Image Source: Chris Toward/christoward10 Our editors give us the breakdown of this week’s biggest news stories Economics: Lucy Wright Train passengers may be able to capitalise on cheaper rail fares as “split tickets” – a practice previously carried out by only a select group of consumers – becomes mainstream. Instead of buying one ticket, say…
Highlights of the Week (30/12/2019)
Image Source: Chris Toward/@christoward10 Our editors give us the breakdown of this week’s biggest news stories Scotland: Ryan Morrice Rail fares in Scotland increased by 2.4% on average on the 2nd of January. Meanwhile Abellio ScotRail has reported losses of £10 million over a 15 month period. This comes after news that they will be…
The Mesut Ozil Controversy: How Arsenal's Response Explains Politics in Modern Sports
By Charlie Whiteley China’s strict censorship policy has again challenged the values of a major global brand. Arsenal Football Club player Mesut Ozil recently spoke out against the Chinese treatment of Uighur Muslims on Twitter, landing both Ozil and Arsenal in serious trouble with the Chinese government. China’s response has been characteristically swift and efficient, with Arsenal…
The Hawala System and Sharia Banking
How Terror Abuses Financial Institutions Hawala, حوالة, in Arabic translates as transfer in English and trust in Hindi. The Hawala System is an Informal Value Transfer System (IVTS) which is essentially a system whereby money or value in the form of commodities, is transferred nationally or internationally by an organisation that does not offer financial services as…
The Chrysanthemum and the Pork: The US and Japan Strike a Controversial Deal on Trade
The US-Japan agreement will likely be closely scrutinized in the coming months, hopefully providing clues into the economic and political precedent it may create.
Spilling the Beans on Fairtrade Coffee
Fairtrade’s long-term value to both consumers and producers is more likely in the information it conveys about method of production, not in the extra premium it ostensibly conveys to producers.
A Radically Shifting Overton Window
“I believe that marriage is the union between a man and a woman. Now, for me as a Christian… it is also a sacred union. God’s in the mix.” If I was to ask you what politician said this quote, you would probably think it was Mike Pence or someone on the right that was trying to appeal to evangelical voters in the Midwest.
Trumpty Dumpty sat on his wall; will it be his downfall?
The now infamous signature slogan of Trump’s 2016 Presidential campaign to ‘Build the Wall!’ bears little relevance to the current status of said border perimeter. Instead, the wall has now been modelled as a metaphorical, rather than a literal, construction.
The Poor Opposition Parties of Scotland
The next general election is a few weeks away and the dominant party in Scotland, the Scottish National Party (SNP), look set for another strong performance. Polls predict they will take a majority of seats in Scotland again.
The Ulterior Motives Behind Boris Johnson’s Winter Election
Boris Johnson has laid down the gauntlet to Jeremy Corbyn, challenging the Labour leader to a general election in December. This is the first time that a general election has occurred in the month of December since 1923. Yet the PM is prepared to take such an unprecedented step and depart from the usual springtime electoral season as he, like his predecessor
History doesn’t Repeat itself, but it Rhymes
As Democrats move closer to impeachment, we explore how lessons from the 2016 campaign being heeded and why historical impeachments are not necessarily the best examples for comparison.
Climate Change: Could it just be natural? Part 2
By Beatrice Omotosho Climate as a Phenomenon Climate is characterized by mean air temperature, humidity, winds, precipitation, and frequency of extreme weather events over a lengthy period of time, at least thirty years scientists say. The climate forms and follows long term trends usually of periods of warming and cooling. Climate change is therefore a…
Climate Change: Could it just be natural?
