The True Cost of Free University Tuition

By Dominic Nolan Correspondent, Economics and International Relations Undergraduate Student All is not as it appears in Scottish higher education, a system which is held up as a bastion of social progressiveness by many. Scotland is the only nation of the United Kingdom which does not charge its students tuition fees, which some have argued…

Is Foreign Investment in London to Blame for Property Prices?

By James Moynan Theory Section Editor, Economics Undergraduate Student  Siddons Court is a largely unimpressive feat of architecture, a housing block constructed of a mixture of red and brown brick. Its design barely warrants a glance by the common Londoner, especially when compared to the nearby majestic royal opera house. You would assume Flat 1a,…

European Students: How Valuable Will Your Money Be?

By Blanca Franch Camino Correspondent, Undergraduate Economics Student  European Union students at the University of St Andrews have probably been wondering about the most intelligent way to behave regarding recent changes of their finances. Little did they know that many of the most important decisions were being made for them. In fact, during second semester last…

Monetary Policies of the ECB and the Bank of England

By: Renzo Forastiero “The primary objective of the ECB’s monetary policy is to maintain price stability. The ECB aims at inflation rates of below, but close to, 2% over the medium term.” The above sentence highlights the main flaw of the mandate given to the European Central Bank (ECB) at the Euro’s inception, inflexibility.   It’s…

A Study in Supply

By: Leanne Iorio & Natasha Franks One basic law of economics is that low supply + high demand = high prices.  This equation perfectly captures the commercial real estate situation in St Andrews. Commercial property is undoubtedly in low supply in our town, with essentially only three available commercial streets.  Low supply can drive up prices,…