Unit 1 Micro: Video Clips on Negative Production Externalities

This blog entry provides a variety of news video clips illustrating examples of negative externalities from production.

• Externalities are third party effects arising from production and consumption of goods and services for which no appropriate compensation is paid.

• Externalities occur outside of the market i.e. they affect people not directly involved in the production and/or consumption of a good or service. They are also known as spill-over effects.

• Economic activity creates spill over benefits and spill over costs – with negative externalities we focus on the spill over costs

Video Clips

Hungary town still shaken by toxic sludge (October 2011)

Nepal deforestation highlights clashing interests (April 2011)

Oil giant Chevron fined for Ecuador pollution (February 2011)

143 killed by alcohol poisoning in India

BMW - Bavarian Monopolist at Work [24 May 2012]
Unit 2 Macro: The Importance of Productivity [20 May 2012]
Unit 2 Macro: Measuring Inflation in the UK [20 May 2012]
Q&A: What do we need to know about output gaps? [20 May 2012]
Unit 2 Macro: The Output Gap [20 May 2012]
Unit 1 Micro: Revision Presentation on Externalities [16 May 2012]
AS / A2 Economics Revision Clinic - Market Failure (Monday 14 May 2012) [14 May 2012]
Unit 1 Micro: Price Elasticity of Supply [13 May 2012]
Unit 1 Micro: Public Bads [12 May 2012]
Unit 2 Macro: Revision Notes on Supply-side Policies [10 May 2012]
Unit 1 Micro: Revision Blogs on Markets and Intervention [10 May 2012]
Made in China - but not quite so cheaply…... [7 May 2012]
musical negative externalities [1 May 2012]
Unit 1 Micro: Climate Change Policies - Finding the Right Mix [30 Apr 2012]
Unit 1 Micro: Using the Cost-Benefit Principle [30 Apr 2012]
Unit 4 Macro: The Euro Zone Crisis (Revision) [22 Apr 2012]
Unit 1 Micro: Externalities - Deepwater Horizon 2 Years On [21 Apr 2012]
Unit 3 Micro: Quiz on Business Costs and Profits [11 Apr 2012]
Government Intervention in the Energy Market [11 Apr 2012]
Football Clubs to Pay for Negative Externalities [11 Apr 2012]
Unit 1 Micro: Market Failure in Private Health Care [8 Apr 2012]
Unit 3 Micro: Revision on Contestable Markets [8 Apr 2012]
Unit 3 Micro: Revision on Monopoly Price and Output [6 Apr 2012]
Unit 3 Micro: Monopoly and Economic Welfare [6 Apr 2012]
Unit 3 Micro: Revision on Scale Economies and MES [5 Apr 2012]
Unit 1 Micro: Revision on Price Elasticity of Supply [5 Apr 2012]
Unit 1 Micro: Revision on Producer Subsidies [2 Apr 2012]
Unit 3 Micro: Revision on Scale Economies, Technology and Prices [1 Apr 2012]
Unit 1 Micro: Nottingham introduces workplace parking tax [1 Apr 2012]
Unit 3 Micro: Revision on Fixed and Variable Costs [31 Mar 2012]
Price of Stamp increases to 60p [27 Mar 2012]
Unit 1 Micro: Breaking Down the Cost of Gas [4 Mar 2012]
The Lorax and market failure. [2 Mar 2012]
The Economics of Climate Change - Stern 5 Years On [21 Feb 2012]
10 Solutions to Binge Drinking [21 Feb 2012]
Unit 2 Macro: Focus on China - Inflation [26 Jan 2012]
Unit 2 Macro: Focus on China - Carbon Emissions and Growth [26 Jan 2012]
Externalities in Action- TED Talk [23 Jan 2012]
Externalities in song [22 Jan 2012]
Externalities Cartoon [22 Jan 2012]
Unit 4 Macro: Competitive Advantage in Trade (Some Videos) [12 Jan 2012]
