ROM Economics http://www.romeconomics.com The complete resource for economics education. Mon, 19 Jan 2015 17:27:01 +0000 en-US hourly 1 http://wordpress.org/?v=4.0.16 ROM Economics will be back in June 2015 http://www.romeconomics.com/rom-economics-will-back-june-2015/ http://www.romeconomics.com/rom-economics-will-back-june-2015/#comments Mon, 10 Nov 2014 12:00:44 +0000 http://www.romeconomics.com/?p=3669 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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A Beginner’s Guide to the Big Mac Index http://www.romeconomics.com/beginners-guide-big-mac-index/ http://www.romeconomics.com/beginners-guide-big-mac-index/#comments Thu, 06 Nov 2014 11:00:43 +0000 http://www.romeconomics.com/?p=3613 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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Premier League tickets – will prices ever stop rising? http://www.romeconomics.com/premier-league-tickets-will-prices-ever-stop-rising/ http://www.romeconomics.com/premier-league-tickets-will-prices-ever-stop-rising/#comments Wed, 05 Nov 2014 14:38:44 +0000 http://www.romeconomics.com/?p=3663 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? http://www.romeconomics.com/economics-mathematical/ http://www.romeconomics.com/economics-mathematical/#comments Thu, 18 Sep 2014 19:23:15 +0000 http://www.romeconomics.com/?p=3621 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 http://www.romeconomics.com/pick-leader-protect-system/ http://www.romeconomics.com/pick-leader-protect-system/#comments Mon, 01 Sep 2014 10:32:35 +0000 http://www.romeconomics.com/?p=3597 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 http://www.romeconomics.com/asias-problems-wests-opportunities/ http://www.romeconomics.com/asias-problems-wests-opportunities/#comments Sat, 16 Aug 2014 11:19:06 +0000 http://www.romeconomics.com/?p=3576 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 http://www.romeconomics.com/chancellor-osborne-rise-gdp-per-capita-major-milestone-increase-gdp/ http://www.romeconomics.com/chancellor-osborne-rise-gdp-per-capita-major-milestone-increase-gdp/#comments Wed, 13 Aug 2014 10:00:33 +0000 http://www.romeconomics.com/?p=3573 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 http://www.romeconomics.com/licensing-rent-dissipation/ http://www.romeconomics.com/licensing-rent-dissipation/#comments Mon, 11 Aug 2014 11:00:31 +0000 http://www.romeconomics.com/?p=3516 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 http://www.romeconomics.com/ebola-west-africa-growing-economic-humanitarian-crisis/ http://www.romeconomics.com/ebola-west-africa-growing-economic-humanitarian-crisis/#comments Sun, 03 Aug 2014 13:23:27 +0000 http://www.romeconomics.com/?p=3564 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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India’s budget and FDI: the vehicle on the road to investment-led growth http://www.romeconomics.com/indias-budget-fdi-vehicle-road-investment-led-growth/ http://www.romeconomics.com/indias-budget-fdi-vehicle-road-investment-led-growth/#comments Wed, 23 Jul 2014 09:00:25 +0000 http://www.romeconomics.com/?p=3540 The Indian Finance Minister, Arun Jaitley, recently revealed India's new budget. It is intended to be the Government's strategy to build a stronger economy and secure Indian's future.

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