Discover Economics

Mayher Tyagi, Ousedale School Fewer than 60,000 people now own three times as much wealth as half of humanity. In 2025, the world's top 10% earned more than the bottom 90% combined and held around 75% of wealth, while the poorest half held just 2% of wealth and under 10% of income. The share of wealth held by the top 0.001% has risen from 4% in 1995 to 6% today, and billionaire ...

Isla Vessey, Beatrice Webb, Evie Simpson, Sophie Crisford, Lauren Daly – St George’s School For years, governments attempted to control the flow of goods and services across borders, with tariffs, quotas and regulations acting like dams, protecting domestic industries from the threats of global competition. However, as economies became increasingly interconnected, these barriers...

Fang Lingyi, Wan Junccheng, Guo Xinyu, Lui Yike, He Yuejin – Wuhan Britain-China School Dynamic pricing is a dominant mechanism in mega events pricing strategies, which is the price of a product varies with the level of demand. However, fans often complain that tickets price soaring, while lots of loyal supporters are priced out by severe budget pressure. If public backlash is s...

Devorshi Das – John Hampden Grammar School In August 2024, Oasis fans queued for hours only to watch ticket prices climb before their eyes. Economic theory frames this as allocatively efficient, yet it outraged buyers. Roth (2007, p. 38) called such exchanges “repugnant transactions”: efficient, but met with moral backlash. An artist’s promoters belong in this conversation, not ...

Aliyah Koujan-Patel – Notting Hill and Ealing High School Artificial Intelligence (AI) is becoming increasingly prevalent within our society, and has evolved into a specialised tool capable of reshaping economies through enhanced production and innovation. Consequently, AI has a variety of effects on long-run economic growth within developed countries. For instance, increased in...