Focus Areas
Focus Areas
The Economics Circle identified six focus areas to guide its work. The activities in these focus areas aim at providing longer-term perspective to decision makers by promoting academic and evidence-based research. They are designed in a way that promotes the generation of new ideas, facilitates exchange of knowledge and supports the efforts in achieving economic prosperity at highest possible level. Therefore, they can be regarded as laboratories for knowledge creation. These labs are as follows.
Digital Economy Lab
The global economy is undergoing a digital transformation that fundamentally alter the organization of economic activities. Driven by rapid developments in fundamental innovations (semiconductors, processors), core technologies (computers, telecommunication devices) and enabling infrastructures…
Health Economics Lab
Investment in health systems is critical to ensure a healthy society and economy. It helps to build up human capital and achieve higher standards of living. Inadequate health infrastructure may substantially harm economic activities, as evidenced during the COVID-19 pandemic. It is not a surprise to see that wealthier societies have healthier populations…
Poverty Alleviation Lab
Every person deserves a decent life, but wealth is highly unevenly distributed. Despite the progress in reducing poverty, millions of people continue to suffer from lack of income and limited access to productive resources. In fact, poverty not only entails the lack of income and access to productive resources…
Defense Economy Lab
Historically, technological developments have been driven by innovations in defence industries involving equipment, structure and vehicles. Governments allocate a significant share of their research and development resources for expenditures on military purposes, which for instance reached almost 30% in the US during early 1980’s. The resultant technology not only advances defence industries but spills over other civil industries…
Energy Economics Lab
As economies develop and populations grow, demand for energy and water resources increases. Energy production from fossil fuels progressively loses its importance and investments in renewable energy becomes more strategic investment for many countries. Governments are allocating an important…
Innovation Lab
We are constantly challenged by new threats as well as opportunities. Ability to react properly to emerging threats and utilize the opportunities requires innovative thinking. Thinking outside the box is what the Economics Circle wants to promote among young economists. By providing them opportunities to express their…
