ECONOMICS OF DISCRIMINATION by Prof Chaudhury

In this Economics Society meeting Professor Chaudhury* gave a talk on “How economists analyse discrimination”. Prof Chaudhury outlined at the beginning of her talk that in any social group men always earn more than women – gender differences far outweigh racial differences – from this starting point, Prof Chaudhury went on to give an account…

HOUSING MARKET by Mr Ray Boulger

This week the Economics Society was addressed by Mr Ray Boulger, senior technical manager at John Charcol and a leading expert on the UK housing market and mortgage finance. The issues addressed in the talk were: Seasonally adjusted house prices House price indices Effects on house prices The current situation   Seasonally Adjusted House Prices…

THE FUTURE OF MONETARY POLICY by Sir John Vickers

This week we had the opportunity to hear Sir John Vickers, Professor of Economics at Oxford University, on the issues surrounding the UK Monetary Policy. The areas examined in this talk included: ►   Overview of history of UK monetary policy ►   Inflation targeting – success or failure? ►   Should monetary policy have a new objective?…

CAUSES OF THE CURRENT ECONOMIC CRISIS by Karim Pal

This week in Economics Society, Karim examined some of the causes of the economic crisis facing the world economy now. The areas explored in this talk included: American housing bubble and subprime mortgage crisis. Greek Debt Crash of the Icelandic Banks The underlying cause – Deregulation of markets   Subprime Mortgages These are mortgages that…

INCOME INEQUALITY IN HONG KONG by Perlie Mong

This week in Economics Society, Perlie presented on inequality in Hong Kong, comparing it with the levels of inequality at the national level in other countries. The discussion focused on the following areas: What is Income Inequality? How is it measured? Inequality in Hong Kong Causes of Inequality Why does inequality matter? The way ahead…