Economic News and Opinion

Articles offering thought-provoking analysis of news and current events.

ROM Economics will be back in June 2015

Filed in Economic News and Opinion by on November 10, 2014
ROM Economics will be back in June 2015

I would like to thank all our readers and writers for contributing to this website and helping it grow into a valuable resource for economics. In the meantime, please continue to use the current stock of articles and guides and keep in touch with me regarding future opportunities.

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Premier League tickets – will prices ever stop rising?

Filed in Economic News and Opinion by on November 5, 2014 0 Comments
Premier League tickets – will prices ever stop rising?

The price of watching football in the UK has been the topic of much discussion in the press recently, with many questioning why fans are being forced to spend so much money to watch their teams play. It has been clear for a long time that many supporters are being priced out of buying tickets, […]

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Should Economics be more mathematical?

Filed in Economic News and Opinion by on September 18, 2014 0 Comments
Should Economics be more mathematical?

This old argument of Qualitative Economics versus Quantitative Economics has always been controversial (we are talking about Microeconomics specifically).

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Pick your leader, Protect your system

Filed in Economic News and Opinion by on September 1, 2014 0 Comments
Pick your leader, Protect your system

Economists often assume government as a third-party agent, and is responsible for maintaining an efficient market under fair regulation. This neglects the fact that politicians are indeed not interested in achieving the possible best market outcome, but desperately trying to find ways to secure office. Selectorate theory is an attempt to explain these political behaviours and […]

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Asia’s problems and the West’s opportunities

Filed in Economic News and Opinion by on August 16, 2014 0 Comments
Asia’s problems and the West’s opportunities

Displays of upheaval and state breakdown in global politics are not particularly rare, but the number of missed opportunities for dealing with these issues has been shamefully high in recent months. It’s easy to say that no one is to blame; after all there was Syria to deal with. And then Ukraine, Gaza, and now […]

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Chancellor Osborne, a Rise In GDP Per Capita Is a ‘Major Milestone’ Not an Increase In GDP

Filed in Economic News and Opinion by on August 13, 2014 0 Comments
Chancellor Osborne, a Rise In GDP Per Capita Is a ‘Major Milestone’ Not an Increase In GDP

The Chancellor has heralded the latest GDP figures as a ‘major milestone’ in his long-term plan for the economy. Figures released by The Office for National Statistics (ONS) illustrate that the economy grew by 0.8% in the second quarter of the year – a 0.2% increase on the pre-crisis statistics recorded in the first quarter […]

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Licensing and Rent Dissipation

Filed in Economic News and Opinion by on August 11, 2014 0 Comments
Licensing and Rent Dissipation

Referring to my last article (Gondola Licence and transaction costs), I have discussed the relationship between licensing, information cost and price discrimination. My friend kindly pointed out that I have missed out one important constraint – Rent dissipation. In this article, I shall explain how licensing can restrict the dissipation of rent. Rent Dissipation occurs when […]

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Ebola in West Africa: A Growing Economic and Humanitarian Crisis

Filed in Economic News and Opinion by on August 3, 2014 1 Comment
Ebola in West Africa: A Growing Economic and Humanitarian Crisis

The Ebola outbreak in West Africa continues to worsen. Already prevalent in Guinea, Liberia and Sierra Leone, there are now fears that it is spreading to Africa’s largest economy – Nigeria.

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