Economic Development or Economic Growth?

No one knows for sure who first invented money, but historians believe metal objects were first used as money as early as 5,000 B.C. Around 700 B.C., the Lydians became the first Western culture to make coins. Eventually, societies moved away from using precious metals to make money - the first paper money issued in …

THIS IS WHY CRISTIANO RONALDO CAME TO ITALY

Cristiano Ronaldo is one of the greatest and maybe even the best footballer and sportsman in the world nowadays. This summer, after 9 years playing for the Spanish top club Real Madrid, with which he won 4 Champions Leagues, Ronaldo transferred to Juventus in Turin, Italy for 105 million euros with a new contract. He …

The Royal Economic Society Annual Conference 2018

The remarkable and prestigious Royal Economic Society is one of the most important associations which promotes the study of the humanitarian science by providing news, resources, support, competitions and events. This charity was incorporated in the Royal Charter in 1902, the notorious club of British founded societies related to academics, from then it is the …

What the IB economics syllabus doesn’t teach you: An insight into the field of behavioral economics

If you open up the first few pages of an IB economics textbook, you will doubtless come across the word “rational”, in the context of explaining how economic agents (buyers and sellers, households and firms) interact. The assumption is, in the course of the two years of an IB economics student’s studies, that us humans …