Cover image of Econs At Work

Econs At Work

We share, discuss, analyse and research various economic concepts and theories, one opportunity cost at a time :) Be amazed and fascinated by the world of economics shown by the perspective of two ent... Read more

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Ranked #1

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The Tragedy of the Commons

The Tragedy of the Commons

"The individual benefits as an individual from his ability to deny the truth even though society as a whole of which he ... Read more

25 Jun 2021

12mins

Ranked #2

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The Prospect Theory

The Prospect Theory

You might have eaten kinder joy? Can you buy a kinder joy with just the creamy, chocolate balls and not the toy that com... Read more

18 Jun 2021

9mins

Ranked #3

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The Optimum Currency Area Theory

The Optimum Currency Area Theory

What would happen if you shared currency with your neighbouring country? What would be the  possible benefits and drawba... Read more

4 Jun 2021

8mins

Ranked #4

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The Crowding Out Effect

The Crowding Out Effect

We are here to talk about the afoul result, which occurs when a government implements an expansionary fiscal policy-'the... Read more

28 May 2021

9mins

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Ranked #5

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The Financial Instability Hypothesis

The Financial Instability Hypothesis

'Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they ... Read more

21 May 2021

10mins

Ranked #6

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The Game Theory

The Game Theory

Want to know the true source of uncertainty that lies in the intentions of others? So we talk and uncover the famous ‘Ga... Read more

14 May 2021

12mins

Ranked #7

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The Shock Therapy

The Shock Therapy

You might remember the time when the Weimer government backed off in Germany when they were not able to pay the reparati... Read more

29 Apr 2021

9mins

Ranked #8

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The Permanent Income Hypothesis

The Permanent Income Hypothesis

So how do consumers safeguard their income according to the long term? Ever wondered about it and how it happens when we... Read more

22 Apr 2021

8mins

Ranked #9

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The Creative Destruction

The Creative Destruction

We are seeing technologies taking a step further everyday right? Or newer innovations baffling us. So we are here today ... Read more

15 Apr 2021

10mins

Ranked #10

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The Arrow's Impossibility Theorem

The Arrow's Impossibility Theorem

Can fair voting ever take place? Beginning with the simple answer- no. So here we are to explain you all about the Arrow... Read more

9 Apr 2021

8mins

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