By Tanisha Kamat | Edited by Khushi Shah India’s box office is no stranger to the limelight, with a staggering $1.4 billion valuation in 2019 (pre-pandemic) and an impressive 11.5% year-over-year increase since the 2000s. At the heart of this success is Bollywood, the hub of Indian cinema, covering a sprawling 30-square-mile area that wields…
Category: Interdisciplinary
The Economics behind Global Layoffs
By Shriya Vora | Edited by Ikshita Jain News of various reputed companies firing not hundreds but thousands of employees, is a cause of concern for the world economy. Employees fear that they will be the next to lose their jobs amidst such a volatile job market. It is no joke to hear about profitable…
Hotelling’s Model of Spatial Competition: How does a Location of the Firm Affect Market Competition?
By Saloni Gala | Edited by Ruth D’Souza Ever wondered why Starbucks and Barista are located next to each other? Or why are there so many beauty salons on the same street? Why do fast food outlets, petrol pumps, restaurants seem to gather around in the same area instead of spreading around evenly in a…
The Economics of Freebies
By Shambhavi Kumar | Edited by Aman Kayal As a report published in The Quint aptly sums it up, Freebies are akin to “putting money in your left pocket by taking it out from your right pocket.” With the legitimacy of freebies offered by politicians before elections being challenged in the Supreme Court over the…
IT’S ALL IN THE MIND: THE NEUROECONOMICS OF DECISION MAKING
By Tanisha Kamat | Edited by Ikshita Jain “We could solve all our problems if only we were the efficient, rational human beings of standard economic theory,” said Jeremy Grantham, British investor, and CEO, as he challenged the very base of every modern economic theory: a purely rational human being. Unfortunately, today’s neuroscience tends to…
Cracking the Formula For One Win – The Economics Behind F1
By Diva Sheth | Edited by Ikshita Jain The world in the 21st century is rapid and fast-paced. The human love for speed along with technology has created what we now call the massive billion dollar industry- the F1 race, a large employer of thousands of people where teams act as individual businesses that keep…
Japan: A Dormant Economy?
By Atiyah Krishnan Japan, the land of the rising sun, is a country living in the future. They have made some remarkable innovations like the world’s first high-speed bullet train, QR codes, CD players, PlayStation and now even hotels with humanoid robot staff. This era of rapid growth and development started in the 1960s. The…
PURCHASING ART : A PLOY TO DODGE TAXES?
By Atiyah Krishnan | Edited by Nisha Gokhale More money, more problems. This is what the rich would have you believe. People with greater incomes are subjected to more taxes and seek to reduce it through different means. They hire tax lobbyists or tax lawyers who are well-versed in the tax code and find loopholes…
Afghanistan: An ever-expanding drug economy
By Abhinav Nath Jha | Edited by Ashna Ranade After returning to power almost after two decades in Afghanistan, one of the first public announcements that the Taliban made was a pledge to curb all modes of production and sale of drugs. Interestingly, that’s a promise the Taliban has made in the past too in…
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…
Economics Declassified 