Research Question: What are the possible economic consequences of a nuclear power station accident ?...
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Transcript of Research Question: What are the possible economic consequences of a nuclear power station accident ?...
Research Question: What are the possible economic consequences of a nuclear power station accident ?
Student names:(Underline family name)
Dolomanov AndriiJI JIEStudent numbers: 620037853, 0057032696620037861, 0050061132Date: 25.03.2013 English Group: J
Foundation Group PresentationINT 0001 English Language Skills for
Academic Study
The result of such a disaster can affect a huge territory and people engaged in
business
Thesis statement
Negative Externality
Definition:
A negative consequence of an economics activity that is experiensed by unrelated third parties.
SocialEquilibrium
PrivateEquilibrium
Marginal Social Cost
Marginal Private Cost
Demand (Marginal Private Benefit)=Marginal Social Benefit
Deadweight loss ofeconomic welfareBenefits
andCosts
Quantity of Output (Q)
Q2Q1
P
Nuclear power industry
Product of nuclear reactionUranium
Generate heat & electricity
5.7% of the world’s energy
13% of the world’s electricity
CesiumRubidium
Nuclear power station
Was built in 1977
First in Ukraine
Expected power should be enough for whole
old USSR
What is Chernobyl?
Direct cost in Japan
The capacity to produce electricity was reduced by as much as 40%, and has remained at less than 80% before nuclear disaster levels.
The world bank estimated that Japan’s disaster would cost between $100-$235 billion and take 5 years to rebuild.
New radiation limits for food in Japan
On 22 December 2011 the Japanese government announced new limits for radioactive cesium in food. The new
norms would be enforced in April 2012.
Food Old limit New limit
rice, meat, vegitables, fish500 becquerel per kilogram
100 becquerel per kilogram
milk, milk-powder, infant-food
200 becquerel per kilogram
50 becquerel per kilogram
drinking water200 becquerel per kilogram
10 becquerel per kilogram
Conclusion
Unemployment
Polution
Real expenditures for mistakes in
the past
Residents resetting
Health care
New nuclear power plant at Hinckley Point C is approved
20 March 2013 ,12:02 from BBC NEWS
French energy giant EDF will construct Hinkley Point C in Somerset.
The proposed £14bn power plant would be capable of powering five million homes.
It is estimated the project will create about 25,000 jobs during construction and 900 permanent jobs once in operation
27
Learn from the three accidents, we hope the Hinckley nuclear station will bring UK just benefit this time and the history will never happen again
Reference list• http://www.pravo.by/pdf/2009-309/2009-309(003-
022).pdf
• http://un.by/chernobyl/docs/ch2.html
• http://www.chernobyl.gov.by/index.php?
option=com_content&view=article&id=105&Itemid=54
• http://www.bbc.co.uk/russian/international/
2011/04/110422_belarus_chernobyl_impact.shtml
• http://maps.google.co.uk/maps?hl=ru&tab=wl
• Introduction to economics, Jane Stott and John Hoskin
• Chernobyl’s Legacy: Health, Environmental and Socio-
Economic Impacts, The Chernobyl Forum: 2003-2005
• http://www.bbc.co.uk/news/uk-21839684
• Carl Weinberg, High Frequency Economics
• http://useconomy.about.com/od/criticalssues/a/Japan-
Earthquake.htm