Welcome to the Q&A session providing an overview of the Government Economic Service (GES) and details about the Assistant Economist Scheme application process. Learn about the benefits of working in the Civil Service, the role of economists in government, and the message from Sam Beckett, Head of th

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Janet Yellen, an American economist and civil servant, made history as the first woman to hold the position of United States Secretary of the Treasury. From her education at Brown University and Yale to her early career as a professor and her groundbreaking roles in economic leadership, Yellen's acc

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Walt Whitman Rostow, an economist, proposed the Stages of Economic Growth theory in 1960, outlining the five stages through which countries pass to achieve economic development. His model reflects Western capitalist ideologies and was influenced by Cold War politics. Rostow's theory aimed to guide d

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The Coase Theorem, developed by economist Ronald Coase, posits that under certain conditions, bargaining related to property rights will lead to an optimal outcome regardless of the initial distribution. It provides a framework for resolving conflicts by emphasizing negotiation and efficient market

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Muhammad Yunus, born in 1940 in Bangladesh, is a renowned banker, author, and economist known for his pioneering work in microfinance. His efforts led to the establishment of Grameen Bank and earned him the Nobel Peace Prize in 2006. Yunus's journey from academia to poverty reduction initiatives in

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The analysis provides insights into the fiscal arithmetic of FY21 and projections for FY22, including capital expenditure growth, revenue receipts, non-tax revenue, disinvestment targets, and measures for financial consolidation. It highlights the shift towards greater transparency in finances and t

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Delve into the comprehensive analysis of the China-Pakistan Economic Corridor (CPEC) and its implications on Karachi's development, featuring insights from Dr. Nadeem Javaid, Chief Economist of the Government of Pakistan. Discover the strategic cooperation fields, industrial zones, developmental tar

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The Perroux Growth Pole Theory, developed by French economist Francis Perroux in 1955, focuses on economic development and structural change. Dr. Tanmoy Dhibor discusses how modern economic growth differs from traditional equilibrium concepts, emphasizing growth towards specific locations. The theor

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Economist Kalecki advocated for a permanent regime of fiscal deficits to manage public debt, emphasizing the importance of debt management for liquidity in the financial system. His principles involve splitting the government budget into functional and financial parts, each influencing aggregate dem

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The Green Economy Progress (GEP) Measurement Framework, spearheaded by Fulai Sheng, a Senior Economist at UN Environment, emphasizes an Inclusive Green Economy (IGE) as a tool for sustainable development. It addresses poverty, inequitable prosperity sharing, and planetary boundary concerns by integr

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Thomas Robert Malthus, an influential economist, proposed a theory on population growth in the 18th century. His theory suggested that population grows exponentially while food production increases at a slower rate, leading to inevitable food scarcity. Malthus also discussed the concept of preventiv

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The Phillips Curve, introduced by economist A.W. Phillips in 1958, initially showed an inverse relationship between unemployment rate (u%) and inflation rate (tt%). This led policymakers to consider a trade-off between reducing unemployment and increasing inflation. However, the concept faced challe

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French economist Thomas Piketty discusses the global dynamics of income and wealth distribution since the 18th century in his presentation, highlighting the shift from rising income inequality to rising wealth inequality. He delves into the long-term evolution of capital/income ratios, wealth concen

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The Property/Casualty (P/C) insurance industry has seen three consecutive years of growth from 2013-2015, with a potential continuation in 2016. Net premium growth rates, catastrophic losses, and combined ratio points associated with catastrophe losses are key indicators examined in this overview. D

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The Basic Urban Model originates from German economist Johann Heinrich von Thünen, focusing on bidding and sorting in urban economics. It examines how activities sort across locations based on land bids and transportation costs to a central market. The model illustrates rent variations for differen

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Explore various career paths in mathematics including roles such as accountant, actuary, auditor, data analyst, economist, mathematician, statistician, and teacher. Each profession utilizes mathematical skills in unique ways, from financial calculations to risk management and data analysis. Discover

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Frederic Bastiat, an eminent economist and philosopher, delves into the topic of law, its purpose, and the misuse of power in society. He critiques how laws can be perverted to serve individual greed and false philanthropy, leading to legal plunder. Bastiat emphasizes the importance of protecting ri

