Public Policy

Delve into the realm of normative economics, a perspective that reflects prescriptive judgments and imagined scenarios that explore what an economy ought to be. Understand the fundamental differences between normative and positive economics, and the influence of behavioral economics on public policies.

Discover the significance of Engel's Law and how it shapes household spending as income rises, transforming economic behaviors and affecting public policy.

Learn the ins and outs of nationalization, its implications, and its historical precedence in various industries.

Explore in-depth information about the Government Pension Fund of Norway (GPFN), its structure, management, and investment strategies that position it as a leading example in sovereign wealth funds.

Discover the complexities of trade wars, their economic implications, historical instances, and the ongoing debates surrounding protectionist policies.

Dive deep into Welfare Economics to understand how resource allocation and market structures impact societal welfare. This guide provides key insights, from Pareto Efficiency to social welfare maximization, and explores the practical applications and criticisms of Welfare Economics.

Discover the fascinating world of political economy, an interdisciplinary field combining economics, sociology, and politics to explore the dynamic relationships between individuals, governments, and public policy.