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Description
In this programme, F.S. Brooman, Professor of Economics at The Open University, examines the idea of economic interdependence. In the first part he discusses, with the help of an animated model, ...how different parts of the economy are interrelated through their inputs and outputs, and how changes in demand or price in one sector can have repercussions on many others. The general principles outlined in the first part of the programme are then illustrated by referring to the impact of North Sea oil discoveries on Aberdeen's economy. Others taking part in the programme are Professor Maxwell Gaskin and Professor Donald MacKay, both members of the Department of Political Economy at the University of Aberdeen, and both involved in a research project investigating the effect of North Sea Oil on Aberdeen's economy.
In this programme, F.S. Brooman, Professor of Economics at The Open University, examines the idea of economic interdependence. In the first part he discusses, with the help of an animated model, ...how different parts of the economy are interrelated through their inputs and outputs, and how changes in demand or price in one sector can have repercussions on many others. The general principles outlined in the first part of the programme are then illustrated by referring to the impact of North Sea oil discoveries on Aberdeen's economy. Others taking part in the programme are Professor Maxwell Gaskin and Professor Donald MacKay, both members of the Department of Political Economy at the University of Aberdeen, and both involved in a research project investigating the effect of North Sea Oil on Aberdeen's economy.
| Module code and title: | D222, Microeconomics |
|---|---|
| Item code: | D222; 01 |
| First transmission date: | 10-02-1974 |
| Published: | 1974 |
| Rights Statement: | |
| Restrictions on use: | |
| Duration: | 00:23:53 |
| + Show more... | |
| Producer: | Nigel Houghton |
| Contributors: | F S Brooman; Maxwell Gaskin; Donald McKay |
| Publisher: | BBC Open University |
| Keyword(s): | Aberdeen; Economics; North Sea Oil |
| Footage description: | Shots of docks at Aberdeen with Brooman standing on quayside. Using a model of the iron and steel industry, Brooman explains the simple basics of inputs and outputs in that industry. He then goes on to show how this industry is linked to others, giving a more complicated web of relationships. He explains that micro-economics is usually only interested in the behaviour in one single industry. He outlines how this may be seen in the iron and steel industry. The programme returns to Brooman on the quayside at Aberdeen. Maps of North Scotland and offshore fields. Various shots of oilrigs, platforms, pipelines, etc. Brooman outlines the growth and future development of the oil industry. He also shows how growth in Aberdeen is paralleled by growth in other areas where oil platforms etc. are being built. More shots of Aberdeen as the supply base. Shots of fish being unloaded. Brooman interviews Gaskin and McKay. Gaskin explains what other industries/activities there are in Aberdeen. He and McKay examine the effects the oil industry is having on the local economy in terms of labour and other industries. They discuss the effects on total output, demand for labour and wages etc. Occasional shots of oil rigs etc., Brooman on quayside. He states some of the problems caused by the influx of workers, especially in the housing area. Various shots of housing in Aberdeen. Gaskin develops some of the points raised about the housing problem. McKay outlines general problems in the construction industry, which also affects growth in Aberdeen. More shots of Aberdeen, including aerial shots. Brooman finishes by discussing the effects on amenities - pollution, conservation, etc. Shots of an area being made ready for building oil drilling platforms. He ends by saying that the course will try to analyse microeconomic problems in relation to real life situations. Closing shots of docks in Aberdeen. Credits. |
| Master spool number: | 6HT/71285 |
| Production number: | 00525_2033 |
| Videofinder number: | 80 |
| Available to public: | no |
