What In The Economics (WITE) — NUS Economics Society

On 24 February 2022, Russia launched a full-scale invasion of Ukraine, escalating the war that started in 2014 (World Economic Forum, 2023).

The invasion has sparked extensive global apprehension and garnered widespread condemnation from numerous nations, prompting them to affirm their commitment to supporting Ukraine by curtailing Russia’s earnings that are used to spearhead their invasion and attacks on the country (World Economic Forum, 2023). This includes the enforcement of an oil embargo, which rendered Russia unable to export oil to various countries.

What In The Economics?NUS Economics SocietyOctober 9, 2023oilembargo, russia, petroleum, stagflation, oil, oilimportsComment

Banking Crisis 2023: Is Economic Recession Looming?

The ongoing developments in the financial industry have sparked speculation about the potential arrival of the next global financial crisis. Each passing day brings forth new revelations, drawing parallels between the current turmoil and historically-recorded financial crises.

What In The Economics?NUS Economics SocietyJuly 7, 2023economics, economy, recession, banking crisis, banks, bank runComment

Monopoly Economics through the Case of Ticketmaster

In November 2022, American singer Taylor Swift announced her upcoming Eras tour with Ticketmaster, a leading ticketing platform, handling the sales of tickets. The excitement from her fans, however, soon morphed into anger and frustration.

What In The Economics?NUS Economics SocietyMay 7, 2023economics, monopoly, taylorswift, cartel, ogliopoly, ticketmasterComment

Gender Economics in Singapore

Singapore has made significant efforts to promote gender equality, and disaggregated data has played a critical role in informing these policy decisions. For instance, Singapore’s Ministry of Manpower (MOM) publicises quarterly gender-disaggregated data on topics like employment (Xiu, 2020).

What In The Economics?NUS Economics SocietyMarch 14, 2023gender, economics, gendereconomics, singapore, disaggregrateddataComment

The Fed Raising Rates: Should You Be Worried?

NUS Economics Society: Mid-battle against inflation, the Fed might raise the interest rates again.

In the effort to curb the rising inflation – currently at 6% - US Federal Reserve policymakers proposed to hike the Federal Reserve interest rate to above the median of 5.1% on the 16th of December (CNA, 2022).

However, investors were taken aback by the hawkish stance of the Fed as it was believed that the Fed will take a looser monetary policy in the face of declining inflation (CNA, 2022).

What In The Economics?NUS Economics SocietyJanuary 25, 2023inflation, interest rates, federal reserve, unemployment, economyComment

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