What is happening to the Australian economy

August 26, 2012

The Australian economy has marked 21 years without recession this year. What are the drivers of this success? How interdependent are  countries economies in the age of globalization? How will the Australian economy be affected by the China’s slowdown? Read on...

About UK jobs and statistics

August 20, 2012

Sometimes statistics is hard to explain. This is the case with the UK unemployment statistics for the first half of the year. The author of this commentary from the BBC asks some relevant questions about statistics figures in the UK and offers some explanation. The...

Health care and pizza- what do those have in common?

August 12, 2012

  In many ways governments interfere in the free market- be it for correcting market failure or to protect certain social groups and their incomes. And many people will agree that health care benefits society as a whole both in the short and long term. But is...

Eurozone Crisis Explained

August 4, 2012

  Why is the Eurozone crisis still not resolved? And how did the Eurozone come to that situation? This commentary in the BBC news offers an explanation of the situation and some interesting facts and statistics. It turns out that the countries that suffer most of...

Extended Essay in Economics- a challenge?

July 21, 2012

Many students choose to write their Extended Essay in Economics. The Extended Essay is one of the most challenging and exciting parts of the IB Diploma study. Students often feel frustrated by the various aspects of the Extended Essay but there are many useful...

China’s slowdown story

July 10, 2012

  China has been emerging as a very strong economy with fast economic growth of 8-10% on the average during the past decades. The main drivers behind the China growing economy have been investment in infrastructure, migration from rural to urban areas, young...