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Economics
Welcome to the Economics department of Veritas! Here, we'll examine how the global economy works and why certain economic situations happen. We will explore different factors, such as government policies, events, technology, and resources that influence the economy. Come and explore sophisticated yet exciting topics on the production, consumption, and transfer of wealth!



Japan: A New Frontier for the Private Equity Market
Private Equity (PE) is an investment class characterised by holding equity in a privately-owned company, often to improve operations, restructure and later exit at a profit. When receiving proposals from businesses, PE firms notably consider: Total Addressable Market (TAM): Pertaining to the overall revenue opportunity available should the firm receive 100% market share in the industry. Competitive Moat: A set of unique advantages (e.g: brand imaging, proprietary technology)
Aaryan Berera
Dec 20, 20258 min read


How behavioural economics is used to reduce externalities of consumption
In the 21st century, the growth of behavioral economics (BE) revolutionized design and transformed markets into theatres, with products acting as actors to appeal to human decision-makers. This international, multi-billion-dollar phenomenon is absorbed into various financial sectors, such as management consulting. Figure 01 - Big companies - Available at: https://catchbranding.com/wp-content/uploads/elementor/thumbs/featured-logos-image-pxysx7ajg3apnhsidqpfrcfuzbtirj856z9v6ts
Monica Macaes
Nov 22, 20253 min read


Asymmetric Tariff Cuts between India and the UK: A Model for Trade Agreements Between Developing Countries?
Background: An overview on a Free-Trade Agreement (FTA) An initiative designed to eliminate trade barriers between participating nations, making it easier to import goods and services and thus promote trade and investment. July 2025 saw the biggest FTA for the UK following their departure from the EU, causing a 6% – 30% reduction in exports. In a deal expected to augment bilateral trade by $34 Billion USD as well as the British GDP by approximately $6.4 Billion USD per annum
Aaryan Berera
Oct 17, 20254 min read


Should Central Banks Go Cashless?
Central Bank Digital Currencies (CBDCs) are fast becoming one of the most discussed topics in the evolution of the global financial...
Daria Kozhukhareva
Sep 21, 20254 min read


Economics of Visual Arts: ‘Is Contemporary Art Real Art?’
Art is a word that derives from the Latin term “ars,” which means technical skill, and represents a form of expression of reality....
Monica Macaes
Sep 15, 20254 min read


The Impact of Covid-19 on the Global Economy
The Covid-19 pandemic, caused by the SARS-CoV-2 virus first identified in late 2019, rapidly evolved into not only a devastating global...
Adrianne Chan
Sep 11, 20252 min read
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