Tag: dailyprompt
-
Fear from the Lens of Economic Theory
What fears have you overcome and how? Fear can be viewed through the lens of behavioural economics as a deviation from rational decision-making. Let’s consider a common example: the fear of financial uncertainty, particularly when making career or investment decisions. From an economic standpoint, this fear is closely tied to loss aversion, a concept introduced…
-
Can we have it all? A economics perspective
What does “having it all” mean to you? Is it attainable? From an economist’s perspective, “having it all” can be interpreted through the lens of utility maximisation—a core concept in economics that refers to how consumers allocate scarce resources (like time, money, and energy) to satisfy unlimited wants and needs. In theory, the more a…
-
Our idea economists dinner guests
Who would you like to talk to soon? We were recently asked on a podcast: If you could invite five economists to dinner, who would they be? Here’s our dream guest list: Mary Paley – The first woman lecturer in economics in the UK. Her pioneering role deserves recognition not only for her academic contributions…
-
Collections and the economics of niche markets
Do you have any collections? We don’t currently have formal collections on Daily Life Econ, but the idea of collecting has an interesting connection to economics. Collecting goods is often tied to niche markets, i.e. specialised segments where consumers have distinct preferences for unique products, such as stamps, coins, vintage cars, or rare books. These…
-
The legacy we want to be behind
What is the legacy you want to leave behind? First, we aim to contribute to the scholarship in economics and the economics of education—building knowledge that deepens our understanding of education and how it can evolve to meet the needs of new generations and emerging ways of learning. We strive to be part of academic…
-
Our 5 favourite fruits and how they link to economic concepts
List your top 5 favorite fruits. Here are our top 5 favourite fruits, each with a twist of economics: 1. BananaEconomics Link: Bananas can be used as an example of comparative advantage. Countries like Ecuador and the Philippines (among some other) can produce them efficiently, making global trade beneficial for everyone. 2. MangoEconomics Link: Mangoes…
-
Empowering the Future of Economics
What is your career plan? At Daily Life Econ, we’re passionate about making economics accessible, relatable, and inspiring—especially for underrepresented groups. Our mission is to break down barriers in the field by connecting real-life experiences to economic thinking. We are also an active part of mentorship schemes, and we regularly organise and lead career and…
-
Aviva Studios: The Accountants
What was the last live performance you saw? The last live performance we attended was The Accountants at Aviva Studios, Manchester. It was a thought-provoking and creatively staged show that brought together Chinese and Indian cultural narratives in a way that felt both dynamic and resonant. The fusion of these two rich traditions created a…
-
Connecting higher education and communities
What do you do to be involved in the community? At Daily Life Economics, we actively engage with the community through meaningful educational initiatives. We volunteer with the charity Inspiring the Future, where we deliver career talks to young people, sharing our professional journeys to help broaden their horizons and raise their aspirations. Additionally, we…
-
Productivity looks different for everyone
When do you feel most productive? At dailylifeecon, we are two co-creators, and we’re pretty different! One of us (me!) thrives in the afternoon and evening, while Will is an early bird who literally ran 13 miles first thing yesterday morning. Even with our preferences, every day is different. Some days, the motivation flows, and…
Daily Life Economics 