Dumping and its Menace: How China evades Illegality?

Imagine the emergence of a new foreign firm selling its products at a comparatively lower price than the domestic market. Such a situation is a hazard to the native markets as it imposes a threat to local business with pressing competition. This scenario is noticeable in developing and less developed countries, as the market is…

Farm Laws: A Viable Decision?

For Indian Agricultural Acts 2020 – Krisha Gandhi The controversial farm laws have been a cause of indignation and discord among many since their introduction in September. People have largely split into two opposing factions, with each citing their own reasons for standing in solidarity or disagreement with the laws. The matter has received too…

Budget Special: A Vaccine for the Economy?

Economics Declassified, the official newsletter of the Department of Economics, St Xavier’s College – Autonomous, Mumbai presents – A VACCINE FOR THE ECONOMY? – A detailed Analysis of Union Budget 2021 and XV Finance Commission Report. On February 1 this year, our Finance Minister announced perhaps the most consequential Union Budget ever. While markets are…

To (not) kill 2 birds with one stone!

“If you really think the economy is more important than the environment, try holding your breath whilst you count your money.”  – Dr. Guy McPherson  The combat between the economy and the environment is age-old. While the pro-economy and the pro-environment populace stand their ground, what do liberals like me, who equally care about the two,…

Economics Declassified Newsletter: January 2021 Issue

Greetings! The Department of Economics, St. Xavier’s College – Autonomous, Mumbai is proud to present the second edition of its official newsletter- The Economics Declassified. This newsletter is our attempt to establish a space for the young minds where they can learn, gain insights and update themselves with the critical issues in the paradigm of…

In Conversation With Mr. Prakash Sakpal

The erratic nature of the world gives the subject of Economics a dynamic yet intricate complexion. Although this makes it harder to find definite solutions, it definitely does make the exploration of the discipline very interesting. With the same intention in mind, the Declassified spoke with Mr. Prakash Sakpal, a Senior Asia Economist with ING…

The Irrational Consumer

Let’s rewind to when I was in my 11th grade economics class, learning about consumer behavior for the first time.  There I was, reading about the concepts of utility and maximization of satisfaction when I came across an assumption that has left me puzzled to this day: “We assume the consumer is rational.” This set…

China’s Economic Rebound : The Good, the Bad and the Ugly

Has China’s economy really recovered from the 2020 Pandemic? The COVID-19 pandemic has had a severe impact on the global economy. With many countries enforcing lockdowns to curb the pandemic, there has been a serious disruption in the global supply and demand chains. Unemployment levels, too, are on the increase, as it becomes difficult for…

Behind Scam 1992: The Basics of the Securities Market

The Securities Scam of 1992 was a revelation. It opened up the eyes of the public to the volume of funds that pass through the Securities (Stocks and Debts) Market every single day. Almost three decades later, the 1 billion $ scam is back into popular culture and public spotlight with representation all over the…

The Economics of Having an Edge

Saudi Arabia is a desert country. Yet it imports sand from Australia. What’s the reason behind this bizarre arrangement? The sand Saudi Arabia has is not the right kind to build concrete for its towering skyscrapers and fancy resorts. These are too small and too smooth to be much use for construction; you might as…