Economics and Management students became experts on monopoly yesterday ―and oligopoly too, for that matter― as they discussed competition, pricing strategies and the regulation of markets. Students were asked to evaluate the views of two Josephs, Schumpeter and Stiglitz, one from the 20th century and one from the 21st, and determine whether monopolies were something to be concerned about or not.

Students used their free afternoon to spend some quality time with Oxford, the city they have all come to know and love. There were punting races on the Cherwell, with students consummate pros by this point; they also took the opportunity to stock up on provisions for the rest of the week, with queues of the lanyarded stretching all the way out of the door of Fudge Kitchen.

Evening activities consisted of T-shirt tie-dye: students were presented each with a white T-shirt, and proceeded to create their own impressive designs in this new medium. Also on offer were the Chango Lingo drums ―students gloried in hitting the drum skins as hard and as loudly as they could, but several sore hands were reported at breakfast this morning!