By Beatrice Omotosho The science of climate change is a field in which most laypersons are not knowledgeable in nor familiar with. Now this means if you: like I, are a fellow believer, you may find yourself faced with a situation where a climate change sceptic is disputing the facts you believe to know, and…
Onions in India: A Political Economy of Layers
By Lawrence Ho Not one onion is leaving India. This is the policy implemented by the Bharatiya Janata Party (BJP)-led government. You may think that this is a trivial issue, but is arguably a very scary prospect for the onion markets, as a country that exports 2.2 billion kilograms, worth around $514.3 million of fresh…
Testing the Theory: New Research on Asymmetric Information
By Cassi Ainsworth-Grace
Nike, Believe in Something
By John Mann
Booze, Drugs, and Death
By Ryan Morrice Scotland is known for many things: its beautiful Highlands and lochs; its world-renowned whisky; its inventors who gave the world a multitude of innovations such as the telephone and penicillin; and lesser known is the great number of preventable deaths that happen every year: in 2018 there were 1,187 drug-related deaths. Per…
Breaking down China and India’s Economic Rise
China and India are two economic behemoths who regularly make headlines around the world for their impressive development. However, flashback to thirty-nine years ago in 1980, they were among the poorest countries in the world in terms of per capita GDP1. In the span of an average adult’s working life, China and India have developed…
Aldi and the European Disruptors of American Markets
By Charlie Whiteley German grocery chain Aldi is expanding rapidly in the United States and finding equally rapid success. It has doubled its number of stores over the last 10 years, totaling around 1,900 stores. The company is currently amid its five-year plan to become the third largest grocery chain in the US by 2022, a dramatic change in the market. Given…
Spain’s Possessions in North Africa: Undiscussed Controversy?
MENA Section columnist discusses the little known controversy surrounding the cities of Ceuta and Melilla.
Vietnam: Reaping the Rewards?
By Bridget Websdane At the start of this month, the World Trade Organisation disclosed alarming information concerning the ramifications of the ongoing global trade wars. Notably, the organization cut its forecasted global trade growth for 2019 from 2.6% to 1.2%, due in large part to the continued slowdown of world GDP growth, the threats to…
The Americanization of European Football
By Charlie Whiteley For decades, football clubs across Europe dreamt of competing in the UEFA Champions League, the most prestigious club competition in the world. However, after the introduction of the UEFA Conference League in 2021, this dream will all but fade for Europe’s smaller clubs. On September 24, 2019, UEFA introduced the controversial new third tier competition at…
The Mechanics of Trading
This content is published on behalf of the Economics Policy Research Group. By Pratiksha Saha The process of integrating technology and finance is not new and the threats that developments in software bring to the finance industry are well documented. However, the rapid innovation that is occurring in the field of Artificial intelligence demands a…
Musk Effect: Social Media Influence on Share Price
This content is published on behalf of the Economic Policy Research Group By Dain Rohtla Finance is an ever-changing field that shifts as the world around it does. With the growing presence of social media, it is indispensable in business. Behavioral finance takes people’s biases and judgement into account and assumes people do not always…
Economic Peace-building in Syria
By Luca Delpippo With the Syrian civil war reaching its close, at least in terms of conventional warfare, a new battle to reconstruct Syria has begun. With costs estimated to be between $250bn and $400bn, it is likely that this new battle has little end in sight. Current western approaches have not only failed but…
Not Having Children: Good for Environment, Horrifying for Society
By Lawrence Ho A lot of our public discourse this week has been about climate change: the irreversible effects, as well as our continuing impact of humanity on the world. Thanks to Greta Thunberg’s straightforwardness and David Attenborough’s relentless reporting, it has finally entered the public awareness and become one of the key issues of…
The Renewal of Scottish-Independence
By Ryan Morrice With Parliament suspended and the chaotic government led by Boris Johnson dominating the headlines, it is easy to lose sight of the changing political attitudes in Scotland. In July, Nicola Sturgeon, First Minister of Scotland and leader of the Scottish National Party (SNP), proclaimed that “Scotland is heading inexorably towards independence”. Polling…
Creative Destruction: The Collapse of Thomas Cook
By Lucy Wright ‘Move fast and break things.’ The motto of Facebook founder and CEO Mark Zuckerberg encapsulates a sentiment which could be aptly applied to the attitudes the economic structure in which we currently reside. Our fashion is fast, our media is churned out by the minute, our transport uber quick. Yet this defining image…
Behavioural Economics: how far has it come and what’s next?
