By Aniket Bose. Edited by Arjun Chandrasekar. Overview A credit score is a number that ranges from 300-850 which depicts a consumer’s creditworthiness. The higher the score, the better a borrower is viewed by potential lenders. A credit score is based on a consumer’s credit history: number of accounts, the total amount of debt, history...Read More
By Arjun Chandrasekar. Brief History Richard Thaler is known as the founding father of behavioral economics. He is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his exceptional work and contributions to studying behavioral economics. He is also well known for his best-selling book, Nudge. I encourage everyone reading this to...Read More
By Arjun Chandrasekar. Overview Scarcity, one of the most common terms in economics, is basically when a certain product or service is limited in quantity, so it’s very scarce in the market. With the limited amount of supply, because the demand still stays the same, allocating resources in a proper distributive manner is extremely important....Read More
By Hrishikesh Menon. Edited by Arjun Chandrasekar. Overview The dot-com bubble of 2000 was a financial crisis led by the crash of internet company stocks. It was a bubble created by pure speculation of venture capitalists and investors in internet companies. Pre-bubble During 1998-2000, the period before the bubble burst, internet companies were on the...Read More