As in all international markets, the price of agricultural goods is determined by their supply and demand. Spotlighting wool and beef markets, this video discusses domestic and international markets, value adding and economic disruption and diversification. Featuring insight from Australian wool growers, beef farmers and academics, this is a highly relevant resource for senior secondary and tertiary students studying economics, business studies or agriculture. Show Less
Economic systems are the means by which a society produces, distributes and consumes resources, and are intimately integrated with the other elements of the culture. In this lesson the economic systems of several societies are examined as examples of how reciprocity, redistribution, and market exchange play a central role in the distribution of goods. The Ju'hoansi of southern Africa exemplify foraging cultures in which food is not produced but rather collected as it is needed and distributed immediately according to the process known as generalised reciprocity. The Yolmo of Nepal traditionally practiced pastoralism and subsistence farming, using an exchange system of balanced reciprocity combined with redistribution. A Ghanaian market run by women illustrates a traditional form of market exchange, and a Japanese fish market exemplifies the wholesale commercial market with international participants but face-to-face transactions according to Japanese cultural practices. Show Less
For an agricultural business to be financially viable, expenditure on land, labour and capital is key. This video looks at the approaches taken by a wool farm and a beef farm towards these three factors of production. Featuring insight from Australian wool growers, beef farmers and academics, this is a highly relevant resource for senior secondary and tertiary students studying economics, business studies or agriculture. Show Less
Using Castlemaine Fruit Supply as a case study, this fast-paced programme examines basic economic concepts in a way that students will easily understand and relate to. The concepts of markets, demand, production, supply, competition and the role of the government are explored in the context of a successful family business. This programme is an excellent, easy-to-comprehend introduction to the study of economics. Show Less
Hardly a day goes by when we do not hear or read issues in the news of ‘consumer spending down’, the ‘Australian dollar rising’, and ‘business sentiment at a five-year low’. We also often hear a politician or editorial writer advocating a change in economic policy. If you think these issues are very complex, you are correct - they are complex. But those who think these issues have little to do with them need to think again. Whether you can find a job or afford an overseas holiday depends on events in the macro economy. This programme provides a useful starting point to explore the nature and purpose of macroeconomic activity in contemporary Australia, and the implications for our standard of living and long-term economic prosperity. It will assist students to understand the nature and importance of the Australian Government’s key economic goals including low inflation, strong and sustainable economic growth, full employment, external stability and equity of income distribution. Show Less
A fundamental proposition in economics is that people have unlimited wants, but there are limited resources, which leads to the problem of scarcity. Hence the central question in economics is how best to allocate limited resources to produce goods and services. In this programme we introduce the market system, the law of demand and supply, price elasticity, market structures, market failures and government response, and many more key concepts. Featuring clear explanations, excellent graphics and examples from all over the world, this programme introduces the classic concepts of microeconomics in an engaging and thought-provoking way. Show Less
This film was made during the early part of 2009 when the world faced a credit crunch and economic times not seen since the Great Depression of the 1930s. Narrator-led and featuring many street interview grabs, together with comments from an economist and building society representative, it takes the viewer into the middle of the crisis as it was still unfolding – covering the global recession, causes and consequences of the credit crunch, the government response, unemployment and a look to the (then) future. It is a fascinating insight into these troubled times and an outstanding resource for senior secondary or FE level students of economics, business or other commerce-related disciplines. Show Less
In this balanced programme we explore exactly what globalisation is - in theory and practice, we meet the people suffering and those benefiting from it and look into the future to see what lies ahead.
Using various case studies, this programme investigates: · The nature of globalisation and the global economy - Case study: How globalisation affects the daily decisions of a farmer · Trade and financial flows · Free trade and protection · Trading blocs and agreements - Case Study: EU · International economic organisations - Case Study: The World Bank Show Less
As one of the world’s largest industries, agriculture is a perfect example of economics in action. This four-part series looks at markets, the laws of supply and demand, the factors of production and the role of government in wool and beef farming.
There are many different economic systems throughout the world, but they all have to address the same basic questions. We investigate these questions, and use the production of bread to show how resources are combined to create goods and services, and the benefits that arise from this process. We also investigate the different sectors in an economy, households, firms, finance, government and foreign and show how they interact using the circular flow of income. Practical examples illustrate the problems faced when an economy is in a state of extreme disequilibrium. Show Less
Government’s role in agriculture aims to ensure that there are consistent standards of safety, ethical practice, and financial stability across the sector. This video spotlights the impact of levies, tariffs, taxation and other legislation on the wool and beef industries. Featuring insight from Australian wool growers, beef farmers and academics, this is a highly relevant resource for senior secondary and tertiary students studying economics, business studies or agriculture. Show Less