Reflect on your understanding of implicit, explicit and sunk costs and economic and accounting profit. Watch the video and briefly discuss how these concepts are applied in the true cost of oil.
The true cost of oil
What does environmental devastation actually look like? At TEDxVictoria, photographer Garth Lenz shares shocking photos of the Alberta Tar Sands mining project — and the beautiful (and vital) ecosystems under threat.
Garth Lenz
2. After you have an understanding of the concept of externalities, watch the links below and identify a consumption externality and a production externality (positive or negative) associated with factory farming and food production. https://www.youtube.com/watch?v=OKlEjYZNF8M
How urban agriculture is transforming Detroit
There’s something amazing growing in the city of Detroit: healthy, accessible, delicious, fresh food. In a spirited talk, fearless farmer Devita Davison explains how features of Detroit’s decay actually make it an ideal spot for urban agriculture. Join Davison for a walk through neighborhoods in transformation as she shares stories of opportunity and hope. “These aren’t plots of land where we’re just growing tomatoes and carrots,” Davison says. “We’re building social cohesion as well as providing healthy, fresh food.”
Devita Davison
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