Author name: teenecon.com

Education and Economic Development in Nepal: A Comprehensive Analysis and Case Study of Religion-Backed Schooling

Runyu Zhao St.Mark’s School, Massachusetts, USA runyuzhao@stmarksschool.org Abstract: Nepal, a landlocked South Asian nation characterized by significant social and geographic inequalities, continues to face deep-rooted challenges in its education sector. Despite notable improvements in literacy and primary school enrollment, systemic barriers hinder equitable access to quality education, especially at higher levels. This study aims to […]

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EconXpert #4: When Economics Meets AI: What Theory Explains, and What Slips Through the Cracks

Some people have called artificial intelligence (AI) the next electricity, while others have called it the next end of the world. Certainly, economists want to put everything in appealing graphs and models. Sometimes the models function effectively, such as when they show supply and demand, creative destruction, or inequality. But AI often breaks free from

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Vision Exchange Hub #2: “Inclusivity and diversity” Writing Competition

In today’s multicultural world, achieving true inclusivity and diversity is more crucial—and challenging—than ever, as too much conformity shields people from hearing different perspectives. How can we ensure we’re fostering genuine inclusion rather than merely engaging in token representation? This question calls for honest, sometimes uncomfortable conversations. A world that genuinely embraces a multiplicity of

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EconXpert #3: How Inequality Plays Out in the US and China

When people talk about America and China, the discussion tends to revolve around topics such as GDP growth, military strength, or who’s winning the race for AI competition. However, if looking deeply, there is something else shaping daily life in both countries: inequality. Though the ways they experience it are very different, the contrasts and

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EconPathways #2: Utility Function and Budget Constraint

The major attraction of economics for me lies in its ability to rigorously and abstractly model and predict human behavior into math equations, accounting for the diverse preferences and motivations that drive decision-making. To elaborate on this concept of “diverse preferences,” economics makes the assumption that people always want to improve their own circumstances when

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Vision Exchang Hub #1: Selection Bias and the Influence of Education Resources on Class Stratification

1. Selection Bias and Definition Imagine yourself bursting into the lecture hall in the economics department of UChicago, arms flailing and feet stomping, eyes wide with joy. “Economists, students—hear me!” You shout, practically vibrating with excitement. “Today, I received my first research fund! My very first!” After a dramatic pause with a deep breath, you

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EconPathways #1: The Economics Approach to Human Behavior

1. The Dawn of Economic The well-known novelist Robert Louis Stevenson famously observed, “To be idle requires a strong sense of identity,” emphasizing the need for a distinct identity in order for anything to really exist and flourish. This idea encompasses all facets of life, including economics, which is becoming a more important discipline in

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