This content is published on behalf of the Economics Policy Research Group By Valeria Ryabchina When I first came to St Andrews my degree was Economics & Psychology, and when asked to explain such an unusual choice, I would often say ‘I like behavioural economics’. Up until December 2017, many non-Economics students would have told…
A ‘Missguided’ Marketing Stunt
Image source: The Guardian By Lucy Wright Clothing retailer Missguided has been recently subjected to scrutiny for their disregard for sustainability. The controversy surrounds a two piece swimsuit being sold at a scandalously low price of £1. The garment in question has become a symbol for the frightening trend within the industry of ‘fast fashion’ – the rapid production…
He Wasn’t Always Like This: Erdoğan’s Populism Explained
Polen Türkmen explores Recep Tayyip Erdoğan’s populist image and how it has evolved over time.
An Interview with Former Azerbaijani Prime Minister Hasan Hasanov: The Role of the UN Security Council in the Nagorno-Karabakh Conflict
The second part of Rasul Bakhshaliyev’s interview with former Azerbaijani prime minister Hassan Hasanov which covers the role of the UN Security Council in responding to the Nagorno-Karabakh conflict.
An Interview with Former Azerbaijani Prime Minister Hasan Hasanov: Unfolding Key Questions of the Nagorno-Karabakh Conflict
In the first of a two part series, Rasul Bakhshaliyev interviews Azerbaijan’s former Prime Minister Hasan Hasanov to discuss the history of the Nagorno –
Karabakh conflict and the role of diplomacy in responding to this unresolved dispute between between Armenia and Azerbaijan.
The Price of the World’s Longest Embargo
Kyra Ward evaluates the effects of America’s longstanding embargo against Cuba.
The Market this Week: 25 February
Gary Mullins reviews the key financial news of the past week and previews the week ahead.
Davos Wrap-up 2019: Global Transformation or Global Turmoil?
Max Dowden analyses the key themes and takeaways from the recent 2019 World Economic Forum Annual Meeting in Davos.
The Market this Week: 11 February
Gary Mullins reviews the key financial news of the past week and previews the week ahead.
The Market this Week: 4 February
Gary Mullins reviews the key financial news of the past week and previews the week ahead.
Ethics and Social Responsibility in a Capitalist Society
Gary Mullins analyses the role of ethical investing in capitalist societies.
A People’s Vote is the Only Way to End the Deadlock
Conor Tully makes the case for a referendum on the final Brexit deal.
The Market this Week: 19 November
Gary Mullins reviews the key financial news of the past week and previews the week ahead.
Brexit Update: Who is Winning the Battle for London’s Business?
John Ellis investigates how London’s financial sector has been impacted by Brexit.
Making a Difference Through Environmental Impact Investing: An Interview with Miika Korja
Kyra Ward sits down with Miika Korja to discuss environmental impact investing and sustainability policy.
Market Sensitivity to the News: A Study of Tesla and Ford Motors
Kyra Ward and Isabella Peek analyse the relationship between the news and stock prices for Tesla and Ford Motors.
The Market this Week: 5 November
Gary Mullins reviews the key financial news of the past week and previews the week ahead.
The Market this Week: 29 October
Gary Mullins reviews the key financial news of the past week and previews the week ahead.
A Report on the Condition of Student Housing in St Andrews
By Sam McGuire Member of EPRG Outreach Researchers for the Economic Policy & Research Group (EPRG) recently published a report on affordable accommodation for students in St Andrews. The report found some startling results including that the average rent price for students in St Andrews was £542.57, for comparison London’s average student rent was…
The Market this Week: 22 October
Gary Mullins reviews the key financial news of the past week and previews the week ahead.
In India’s abnegation to join the RCEP, lies its resistance to undertake domestic reform
On November 4, Indian Prime Minister Narendra Modi announced that India would not join the Regional Comprehensive Economic Partnership (RCEP) agreement. Prime Minister Modi while reaffirming India’s commitment to free trade and a rules-based international order stated that India would not join the RCEP as it does not, “address satisfactorily India’s outstanding issues and concerns”.
The Implications of Loss Aversion in Education and Competitive Environments
Imagine you are given the following bet: you will earn $X if a coin turns up heads but would lose $100 if the coin turns up tails. What value of X would be required in order for you to accept the bet?
