On ECONnect, we’ll be breaking down real life events and explaining the economics behind decisions made by governments and other institutions. We will go beyond the standard news article by defining economic concepts and their real world applications.
Credits
Art: Manya Garg
Music: Vidhi Jhunjhunwalla
Unfortunately, the severity of Russia's assault on Ukraine has not yet changed. In this episode, we discuss nuclear disarmament, the Budapest Memorandum and the United Nations' role in wars. Stick till the end to hear Akshaya fan-girling about President Zelensky!
27 Feb 2022
Ukraine v. Russia - The Basics
On Feb 24, 2022, Russia launched a full-scale invasion in Ukraine and was met with stiff resistance from both the Ukrainian people and the world at large. In this episode, we discuss the history of tensions between the two countries and the repercussions that Russia faces for its actions.
28 Jul 2021
Stagflation in the USA
The simultaneous increase in price levels and decrease in economic output is called stagflation. This episode explains the meaning, causes and effects of stagflation by looking at the USA as an example.
25 Jul 2021
Hyperinflation in Zimbabwe
Many countries have faced severe hyperinflation in the past. This episode explains the meaning, causes and effects of hyperinflation by looking at Zimbabwe as an example.
23 Jun 2021
Inflation: A Necessary Evil
The Covid-19 pandemic has resulted in record inflation around the world. Inflation hurts consumers, producers, and nations. However, it is a well-known sign of economic growth.
20 Jun 2021
The Economic Impact of Racism
Racism is a social evil, but a harsh reality of today’s world. However, its impact is also felt on the economy of nations. Why does it continue to exist?
16 Jun 2021
New E-Commerce Draft Rules in India
The Department of Consumer Affairs has proposed changes to the Consumer Protection (E-Commerce) Rules, 2020. These proposed amendments have not been received well by the business community.
13 Jun 2021
The G7 Summit 2021
The 47th G7 summit was held in Cornwall, UK, from 11th to 13th June, 2021. A variety of topics were discussed and agreed upon by the seven member countries.
9 Jun 2021
Soaring Fuel Prices
Fuel prices in India are reaching record high levels which is hurting the common man, business firms and ultimately the country’s economy.
6 Jun 2021
India’s Declining Female Workforce
A major issue in the mobilisation of labour in India is the increased involvement of women in the labour force. The lack of demand and supply of female workers is a huge drain on our economy and has several causes that are rooted deeply in societal norms.
2 Jun 2021
Economics of Climate Change
Climate change is a harmful phenomenon in and of itself but it also has huge impacts on the economy. Reversing these impacts requires new economic policies that also reverse climate change. This should be our top priority.
30 May 2021
Bangladesh Showing its Economic Rise
Bangladesh’s economy is growing because of the EU’s Generalised Scheme of Preferences program and other trade preferences. This has given Bangladesh the ability to help its neighbouring countries that are in crisis.
26 May 2021
Global Chip Shortage
The pandemic, among other things, has impacted the semiconductor chip supply chain leading to a global shortage. This is affecting the industries that use these chips in their production line and also has an impact on our everyday lives.
23 May 2021
Economics Behind Vaccines in India
Russia has sent multiple consignments of their Sputnik V vaccine to India to help with the ongoing shortage in the country. India’s pharmaceutical company Dr Reddy’s Laboratories has signed an agreement with RDIF to produce this vaccine in India by August.
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