Coal and Gas

In 2017, then Treasurer Scott Morrison stood before the House of Representatives, holding a lump of coal, and exclaimed: “Don’t be afraid, don’t be scared – It’s just coal”. Journalists believed they saw a mirage, while others questioned the logic behind such a stunt. Commentators criticised Mr Morrison for living in the past, with a …

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Micro Chips in the Economy and Geopolitical Landscape

Microchips have become an essential ingredient of almost all big-ticket manufactured goods and industrial items. They are used heavily in products ranging from phones, fridges, and HVAC systems to vehicles and critical medical technologies such as MRI and ultrasound machines. The reserve bank of St Louis found that 25% of 226 manufacturing industries in the …

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An Economic Perspective on Child Labour

Context  Everybody loves a bargain. But, the softest cotton can come from the harshest of conditions. Behind the excitement and price slashes of mid-year sales is the sorrowful reality of child labour.  According to the International Labour Organisation (‘ILO’) and UNICEF’s global estimate, the number of children in forced labour has increased for the first …

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An Economics Fairy Tale – The Norwegian and Venezuelan Economies

Norway is a mysterious land for the outside world. The general public associates the country with ahigh standard of living, high taxes and historically the Vikings. However, beneath this rocky,mountainous and desolate wasteland, a strange economic tale sits. Today, like a fairy-tale I’ll betaking you through the mysterious world of the Norwegian Economy and Pension …

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How the Internet works and a discussion of the concerns regarding private internet infrastructure

We use it every day, but have you ever thought about the economics of the internet and its infrastructure. Just thirty years ago, there was hardly any economic activity on the internet, which was used to send small data packages between individual users over dialup (The same network as your gran’s landline phone). Now the …

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The gig economy – freedom or exploitation

We all appreciate the convenience of an Uber when we’re stranded somewhere after a night out. But how exactly do these digital platforms ensure their workers are protected and paid enough? This is an increasingly hot topic as Australia’s gig economy has boomed since the beginning of the pandemic. In particular, app-based transportation and delivery …

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