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Tracing the intellectual origins in accounting reveals the roots and influences behind current theories and practices. This process involves connecting the dots across decades to understand the intellectual baggage inherited from the past. Different streams of thought in US accounting literature, st

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Gordon Tullock, an influential economist at George Mason University, challenged conventional wisdom by applying economic principles to politics. He viewed politics as a ruthless game of self-interest, analyzing dictatorships and revolutions with a cynical yet insightful perspective. Tullock's iconoc

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The Economist, Aziz Jaid, from the CEA Bureau for North Africa conducted an empirical evaluation on the impact of the ZLECAf in North Africa, focusing on goods. The context includes coverage of seven countries, the rationale behind the ZLECAf agreement, and details on the liberalization scenarios an

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Explore different indexes for evaluating city liveability, including The Economist Intelligence Unit's ranking and Mercer's Quality of Living Ranking. Discover the most liveable cities globally and delve into the important factors for cities according to the Youth Millennials Survey of 2016. Engage

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Explore various strategies for enhancing livestock management in agricultural operations, including options like buying supplemental feed, leasing additional pasture, and selling cattle strategically to defer recognition of gains. Learn about tax implications, replacement options, and the impact on

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Dive into a visual journey showcasing different concepts such as inflation, economist, basics, consumer behavior, stability, decline, boosting, funds, outlaw, currency, cordial relationships, and more through a collection of vivid images. Explore the depths of economic, financial, societal, and scie

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The zero lower bound (ZLB) poses challenges to conventional monetary policy during severe depressions, leading to prolonged periods of low interest rates. Mainstream macroeconomic theory falls short in providing effective guidance, prompting the exploration of alternate mechanisms such as taxation,

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Adolph Wagner, a prominent German economist, put forth a hypothesis on the growth of public expenditure, linking it to economic development. Wagner's theory suggests that as per capita income rises, public expenditure increases proportionally due to expanded traditional functions, coverage of new fu

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The state-controlled nature of many prominent businesses in China, mixed with instances of corruption and inefficiency at various levels, highlights challenges faced by the government and public discontent. Economist Adam Hersh suggests a complex relationship between government-owned and privately o

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South Korea's remarkable economic growth, described as a "miracle" by Nobel laureate economist Robert E. Lucas, Jr., showcases the country's successful developmental strategy. Led by the government and centered around chaebols, large business groups, South Korea overcame institutional challenges thr

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The Beveridge Report, commissioned during the Second World War, led to significant social welfare reforms in Britain. Under the chairmanship of William Beveridge, the committee assessed the country's social services, paving the way for recommendations that shaped the future of social insurance and a

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Max Weber, a renowned sociologist and political economist, developed the Theory of Bureaucracy in the early 20th century to address the challenges of industrial revolution in Germany. His principles emphasized efficiency and effectiveness in organizational administration. Despite some misconceptions

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Delve into the intricacies of Brexit's impact on the UK and Irish economies as discussed by Dan O'Brien, Chief Economist at the Institute of International and European Affairs. Explore the threats and challenges faced, while also uncovering potential opportunities that lie ahead amidst this uncertai

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Rwanda's debt status and policies were discussed in a presentation by Amina Rwakunda, Chief Economist at MINECOFIN. The global context of debt, including Africa's rising debt post-relief initiatives, and the increasing vulnerabilities and causes were outlined. Challenges, recent developments, and re

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Quantec is a South African consultancy specializing in economic and financial data, business intelligence, and analytical software for over 18 years. They offer services such as data collections, market analysis, and economic modeling, and are the African representative of renowned organizations lik

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In oligopoly markets, prices often remain rigid despite cost changes. The kinked demand curve hypothesis, introduced by economist Sweezy, explains this phenomenon. It suggests that the demand curve an oligopolist faces has a kink at the current price level, with elastic demand above and inelastic de

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The Exchequer Returns for End-Q1 2023, as reported by John McCarthy, Chief Economist of the Department of Finance, indicate a year-on-year increase in total revenue, driven by growth in tax revenue. However, non-tax revenue decreased significantly. Expenditure also saw a notable rise, particularly i

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