Faculty of Economics and Business

Not minorities are equal – some are more equal than others in the eyes of their majority culture colleagues.

According to Trump, the deficit on the United States’ current account indicates unfair trade. Trade is a key issue in the Trump administration’s international economic policy. The main strategy – imposing tariffs on imports from any country the...

Professor Bart Los and fellow researchers were recently awarded best paper for their research on the mismatch between local voting and the local economic consequences of Brexit. In short, they discovered that areas with the strongest leave vote were likely...

The faculty now has a podcast! It's called Econ 050, and you can subscribe now on iTunes.

How to compare people’s incomes internationally? How do economists assess which citizens are wealthiest, and which poorest, when costs differ all over the world?

It has been observed in many sports that the level of competition has increased over the years to an extent that we can speak nowadays of a crises at the top of these sports. Not only the number of ex aequo game results is large, also the variation in...

In interviews and autobiographies, powerful people such as business magnates, well-known politicians, or high-ranked military commanders often emphasize the importance of relying on their gut feeling when making decisions. The question that comes to mind...

Emerging market firms are increasingly visible in the global economy. A significant number of these emerging market firms expand to developed economies through cross-border acquisitions (M&A). For example, in 2007, the Tata Group of India obtained a 100...

If you want your company to become more innovative, it makes sense to set demanding targets for your employees. Setting the bar high helps employees to enjoy their work, and actually enables them to be more creative. It also pays to create a culture in...

In his Nobel Lecture in 1994, Douglass C. North emphasised that “institutions are the humanely devised constraints that structure human interaction. They are made up of formal constraints (e.g., rules, laws, constitutions), informal constraints (e.g.,...