Monetary Policy and the Reserve Bank of Australia

  The Reserve Bank of Australia (RBA) was created by the Reserve Bank Act 1959 as “Australia’s central bank, which is responsible for managing the Commonwealth’s monetary policy, ensuring financial stability, and printing and distributing currency.” (Reserve Bank of Australia, 2011) This article in explaining the premise of the RBA and monetary policy will consider … Continue reading Monetary Policy and the Reserve Bank of Australia

New Communication Technologies: Screen Hardware Capabilities

Television is an expansive broadcast medium within society, comprising a utilisation of backlighting prominence which emits televisual imagery on screen. Historical and modern televisions manifest technology integration within the screen; the Cathode Ray Tube (CRT) is renowned as the earliest television technology. Modern communication devices have integrated an innovative televisual screen called the Organic Light-Emitting … Continue reading New Communication Technologies: Screen Hardware Capabilities

Tulip Mania

To add to Keynes and Hayek’s boom and bust business cycle theory, the generally considered first recorded speculative bubble was the 1600’s Tulip Mania. Where the scarcity of the tulip grew demand; some single bulbs sold for ten times a skilled craftsman’s yearly salary. Needless to say, it wasn’t an accurate reflection of asset prices as it deviated  from … Continue reading Tulip Mania

I, Pencil

A bit cliché to refer to Leonard E. Read I, Pencil, though a simple explanation for introductory economic students, covering how the market works with not central direction but how social cooperation works from individuals pursuing their own interests. In turn, resources are allocated by the combined and decentralised actions of billions of people. Source: … Continue reading I, Pencil

Alibaba Social Responsibility and Sustainable Development: A Case Study

Using the definitions from (Samson & Daft, 2012). Sustainable development: involves making balanced and equitable decisions so that financial, environmental and social outcomes are achieved in both the short and longer terms. Social Responsibly: the obligation of organisation management to make decisions and take actions that will enhance the welfare and interests of society as … Continue reading Alibaba Social Responsibility and Sustainable Development: A Case Study

Positive Externalities in Higher Education

The identification and measurement of public and private goods in higher education, presents challenges for government agencies and private suppliers to overcome the free rider problem and encourage positive externalities. To analyse the extent of market failure and consider the costs of not accounting for the non-market private and social benefits, to prevent poor investment … Continue reading Positive Externalities in Higher Education