What is a Trade War?
A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the opposing country’s imports. Trade wars can commence if one country perceives a competitor nation has unfair trading practices [1]. Continue reading…
An Article Written by Zuleykha Gasinova
As we progress to the last month of 2018, economists and various well-known financial agencies have released their forecasts about economic trends in 2019 and upcoming years. Considering the overwhelming economic and political agenda of 2018, economists have a distinct analysis regarding the U.S and global economy. While some economists are predicting a potential slowdown in the economic growth of the U.S and forecasting a recession in the second half of 2020, another group of economists do not feel gloomy about the current economic trends and therefore believe that the U.S economy will continue to grow and even help to boost the global economy. In this article, we are going to closely examine opposing arguments of economists regarding the 2019 economic trends.
The 2018 Nobel Memorial Prize in Economics was awarded to two American Economists, Paul Romer and William Nordhaus, for their work on economic growth theory and the economic impact of climate change, respectively. This article will attempt to scratch the surface of William Nordhaus’ breakthrough contribution to economic modelling of climate changes, or in the words of the prize committee, “for integrating climate change into long-run macroeconomic analysis.”
An Article Written by Sumedha Jain.
On September 30, 2018, big news was made about USMCA, the pending agreement that will replace the near quarter-of-a-century agreement known as NAFTA. Before its intended ratification, knowing what the “historic change” is about, along with its impact on the involving countries compared to its preceding agreement is worth looking into.
Article Written by Zuleykha Gasimova
Economics of Information is a field of microeconomic theory which studies how the imperfect allocation of information affects economic analysis. If we examine the Neoclassical Theory, one of its main assumptions is that everyone has access to the same information (complete information) and everyone has perfect information about the prices of goods and services in the economy (perfect information).