Monday, 31 December 2012

Financing the Future

Since the beginning of December, many Hungarian students have been protesting against a series of government measures which include both a cutback of state-financed university places and an obligatory contract which requires state-financed students to work in Hungary for at least 10 years upon graduation. The decisions outraged university students, applicants and teachers alike - yet in many other countries, university costs are indeed financed by the students themselves. Who is right? What could be the optimal solution for Hungarian higher education? 

The sign reads: My future. Source: index.hu

Wednesday, 26 December 2012

We wish you a very economic Christmas

Schoolonomic would like to wish Merry Christmas and an undisturbed festive season to all of it's past, present and future readers. In today's post, we will explore the economic background of the holidays - what effects does gift-giving have on our economies?

Source: blog.dollardays.com

Wednesday, 12 December 2012

Glassmaking and economics

On November 6th 2012, our class has visited a glassmaking factory at Orosháza, a Hungarian city with a strong tradition of glassmaking. The factory belongs to Guardian, one of the largest industrial glass producer companies in the world. We have seen the process of float glass-making in it's totality – from the immense heat of the glass furnace to the high-tech, automatised error scanning system. But how does this relate to the field of economics? Read below.


Sunday, 9 December 2012

The world of Pareto

After a week of absence Schoolonomic returns with a new post on a set of seemingly unrelated, yet similarily named phenomena. The Pareto efficiency wasn't the only contribution of Vilfred Pareto to the field of economics, but also an index, a chart, a law, a distribution and a principle. Today's post will explain each, to get a better grasp of the Italian economist's heritage.