Economics Terms A-Z
An asset is ANY resource that produces positive economic value for its owner - its owner being its owner as a result of a past event, most likely a transaction. There are two classes of assets, tangible and intangible, which are themselves made up of subclasses. Of the tangible variety, most commonly you’ll hear about current and fixed assets. Current assets refer to things that can be consumed, exhausted or sold, such as cash, stock, and marketable securities. Whereas fixed assets are assets that are trickier to convert into cash, like land, buildings, equipment and machinery.
In contrast, intangible assets lack any physical form; they are ethereal. As a result, their value can be harder to gauge, which can contribute to the occasional discrepancy between a company's value according to its own books, and its value as per market capitalisation. Examples of intangible are: patents, trademarks, goodwill, copyright, and trade names.
- Corona Live Feed
How the Coronavirus is Affecting Economics
15:00 8 June 2020 As some countries begin to loosen their lockdowns to varying degrees of success, many universities are still playing it on the safe side. The University of Surey, for example, has moved its CIMS summer school course online. This will be from the 7th to 12th of September 2020.
- The Juggling Act
Balancing Work While Starting a Family
You are educated, qualified and consider yourself reasonably intelligent. You have handed in countless papers, proposals, and at least one thesis. You probably have some experience under your belt, maybe already landed a pretty good job with good prospects. You are confident of your ability, ready to work evenings and weekends, and keen to impress. You may also have a steady partner, or are thinking about settling down in the next few years, which opens the possibility of starting a family, if you haven’t already. The game is about to change.
- A Discriminatory Pandemic
The Racial Inequalities of COVID-19
Dubbed ‘the great equalizer’ at its outset, COVID-19 has often been described as picking its victims at random. Blind to race, ethnicity, and gender, it sees just a human body, a host that enables it to do what all pathogens are programmed to do: spread. While this, from a biological perspective, may be true, the disease’s sweep of the globe has been anything but equalising. Data from both the US and UK - who along with Brazil compete for the honour of worst pandemic response - show that in terms of cases and deaths, minorities are hugely overrepresented.