MIT-WPU Economics Blog

The gonads (Leydig cells in the testes for men and ovaries for women) create testosterone, which is also produced in small amounts by the adrenal glands in both sexes. Testosterone is found in far higher amounts in men than in women, and its job is to ensure survival. It is also known as the sex hormone, and it is responsible for raising libido in both men and women. When it comes to decision-making, several behavioural endocrinology studies have suggested that testosterone may play a role. Studies have shown that persons with high basal testosterone had a lower aversion to risk and a higher ability to deal with conflict, fear, stress, and threat. In a study conducted by Gideon Nave, Amos Nadler, David Zava, and Colin Camerer titled “Single-Dose Testosterone injection affects cognitive reflection in men,” several studies think that testosterone is to blame for men making riskier or poor judgments. A sample of more than 200 men was taken, and a double-blind study was conducted to ensure...

People often get shocked when I tell them I'm pursuing a bachelor of science in economics. They often ask me, “Doesn’t economics come in arts?!” and to be honest, it is actually much more than that. Economics is a science. A science of money and economy. The rigorous statistics tools and methods used in future predictions are no less than physics and mathematics. I would like to believe that economics requires the same amount of understanding that any other science subject, with its complex methodologies and techniques.   The course of BSc Economics (Hons.) at MIT-WPU, School of Economics, provides students with the latest industry knowledge which is required and relevant in the industry right now. It consists of relevant knowledge regarding economic analysis, fundamentals, and principles of economics. The students will learn how to apply this knowledge of practical science in various fields such as society, family, government, and private sector business and science. It also dev...