Vanessa Cheung

My name is Vanessa and I am currently taking a gap year before studying Economics at University. Born in Hong Kong and lived there for ten years, I have witnessed rapid economic and political changes in both Hong Kong and China. Since then, I have developed a special interest in developing economies such as China and India, and how different policies can help them to grow and become one of the largest economies in the world.

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Vanessa Cheung's Latest Posts

A Beginner’s Guide to the Big Mac Index

Filed in Basic Concepts, Economic Basics by on November 6, 2014 0 Comments
A Beginner’s Guide to the Big Mac Index

The Big Mac index was first used by The Economist in 1986 as an informal guide to purchasing power parity (PPP). It was chosen because McDonald’s is almost present in every country in the world and the ingredients of making a Big Mac stay pretty much the same.

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Purchasing Power Parity (PPP) Explained

Filed in Economic Basics by on July 21, 2014 0 Comments
Purchasing Power Parity (PPP) Explained

Purchasing power parity (PPP) is a theory developed by Gustav Cassel, a Swedish economist in 1918.

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A Beginner’s Guide to Say’s Law

Filed in Economic Basics by on May 4, 2014 2 Comments
A Beginner’s Guide to Say’s Law

Say’s Law is a theory developed by the French economist Jean-Baptiste Say in 1803, and has become one of the main assumptions in classical economics.

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Forward Guidance Explained

Filed in Economic Basics by on March 17, 2014 0 Comments
Forward Guidance Explained

Forward guidance is a policy used by the central bank to influence people’s expectation on future interest rate levels. It is about making a promise to keep interest rates low for a long period of time in the future.

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Engel’s Law Explained

Filed in Economic Basics by on February 17, 2014 1 Comment
Engel’s Law Explained

Engel’s Law is named after the statistician Ernst Engel, who was the first to investigate the relationship between income and spending on food in 1857.

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A Beginner’s Guide to the Keynesian Model (Part 2)

Filed in Economic Basics by on January 23, 2014 1 Comment
A Beginner’s Guide to the Keynesian Model (Part 2)

Vanessa Cheung takes us through the second part of our complete guide to the Keynesian Model.

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A Beginner’s Guide to the Keynesian Model (Part 1)

Filed in Economic Basics by on December 10, 2013 0 Comments
A Beginner’s Guide to the Keynesian Model (Part 1)

Vanessa Cheung takes us through the first part of our complete guide to the Keynesian Model.

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A Beginner’s Guide to Endogenous Growth Theory

Filed in Economic Basics by on November 9, 2013 0 Comments
A Beginner’s Guide to Endogenous Growth Theory

The endogenous growth theory was developed by economists, including Paul Romer and Robert Lucas, in the mid-1980s. The theory came about because economists had become increasingly dissatisfied with neo-classical growth models that did not explain where the technological changes in economies came from.

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