6 C
Saint Andrews
Sunday, December 16, 2018
Home Authors Posts by Money

Money

319 POSTS 0 COMMENTS

2018 Nobel Prize in Economics Awarded to Yale Professor William Nordhaus and NYU Professor Paul Romer

On 8 October, the Royal Swedish Academy of Sciences named Yale’s professor William D. Nordhaus and NYU School of Business’ professor Paul M. Romer as this year’s winners of the 50th Sveriges Riksbank Prize in Economic Sciences, in Memory of Alfred Nobel. The official press release states that it was awarded to Prof Nordhaus "for integrating climate change into...

World Economy This Week

United States’ federal budget deficit amounted to $779 bn for the fiscal year ending 30 September. It has increased to 3.9 per cent of GDP, up from 3.5 per cent in 2017. One of China’s largest producers of vaccines, Changsheng Biotech, was fined ¥9.1 bn ($ 1.3 bn) by the government in relation to its faulty data on vaccines for...

The Dating Market: The Economics of a Relationship

Finding love is a hot commodity—something heavily in demand, but not so easily obtained. What I would like to argue is that the “Dating Market” explains the basic concepts of economics in very basic terms because it is a market in itself. Although this is not to say individuals themselves are commodities, we can instead look at the values...

Making Money Moves: A Guide to Renting Flats in St Andrews

The scene is set: after living in halls for at least your first year, you’ve decided you need your own place. But where do you start? What do you need to know as your general rules as a renter? Or, perhaps, you’ve already moved out of halls, but are discontent with your current flat? What are your protections as...

Embracing Social Enterprise with Enactus St Andrews

St Andrew’s entrepreneurial spirit this year is vivified by the prevalent presence of Enactus. Though the society is not new to St Andrews, they have transformed rapidly within the past few months, an effort that placed them in the final three of Enactus UK’s Summer Action. Curious to find out what lies ahead for Enactus, The Saint sat down...

The Experiential vs Material Purchase Dilemma

Among today’s consumerist trends sparks the rapid rise of consumption for experiences. Long gone are the days when shopping is centered around brick-and-mortar retail. Nowadays, customers focus on the shopping experience, and in some ways, shopping for experiences. With all the late jostle revolving around the magical power of experiential purchases and claims that they make people happier, I...

The Quant Conference Returns

When I last spoke to Nikita Fadeev, who graduated from St Andrews this past spring with an undergraduate degree in mathematics, he was in the process of planning an ambitious and nearly unprecedented student-organized conference designed to introduce young bright minds to the daunting world of quantitative finance.  For the uninitiated among us, quantitative trading is an umbrella term for...

On Co-determination

The 2018 Labour Conference brought with it a raft of new proposals, but none attracted as much press as Labour’s proposals to force large companies to have a third of positions on their boards be reserved for workers at the company, and to make large companies reserve 10% of their shares for a fund owned and managed by workers....

World Economy This Week

A resolution to the trade war between the USA and China remained a distant prospect, as new tariffs came into force. The Trump administration announced that tariffs would be imposed on a further $189bn (£145bn) worth of Chinese imports. A rate of 10 per cent will apply starting from September 24, rising to 25 per cent starting January 1...

World Economy This Week

In the ongoing China-US trade war, President Donald Trump’s administration plans to unveil fresh tariffs on $200bn in Chinese products, as Beijing is debating new ways to retaliate. China’s stocks dropped to their lowest level in nearly four years on Monday, the slow burn exacerbated by investor concerns over trade tensions with the US. A weaker yuan also makes...