This paper is dealing with the economic analysis of the consequences of three selected doomsday scenarios that were to take place on the 21st of December 2012. Although most of the devastating scenarios are not of any interest for the economists, since the complete extinction of human race would...

The paper presents an economic insight into the role of the universities and the interaction between the universities and the cities from the Middle Ages until nowadays. We analyse the traditional role of the universities and its transformation throughout time viewed through the prism of current...