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\nUnderstanding Buffer Stock Schemes and the Common Agricultural Policy\n

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\nThis video discusses buffer stock schemes, a government intervention strategy in commodity markets. The video explains how commodity markets operate and why price volatility can create issues for producers and consumers. The concept of...\nThis video discusses buffer stock schemes, a government intervention strategy in commodity markets. The video explains how commodity markets operate and why price volatility can create issues for producers and consumers. The concept of price inelasticity of supply and demand is introduced, and the video explains how buffer stock schemes work to stabilize prices. The video also covers some of the downsides of buffer stock schemes, such as storage costs and potential inefficiencies. As a bonus, the video briefly touches on the Common Agricultural Policy and its impact on European farming.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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12:58
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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economics, target price, markets, demand, governments
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Additional Tags

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a-level, lectures, micro, intervention, 10.2d, buffer, stock, schemes, time period, large change, price inelastic, price falls, price rises, minimum price, guaranteed price, agricultural goods, production plans, small shift, increases demand, price band, price back, start buying, market price, agency sells, agency buys, commodity markets, back, price, goods, agency, sells, production, shift, buying, market
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding Buffer Stock Schemes and the Common Agricultural Policy\" href=\"/subscription/new\">\"Understanding\n\n
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