What’s the price on your head?

How much would you spend to save a life? How do you make that decision? It’s much more complicated than you think… Read on to discover the difficult implications of putting a monetary value on saving lives. When Nevado del Ruiz erupted in Colombia in 1985, about 23,000 people died as a result. If you…

How to earn billions by giving something away for free

Few people can have escaped the massive success of Fortnite: Battle Royale. Launched in late 2017, the game had 250 million players by March 2019. In 2018 Fortnite made more money than any other game in history:  $2.4 billion.  While creativity and technology are essential to the success of a video game, economic decisions can…

Magic money tree

See if you can answer the question below set by St John’s Economics Tutor Dr Kate Doornik… You have been given some magic money.  If you plant the money then it will grow into a magic money tree, which will grow more money for you to pick the following year. To be precise, if you…