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Sports & Exercise Science Lectures History of Sport and Exercise Science, highlighting relevance of training principles today. • Historian part of speaker finds interest in history of Sport and Exercise Science. Sport and exercise science history and its evolution. • Sport Science: Systematic approach to understanding factors relating to sports performance. • Exercise Science: Systematic approach to understanding how the human body responds to physical activity. • Agriculture led to sedentary lifestyle and exercise became a way to combat it (0:03:14) • Ancient Chinese philosophers like Confucius and Hippocrates advocated for exercise as a means of maintaining health (5000 years ago) Exercise science history, including Leonardo da Vinci's anatomical sketches and early physiology experiments. • Leonardo da Vinci (1500s) made accurate anatomical sketches, discovering heart as muscle pump and nervous system hierarchy. • William Harvey (1600s) discovered blood circulation in one direction, and Boyle (1600s) found Boyle's law, which explains breathing mechanism. • Johan Bernoulli (1700s) developed mathematical models to explain muscle mechanics, using tractors to investigate muscle contractions. • James Lin discovered the origins of scourgia by inviting vitamin C-rich food, with great success. • Anton Laviesia named oxygen and recognized hydrogen as an element, and his experiments on human respiration led to a better understanding of metabolism and nutrition. Note Sport and Exercise Science sub-disciplines and their roles in sport and clinical contexts. • Sport and Exercise Science sub disciplines explore roles in sporting and clinical contexts (psychologists, biomechanics, nutritionists, strength coaches, physiologists, performance analysts) • Accredited Exercise Physiologists provide individualized exercise programs for high-risk populations (hypertension, heart disease, diabetes, musculoskeletal conditions, injuries) Exercise physiology and biomechanics in sports. • Exercise physiologist specializes in prescribing exercise for patients with chronic diseases or injuries. • Sports physiologist studies the physiological demands of sports and advises athletes on training and competition. • Biochemist analyzes technique and injury mechanisms in sports, measuring mechanical loads and risk assessments. Improving athletic performance through strength training and conditioning. • Unknown Speaker discusses biomechanics and jumping throws, using a three-mesh Castle system to measure angles, velocities, and selections of throwing motion. • Strength and conditioning coach works with athletes to improve strength, power, speed, fitness, acceleration, agility, endurance, and flexibility. • Coach designs programs to reduce injury risk, optimize recovery, and deliver rehab programs in conjunction with medical staff for injured athletes. Motor control, learning, and performance in sports. • Motor control specialists focus on learning, performing, and retaining motor skills over time. • Sport psychologists help athletes overcome barriers to optimal performance, using techniques like visualization and mindfulness. Sports dietitians' role in optimizing athletes' health, performance, and nutrition. • Sports dietitians tailor nutritional strategies for athletes to optimize health, performance, and body composition. • Dietitians recommend food first approach and supplements when necessary, and provide individualized advice and hydration stations. • Unknown Speaker discusses six specialist supplements in Sport and Exercise Science, including nutrition (12:30) • Speaker shares insights on interdisciplinary approach to high performance in surfing, with focus on strength conditioning and sport science (14:45) Functional Anatomy an understanding of how to use a correct terms to describe movement interaction, understand major bones, muscles, joints, and how they work together in human movement, and begin to develop the ability to form a movement. Analysis of exercise and supporting tasks. Despite in this lecture, if you're unfamiliar with anatomy, it might require a second viewing. Beautiful lecture is the ability to stop review. If you require any further help with the content, please reach out to your tutor. So the first thing I understand in anthropical language is that whenever we refer to position or something, we're referring to it in its position when in the anatomical position. So this is the standardized position of the body where it is always direct and facing forwards, with the palms of the side of the body, toes and palms of the hands facing forwards. Having a standard anatomical position is crucial to reference and describe the relationship of body sequence to one another when it is anatomical position. There are three COVID plans from which we can view or segment the body that is essential, frontal and reverse plastics. So the station plane, or the median plane, is the side on view of the body, meaning you see a profile of the person. The frontal plane is also called the corona plane, and there's the view we get between directly at the front or back of the body. And finally, the transverse plane, also called the horizontal plane, is the birds of view of the body. There generally can be from the ground up as well, right, if it's never nearly achieved. And the other understand that the body can be viewed in three different planes. It's relatively straightforward to understand that rotational movement also occurs in each of these three axes. So this is called an axis of rotation, and is essentially an imaginary line about which any rotational movement occurs perpendicular to that Cardinal plane of action, just like the