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Economics

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

Why is the UK government so afraid of inflation?

Why is the UK government so afraid of inflation?

Anya Bansal With the cost of living crisis and prices drastically rising everywhere, inflation seems to be one of the largest issues facing the UK right now. Prices have risen by 10.1% in the twelve months leading up to February 2023. This figure continues to rise month after month

What are the most likely effects of the economic sanctions placed on Russia?

What are the most likely effects of the economic sanctions placed on Russia?

Jacob Corne Formerly a Soviet satellite state, Ukraine had agreed to discard all of its nuclear weapons in return for state independence in 1994. However, this seemingly constructive agreement turned precariously one-sided when power in Russia switched from Boris Yeltsin to Vladimir Putin in 1999. Demanding that Ukraine was Soviet