Undergraduate Economics Association Blog
Welcome to the UEA Blog! This is a space where our contributors share their insights, analysis, and perspectives on a wide range of economic topics. Whether it's breaking down current events, exploring economic theory, or discussing the intersection of economics with other fields, our blog highlights the diverse interests and voices of our community. Check out their posts below!
Homo-Economicus vs David Hume: Reason vs the Primacy of Passions
Kyle Xu
Why do you want money? Nowadays, everyone has a distinct answer to this question. Yet, the classical economic model seems to stop before this question, assuming that we make decisions by logically calculating costs to maximize utility: homo-economicus.
Fishing in Troubled Waters: The Impact of the South China Sea Conflict on Filipino Fisheries
Mehek Chotrani
Over the years, the Philippines and China's physical proximity to one another has strengthened economic activity and overall relations between the two countries. However, this proximity has recently become a point of contention, particularly due to the South China Sea.
Behavioral Economics: The Psychology Behind Consumer Choice
Devina Saxena
Behavioral economics acknowledges that psychological factors significantly influence decision-making. People are often driven by emotions, cognitive biases, and social pressures, leading them to make choices that deviate from what would be considered "rational" in an economic sense.
Girl Math: Does it Make Economic Sense?
Seunghyun Kang
Are $200 Sephora purchases rash, or can they be justified? In the world of girl math, cosmetics and other unnecessary purchases are no longer seen as superfluous, instead they are seen as investments whose costs can be rationalized by their number of uses.
Ethiopia's Floating Currency: Navigating Economic Reforms Amidst Foreign Exchange Challenges
Tsega Wondwossen
Ethiopia has experienced significant economic expansion in recent years with a GDP growth rate of approximately 7.2 percent in the fiscal years 2020 to 2023 – a testament to Ethiopia's emergence as one of the world's fastest growing economies in today's global landscape.