EconBuzz Silver Economy 14 Mar 2023 Silver Economy is a multisectoral economy, where goods and services are produced, consumed and distributed in response to the consumption demands of the ageing population. Markets in this economy deal…
EconBuzz The Dot-com Burst 7 Mar 2023 The Dot-com bubble, also known as the internet bubble, started around the 1990s as economies transitioned into the Internet age. With an abundance of venture capital and the lowest interest…
EconBuzz The Yield Curve 28 Feb 2023 The Yield Curve is a graphical representation of the path of interest rates for a range of maturities of similar quality bonds. The yield of the bond is taken on…
EconBuzz The Lost Decade — Latin America Debt Crisis (1980) 21 Feb 2023 The Latin American Debt Crisis, also referred to as "The Lost Decade," is the most traumatic economic event in Latin America’s financial history. In the late 1970s, Mexico, Argentina, and…
EconBuzz Prospect Theory 7 Feb 2023 The renowned prospect theory developed by Daniel Kahneman and Amos Tversky in 1979, demonstrates how people make decisions when faced with uncertainty. The theory was first presented in the article…
EconBuzz The Hyperinflation Crisis in Venezuela 31 Jan 2023 The citizens of Venezuela have been facing a Hyperinflation crisis since 2014. In fact, in 2018, the inflation rate peaked at 65,374.08%! Venezuela is an oil-rich country, and it relied…
EconBuzz The Power of Placebo 24 Jan 202324 Jan 2023 Ever met someone who feels a lower price implies substandard quality? If yes, then you probably have witnessed ‘placebo marketing’ in effect. Much like placebo pills, the concept of placebo…
EconBuzz The Credit Crisis of 1772 17 Jan 202317 Jan 2023 The 1772 Credit Crisis was a peacetime financial contagion that began in London before spreading to the rest of Europe. The preceding decade saw a credit boom, which permitted significant…
EconBuzz The Origins of Fiat Money 15 Nov 202215 Nov 2022 Every second of the day, millions of transactions take place around the world, backed by nothing other than good faith and the integrity of a government declaration. However, the legal…
EconBuzz The Conflict Theory 8 Nov 20228 Nov 2022 Have you ever wondered why the rich get richer and the poor get poorer? As claimed by several economists, it is because of the exploitation of the working class in…