Tutorial 8 Introduction to Externalty Debates

Tutorial Introduction to Externality debates (2019) Last week we finished up with explaining the difference between private goods and public goods https://www.youtube.com/watch?v=E1v5eRs0_fw (a quick review) In class we reviewed the first two of the following videos The third video you need to consult on your own Explain what the Tragedy of the Commons https://www.youtube.com/watch?v=bs2P0wRod8U (11 mins) Explain externalities https://www.youtube.com/watch?v=CpVf11f09Pk (12 mins) Explaining Coarse Theorem https://www.youtube.com/watch?v=00HPak2RLlQ (8 mins) During the Lecture we watch the Netflix: Cod Is Dead’: Series Details Challenges Facing U.S Fishermen January 5, 2018 (Saving Seafood) — The challenges facing American fishermen, ranging from declining quotas to disputed science to fleet consolidation, are highlighted in a new Netflix documentary series premiering today The new series, Rotten, “travels deep into the heart of the food supply chain to reveal unsavory truths and expose hidden forces that shape what we eat.” The series’ sixth and final episode, “Cod is Dead,” focuses on the domestic seafood industry, and the business and regulatory climate that has made it increasingly difficult for fishermen to make a living Special focus is given to the ongoing fallout from the Carlos Rafael seafood fraud case and the continuing impact of the controversial catch share management system The episode interviews fishermen, scientists, environmentalists, and other stakeholders, with special emphasis placed on industry members in New Bedford, Massachusetts The full list of interviewees is:               Steve Welch – Commercial Fishing Captain Richard Canastra – Co-Owner, The Whaling City Seafood Display Auction Peter Baker – Director, U.S Ocean Conservation-Northeast, The Pew Charitable Trust Ian Saunders – New Bedford Dock Worker Dr Jonathan Hare – Science and Research Director, Northeast Fisheries Science Center Seth Macinko – Professor of Marine Affairs, University of Rhode Island Aaron Williams – Commercial Fishing Captain Scott Lang – Former Mayor of New Bedford/Lawyer Jake Kritzer – Director of Fishery Diagnostics and Design, Environmental Defense Fund Tor Bendikson – Vice President, Reidar’s Trawl Gear & Marine Supply Arthur Bogason – Chairmen, Icelandic National Association of Small Boat Owners Ragnar Arnason – Professor of Economics, University of Iceland Charles Smith – U.S Coast Guard Tom Williams – Commercial Fishing Vessel Owner Rotten is available now on Netflix There is a discussion about this film around the following points on Rotten: E6 Cod Is Dead Discussion      Catch share system in general (TAC) Why EDF pushes this system Consolidation limits What alternatives would be better for the family fisherman and the fish? Is the enforcement of Catch shares adequate or some people still rip the system off? See the comments around the slightly modified above questions: https://www.reddit.com/r/netflix/comments/7rdmcv/rotten_e6_cod_is_dead_discussion/ I What is the situation in South Africa? South Africa also uses Catch Shares and there is a report on the state of the industry produced by the WWF This report was released November 2, 2011 According to the report many of South Africa's inshore marine resources are still considered overexploited or collapsed Titled WWF Fisheries: Facts and Trends South Africa, the report provides an overview of the status of the local fishing sector and the marine environment in which it operates Here is the link: http://awsassets.wwf.org.za/downloads/wwf_a4_fish_facts_report_lr.pdf This week you need to go through the material AND examine either North America (Video: Cod is Dead) or South African Fish Industry (Report: WWF Fisheries: Facts and Trends South Africa) There is nothing to submit for Next Week but you should start preparation of a Power Point Presentation by reviewing the required material describe above A Power Point will be due on 23 April entitled “Marine Fish Stocks a Tragedy of the Commons, problems, policy and solutions” This Tutorial will be DOUBLE MARKS as it is spread over two weeks NEXT WEEK TUTORIAL We go through how to make a good Power Point Presentation from structuring to good visuals In Preparation you can look at this Video How to avoid death By PowerPoint by David JP Phillips “With a seldom seen depth of knowledge and passion for his subject, David Phillips has become the leading Swedish figurehead in the art of making presentations He is the founder and owner of Sweden's largest resource on the subject: Presentationsteknik.com He is also author of the groundbreaking book "How To Avoid Death By PowerPoint" published in more than 30 countries.” Link: https://www.youtube.com/watch?v=Iwpi1Lm6dFo ... “Marine Fish Stocks a Tragedy of the Commons, problems, policy and solutions” This Tutorial will be DOUBLE MARKS as it is spread over two weeks NEXT WEEK TUTORIAL We go through how to make a good... local fishing sector and the marine environment in which it operates Here is the link: http://awsassets.wwf.org.za/downloads/wwf_a4_fish_facts_report_lr.pdf This week you need to go through the... through how to make a good Power Point Presentation from structuring to good visuals In Preparation you can look at this Video How to avoid death By PowerPoint by David JP Phillips “With a seldom