Unit 3 Micro: Prezi on Environmental Economics [11 Jan 2012]
Unit 1 Micro: Revision MC Questions on Negative Externalities [8 Jan 2012]
Unit 1 Micro: Prezi on the Economics of Negative Externalities [2 Jan 2012]
Unit 1 Micro: Externalities from Metal Theft [2 Jan 2012]
Economics of Deforestation [20 Dec 2011]
Behavioural Economics: Herd Behaviour [28 Nov 2011]
Keeping it local [24 Nov 2011]
AS Macro: The State of British Business [13 Nov 2011]
Unit 3 Micro: Unilever hit by rising costs [6 Nov 2011]
Unit 1 Micro: Costs and Benefits of a Super Sewer for London [1 Nov 2011]
Unit 1 Micro: Is the Sun Dipping on Solar Subsidies? [27 Oct 2011]
Unit 3 Micro: Ofcom gives stamp of approval for flexible pricing in mail [21 Oct 2011]
Alcohol. Discuss! [18 Oct 2011]
Unit 3 Micro: Tesco Behaving Badly - Price Anchoring [17 Oct 2011]
Unit 4 Macro: Unit Labour Costs and Inflation [12 Oct 2011]
Fat tax: Denmark [5 Oct 2011]
Unit 1 Micro: Drink Driving and Government Intervention [26 Sep 2011]
Unit 1 Micro: Exercise on Market Supply [26 Sep 2011]
Unit 4 Macro: Greek Economy at Default’s Door [25 Sep 2011]
Unit 4 Macro: Bangladesh and Comparative Advantage in Textiles [19 Sep 2011]
Unit 3 Micro: Fixed and Variable Costs [18 Sep 2011]
Unit 3 Micro: Short Run Costs of Production [6 Sep 2011]
Friday night out at A and E [5 Sep 2011]
NHS spending good, private provision bad? [5 Sep 2011]
Starter Activity: Health Economics [1 Sep 2011]
Unit 1 Micro: Cotton Prices and the Retail Price of Clothing [13 Jul 2011]
Unit 1 Micro: Economics of Volatile Corn Prices [12 Jul 2011]
Unit 4 Macro: Dangers of High Inflation [11 Jul 2011]
Unit 3 Micro: Oligopsony - Dairy Losses Drive Farmers from the Fields [10 Jul 2011]
Merit goods, information failure, and an ironic death! [6 Jul 2011]
Where there’s muck there’s brass [6 Jul 2011]
Oceans at grave risk [20 Jun 2011]
Not so much food inflation, but food hyperinflation! [30 May 2011]
No more lighting up in Central Park? [25 May 2011]
AQA Macro: Remember to revise inflation [25 May 2011]
AS Macro Key Term: Cost Push Inflation [24 May 2011]
AS Macro Key Term: Inflation [24 May 2011]
A2 Micro: Price Discrimination [19 May 2011]
Unit 3 Micro: Monopsony Power in Markets [19 May 2011]
A2 Micro: The Importance of Profit [19 May 2011]
A2 Micro: High and Low Marginal Cost Products [19 May 2011]
Unit 3 Micro: Perfect Competition [19 May 2011]
A2 Micro: Outsourcing [18 May 2011]
A2 Micro: Business Growth [18 May 2011]
A2 Micro: Innovation Efficiency and Welfare [18 May 2011]
A2 Micro: Moving Away from Profit Max [18 May 2011]
Unit 3 Micro: Diseconomies of Scale [18 May 2011]
A2 Micro: Minimum Efficient Scale [18 May 2011]
A2 Micro: External Economies of Scale [18 May 2011]
A2 Micro: Economies of Scope [18 May 2011]
Electric car charging points ‘shortfall’ [11 May 2011]
Interest Rates Held at 0.5% once again [5 May 2011]
A2 Micro: EU Aviation - State Aid and State Ownership [28 Apr 2011]
AS Micro: Mock Exam Question on Sugar Prices [28 Apr 2011]
Wiki Revision: A to Z on Monopoly [23 Apr 2011]
A2 Micro: Changes in Costs and Profits [23 Apr 2011]
Externalities of Oil Pollution [22 Apr 2011]
Key AS Micro Terms: Taxes and Subsidies [18 Apr 2011]
Externalities of Nitrogen Pollution in Europe [16 Apr 2011]

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