On July 7-8, 2017 ISET hosted the 10th edition of the Workshop on the Economics of Advertising and Marketing, supported by the Labex MME-DII research project of the University of Cergy-Pontoise.

So far, 2017 has proved to be an exceptional year for ISET and its community. The school released its 10th cohort of well-educated and professional economists, with 32 students from Armenia, Azerbaijan, and Georgia joining the small but very strong community of ISETers.

An individual living in Kutaisi took a 1500 USD real estate secured loan from one of the microfinance institutions in 2011 and had to pay 75 USD interest rate for the following 6 months. The purpose of taking this loan was to finance treatment of her child. She was unable to cover monthly payments and prolonged the term to 10 month, but failed to cover this payments again and was fined several times.

In just a couple of weeks Baku is going to host the second Formula One Grand Prix in its history. Being in love with motor races and inspired by the fact that for the first time in my life I will attend such an important race (and the Land of Fire); I tried to explore the economic impact of hosting expensive international events for one’s country.

On the 25th of May, ISET was pleased to host the environmental economist and founder of the consultancy company GIST Advisory, Pavan Sukhdev, for a presentation. Starting his career as a physicist, Mr. Sukhdev got interested in the challenges of environmental protection. This led him to investigate economics, particularly aiming at understanding the significance of businesses as a driver of the changes that we see around us as well as third-party impacts, which are known as externalities in economics.