The Smaller Picture

By Ruth D’souza If you’ve ever fallen prey to the attractive marketing strategy of small sized products, you are not alone. Be it the attractive packaging, the aesthetic of a product that fits in your palm or even the allure of using it as a sample without spending too much, these smaller packs have proved…

Beyond Consumerism

by Khushi Shah ‘In nearly 100 cities, where a combined 700 million live, the consumption of goods and services ‘including food, clothing, aviation, electronics, construction and vehicles’ is responsible for 10 percent of global greenhouse gases. That’s nearly double the emissions from every building in the entire world..’’ – The New Republic Bush fires, ghost…

Boom in the Automobile Industry: The Innovation of Electric Vehicles

By Aman Kayal Edited by Nisha Gokhale Are Electric Vehicles (EV) economical? At first glance, EVs are definitely exorbitant compared to normal fuel run vehicles. However, EVs have significantly lower servicing costs, and unlike Internal Combustion Engines (ICEs), where service costs rise sharply with age, EVs have much lower service cost escalation over the same…

Uber: An Economy of Trust

by Kripa Jalan Did you ever hesitate to take an UberPool or questioned the safety factor before booking an Airbnb? Have you ever stayed in an Airbnb or used an UberPool and tried to understand why these concepts exist, how they started and what they are built on? Have you tried to understand what they…

The Joker: A Game Theorist?

By Drishti Rana “Some men just want to watch the world burn” The infamous phrase by Alfred Pennyworth manages to capture the very essence of the joker’s derangement. Anyone who’s followed The Dark Knight trilogy would agree that  Heath ledger’s character as an inscrutable evil stands to be a masterpiece in the DC universe. With…

Gender responsive budgeting: A fiscal tool to bring about gender parity

By Nisha Gokhale Whether it is data on the rapidly dipping female labour force participation rate or a report on girls withdrawing from schools during the pandemic, a cursory glance at the newspaper headlines is enough to remind oneself of the widening gender gap. When concerns regarding gender disparity are raised, they are usually doused…

The economics of Harry Potter

By Ashna Ranade Have you heard of the phrase “Voldemort to the Economy”? Lord Voldemort is so loathed in the wizarding world that simply mentioning his name is deemed deadly in J. K. Rowling’s Harry Potter series. As a result, practically every witch or wizard refers to Lord Voldemort by aliases like You-Know-Who. The term…

The Economics of Organized Crime: Drug Cartels and the Mafia

Samarth Khanduri “Plata O Plomo” – Silver or Lead.  The beloved phrase from “Narcos” perfectly describes the Narcotics business and the works of most organized criminal entities. Either get paid handsomely for the work that you do or face the wrath of a lead bullet.  From the Italian and American mafias to the Colombian and…

Letter from the Editor-in-Chief: After a year, it’s time to say goodbye

Outgoing Editor-in-Chief Vedant Shukla reflects on his tenure at The Declassified As I reach the end of my term as the Editor-in-Chief of the Economics Declassified, on behalf of the editorial team and myself, I would like to say goodbye to our authors and readers.  As the chief editor of The Declassified, you learn how…

Economics Declassified YearBook for 2020-21

Less of talks, more of action!! Two defining things behind the Economics Declassified, brought to reality in 2016 with a purpose to deliberate, demystify and distill key economic ideas, to make them accessible to students from all streams. As we reflect on this past year, the experience has been simply incredible. We have served the…