efficiency - Economics Students Society of Australia

efficiency

A collection of 9 posts

The five-cent coin ... makes no cents?

The five-cent coin ... makes no cents?

Since 1992, the five-cent coin has served as Australia’s lowest denomination coin. In recent years, however, the five-cent has been demoted to either a) a coin that we try to get rid of by shoving down the coin slots at self-checkouts, b) a coin that we try to get

No More Gifts

It’s all happened to us at some point or another. It’s Christmas, or your birthday, and you’re holding an ugly grey sweater while your grandma is standing in front of you with a beaming smile on her face. She waxes poetic about how as soon as she

No taxation without contemplation

No taxation without contemplation

‘No taxation without representation’ was the war cry that drew the American people from apathy to avid opposition at the onset of the American Revolution. Today, we do not face the same peril of colonial burden experienced by the founding fathers. But we do face taxation peril at the hands

The rise of the QWERTY keyboard

The rise of the QWERTY keyboard

If you look down at the keyboard you are sitting at right now, chances are that the first six letters on top row spell “QWERTY”. Conventional economics would tell us that the reason the keys on your keyboard are arranged in this way is because it is the most efficient.

The ugly (economic) truth about our food industry

The ugly (economic) truth about our food industry

When we walk into a major supermarket, some of us expect to fill our trolleys with nutritious food for the week ahead, but nowadays what we’re presented with is a plethora of products. Disregarding perhaps the periphery of the supermarket where the organic fruits and vegetables are, we’re

Real Estate

Prior to 1978 in China, communal farmland was assigned to individuals to work for the government. Farmers gave anything that they produced from their land to the government, which then distributed the crops out to the people. Agricultural land was less productive in 1978 than it had been in 1949,

Economics in the Workplace: Consulting Internship at Deloitte

Okay, so as you are reading this, you may or may not have been sold on ESSA’s mission and vision to show how economics helps you in the industry. During this article, I would like to cement the view that economics helps in the workforce. During the summer, I

ETS is the right policy, it just might not be the right time

ETS is the right policy, it just might not be the right time

After passing through both Houses of Parliament, Australia will officially have an emissions trading scheme on July 1st 2012, which will take the form of a carbon tax for its first three years before moving to a flexible price carbon trading market in 2015. It was hailed by the Labor

economic theory

Economics is for the People

By Collin Li When an economic debate descends into something along the lines of “the economy exists in order to benefit the people – not the other way around,” you should reply: But what is an economy other than many millions of people interacting daily? Let’s not understate the reach