Have you ever wondered what a bank run is? And why this phenomenon occured a lot during the financial crisis? This video explains it!
On November 30th, the Talent Day from Asset | Economics took place. Five companies presented themselves and offered workshops and casestudies to the Master-students and third-year Bachelor students in Economics. The idea of the day is to prepare students for the labor market and to let them meet possible future employees.
In the United States a silly idea emerged which is called YesCalifornia. Inspired by the Brexit, they are a group who are actively promoting a Calexit. They are asking for the support of citizens on a referendum which would be held in March 2019 and could enable California to become an independent country. Since the presidential elections in November, this idea has grown quite a lot in popularity. What started out as a silly and sarcastic idea is now growing into a serious suggestion.
A year ago I could no longer deny that the time of studying was coming to an end. Many of you will recognize the helpless feeling of having all the possibilities in the world but not a clue of what to do next. To decide I made a list of all possible plans: finding a job, doing another study, go traveling and more. I made a list of countries where I could go to for traveling or studies. I consulted a lot of friends and had some sleepless nights because of all the freedom I had. Suddenly my old dream of studying Spanish returned. Years before I did the beginners course of Spanish at the Language Center of the university. For the ones that don’t know: you can study languages for free at Tilburg University (with the vouchers all students receive). I cannot encourage you more to do so. Learning a language opens a new world, a new way of thinking and a lot of people to talk to. However, the best and most fun way to learn a language is of course to learn it in a country where they speak the language. Last September I flew to Valencia and went back to school.
It is almost December! December is one of my favourite months. I’ll admit, I’m not a big fan of the cold and the rain. What I do love though is Sinterklaas, Christmas and New Year’s. Just spending time with family and friends. It is the month of celebrations and the month of giving. One of the big events in the Netherlands is the glass house of 3FM Serieus Request, where everybody listens to music and donates money. Last year they collected an amount of 8.466.249 euros! But why do we donate money to charity?
Thursday the 23th of June in the East of Brabant a hailstorm like no one has ever seen before caused damage on cars and roofs. Farmers were also hit by damage of their glasshouses, barns as well as crops. This on top of damage by flooded fields due to heavy rainfall this season makes the crop season 2015 – 2016 a disaster for farmers of the southeast of the Netherlands. The estimated damage, of which part is insured and part is not, is around 500 million euros according to farmer organization ZLTO.
It’s been established that when it comes to behavior, animals are not that different from humans. Both have feelings of compassion, empathy, as well as possess the ability to work in teams to consulate each other and even to free-ride. The similarities do not end there, humans and animals have been found to make the same economic decisions. We can trace the same patterns in both species’ behavior and actions when it comes to demand, consumption, and allocation of resources.
Animals, like humans, optimize their energy intake and are motivated by their material self-interest, like the need for food. They are rational and make decision in accordance with their own preferences, just like us always seeking to maximize our utility. For any kind of species gaining food and comfort is connected to incurring costs. Humans as an example need to give up part of their income, even sometimes their savings, in return for the goods and items that they desire. When looking at animals, their costs generally consist of the time and the effort they spend to gather the food needed or to build or find shelter.
According to the Dutch research institute TNO 18 percent of the working population in the Netherlands has tried to find work in the gig economy, also known as crowdwork. These two abstract terms describe a new phenomenon on the labour market brought by the digitization of this age. Uber drivers or Foodora delivers are prime examples of workers in this part economy. Independent workers can find job oppurtunities from a simple app they installed on their phones.