Christmas: Happiness and Economics

In 2016, the London School of Economics conducted an expert survey[1]to explore the relationship between populations’ wellbeing and national holidays. The results showed that 15 out of the 28 professors surveyed agreed that major festive periods, such as Christmas increased wellbeing and overall happiness of populations, while just 5 disagreed, and others abstained. The second …

The Royal Economic Society Annual Conference 2018

The remarkable and prestigious Royal Economic Society is one of the most important associations which promotes the study of the humanitarian science by providing news, resources, support, competitions and events. This charity was incorporated in the Royal Charter in 1902, the notorious club of British founded societies related to academics, from then it is the …

What the IB economics syllabus doesn’t teach you: An insight into the field of behavioral economics

If you open up the first few pages of an IB economics textbook, you will doubtless come across the word “rational”, in the context of explaining how economic agents (buyers and sellers, households and firms) interact. The assumption is, in the course of the two years of an IB economics student’s studies, that us humans …