Hailed as the most successful model of regional integration, the EU’s unity is challenged on economic, political, and – perhaps most importantly – social grounds. Thriving extremist parties, uncoordinated responses to migration, barbed-wire-fenced frontiers, Schengen Agreement suspension, day-to-day “misunderstandings” between member states, and a pivotal referendum to be held in the UK next June threaten the Union’s stability as well as its so often praised common fundamental values. In short, a region crumbling under the weight of potentially irreconcilable differences between members. Strikingly, all of this ignores recent fights over the Euro, which would make things even worse.
Over the last few weeks, I had some nice conversations with fellow students. The hottest topics turned out to be May’s exams and how to get prepared for them. In addition, some first-year students asked me about examiners’ commentaries and how to make best use of these. Therefore, I thought I’d post something on the Blog to share my views with a larger audience.
Well, we’ve got four months left before examinations. According to my year-wise objectives, this period marks a shift from short-term routine to mid-/long-term planning, which involves practice and perfection of acquired techniques until May. Now, we won’t necessarily agree on the best way to approach exams or when to start revising. However, we should at least concur on the following: practice with past exam papers should take most of our study time.
As a voracious reader, I often hit upon articles from subjects related to economics (e.g. sociology, finance, mathematics, and others) that stimulate my insane quest for knowledge. On the one hand, this is good as it expands our horizons and gets ourselves looking at problems from different perspectives. On the other, being an undergraduate student, I sometimes feel overwhelmed by the ocean of amazing papers written by scholars from disparate universities around the globe. Indeed, the amount of literature we’re exposed to challenges one’s composure. On this basis, I deem it necessary to periodically reorganise my thoughts and objectives by writing down what my opinions are and what I’m looking for when studying.
As briefly touched on in August, EC2066 is part of my studies this year. Microeconomics is the branch of Economics studying how individuals take consumption and production decisions and how their interaction affects the economy, considering we live in a world of limited resources.
Despite such a (simplistic) general introduction, I’d like to tell you about a particular topic – embedded within the realm of Micro and Mathematical Economics – which I believe influences (whether explicitly or implicitly) our daily lives: Game Theory (from now on GT).
Some months ago, I watched a wonderful series on Aljazeera, called Marco Polo: a very modern journey. The tale is fascinating and addresses diverse (current) themes while Marco’s story flows in the background. It reminded me of another amazing series called The Ascent of Money by Niall Ferguson.While watching the adventures of the Venetian traveller, my train of thoughts wound the clocks back in time… Towards the XII century, a new profession was emerging within the medieval Italian city: the ‘merchant-banker’.
These bold entrepreneurs and travellers soon became sedentary and created companies in the major central and northern Italian communes, built on the ashes of the Roman Empire. Such commercial and financial organisations relied on a complex structure (considering the epoch): regular and fast correspondence, accurate accounting practices, bills of exchange, and articulated manuals on measures, currencies, and business customs of many regions of the world (here’s an example).
This is my first post and will be hopefully followed by many others during my studies. My name is Oscar, I’m Italian, and currently pursuing the BSc in Economics and Finance.
I decided to join the blog since I felt I had to share my impressions and experiences with fellow students as well as actively discuss about subjects we’re studying and how these relate to our daily lives. I hope we’ll have engaging discussions along the way.