (United Nations, no date), extreme poverty narrows the scope to around

The economics behind hosting the World Cup

The economics behind hosting the World Cup

Tom Rood With the conclusion of the 2022 World Cup in Qatar, economists have taken interest into understanding the economics behind hosting arguably the most prestigious sporting tournament. In July 2008, the General Secretariat for Development Planning in the state of Qatar came up with a great economic ambition known