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In this programme, Professor F.S. Brooman of the Open University demonstrates the use of supply and demand analysis, taking as an example the agricultural policies of Britain and of the European ...Economic Cominunity up to the time of Britain's joining the EEC. Professor Brooman then discusses with John Harsh, Reader in Agricultural Economics at the University of Reading, some of the broader policy issues arising out of these different approaches; including the distribution of subsidies between small and large farmers, the effects on consumers and taxpayers and the effects on agricultural exporting countries.
Metadata describing this Open University video programme
Module code and title: D222, Microeconomics
Item code: D222; 02; 1974
First transmission date: 10-03-1974
Published: 1974
Rights Statement:
Restrictions on use:
Duration: 00:24:30
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Producer: Nicholas Gosling
Contributors: F S Brooman; John Marsh
Publisher: BBC Open University
Keyword(s): Demand; Economics; Farming; Supply
Footage description: Brooman in studio. The programme will deal with supply and demand theory as related to food prices and farmers incomes. It will compare the EEC system and the British system. Shots of butter mountain and food in shops. He begins with general analysis of supply and demand curves for typical food products. Animation of curve on graph. He continues to discuss the curves in relation to farmers incomes. Further animation of graph. This introduces the concept of government-guaranteed price, which may involve surpluses. Shots of apples being dumped as a surplus. Alternative way of supporting farmers is for government to subsidise the price paid to farmers. More animation of demand/supply curves. Brooman continues with the analysis. He introduces the effect of imports on supply. Animation of curve as he introduces the new variables. He brings in the alternative of import duties on imported foods and how it affects the supply and demand curves. He explains how the European countries tend to favour a variable levy on food prices. It does of course effect adversely foreign competition. Brooman discusses the food policy of the EEC and why it may not be as bad as it appears at first for Britain. He explains how various factors will alter the supply and demand curves. Animated graph sequences. He brings Marsh into the discussion on the general effects on farmers incomes of support prices. Marsh outlines the Mansholt Plan and explains how the European agricultural sector is generally on the decline. They then go on to discuss the effects of EEC policies on consumers. Marsh talks about the non-economic aspects of the EEC agricultural policy and various alternatives. They also discuss effects on the underdeveloped countries of EEC policies, both in agricultural and non-agricultural goods. Credits.
Master spool number: 6HT/71082
Production number: 00525_2034
Videofinder number: 82
Available to public: no