anatomical position and Cardinal planes allow us to describe the relative positions with different body parts. So it doesn't understand axis of rotation allows us to constantly describe human movement. However, most movements of human body typically occur about two or more axes of rotation, which makes the analysis of human movement far more challenging. So you think about the 3x Y and Z plane take elbow flexion like a bicycle. When view from front and the front plane, it looks like the forearm hand is simply moving up towards the face, open, viewed side on from the sagittal plane, you see that the forearm hand also moving away from the body and then back towards the body as it goes through that arc. Movement. This way to understand all three other anatomical positions, the counter planes and the axes of rotation, to be able to accurately describe pure movement. So now we can consider best view in his plans. So in the anatomical position, the most common actually the rotation between the SAP flexion and extension. And we'll go through that few slides for now. Include flexion and extension at the wrist, elbow, shoulder, neck, trunk, hip, knee and ankle. At the ankle. It's also referred to as dorsi flexion and plantar flexion, rather than flexion extension. Multi joint actions can involve both. So kicking your foot forwards involve flexing the hip, swinging forward and extending in the knee. Some of that actually rotation. Best views in the frontal plane include adduction and abduction at the shoulder and hip, lateral flexion at the neck and trunk, as well as radial and ulna deviation at the wrist and diversion and inversion at the ankle. And this is why I move the mechanism, which can result in raw ego the arm actually in breast stroke. Swing is adduction, kicking a stop or the ring forward involved adduction of the hip. Two legs coming together are being added so that's adduction. When the arm is being taken away from the body, it is being abducted. It's been taken away. Finding the transverse plane. Some of the best view axes of rotation and movements include internal and external rotation of the shoulder and hip, and horizontal adduction and abduction for the shoulder and the forearms, pronation and supination and neck and trunk rotation. Each of these three slides are diagrams. Highlight the movements just went through. The next slide go through the names of these moves and what the actions are. Flexion and extension refer to increasing and decreasing the angle in the frontal plane. So for instance, elbow flexion is raising your forearm and hand, while extension is lowering back down. This is truthfully all flexion extension, except for the ankle, which you remember dorsiflexion and plantar flexion. So dorsiflexion refers to moving the top of the foot towards the leg, and plant deflection is away from the leg towards the ground. I find this easier to remember using your plan to flexion as the movement required to step on a plane with your toes. Adduction. And adduction refer to moving away or towards the central plane. Next is protraction and retraction. This is moving something forward or patterns. And a good example is the second level of shoulder blades. When you pull your shoulder blades back and away. This is attraction. Protraction is the opposite elevation and depression. Can be also thought of with regarding the shoulder is raising, like in a shrug, while depression is lowering back down another shoulder blade sample is upward and downward rotation, with upward rotation referring to the rotational movement around access to a point superior and downward rotation, maybe opposite. Medium and lateral rotation referred to rotating toward or away from midnight. So the arms hanging medial rotation is internal rotation of your arm, the shoulder towards midnight, and external or lateral rotation being back away from midnight. Pronation suppression has special terms for forearm movement. With a forearm rotation to have your palm facing upward in an anatomical position in front of supreme and the back of your hands facing forward into pronation. We can also use these terms of the foot, but they are known as inversion, meaning the sole of the foot faces towards mid level E version, when the solar foot rolls away from the middle. Our last two terms, especially with the circumduction, referring to the combination of flexion and attention abduction and medial lateral rotations, and often we could curtain rally, but when we move up arms or legs, it's usually not in a single plane through a multiple plane with multiple positive move and social conduction despises. Now opposition is the movement of bringing tips of your fingers and thumb together. And the reason we also have possible thumbs are very useful with lasers pick up items. Here is a diagram illustrating protraction, retraction, elevation and depression, these lines of upper rotation and downward rotation. So on this slide is a consolidated view of some special actions that only currently in places. So we've got scapular to demonstrate protraction, retraction, depression, elevation, plus upward and downward rotation. You can see that you can invert or divert the ankle. In running terms, we can talk about pronation as collapsing inwards during foot strike, which means I saw the foot faces away from midline. Next is illustrate example of plantar flexion and dorsiflexion and ankle, and define this example of protraction, retraction, elation and depression of the Mandal which is the lower jaw bone. So you would think that with each member of the move toward or away from the midline, or up versus down, all these things, or have anatomical terms to solve the time in terms of the direction of body. So anterior and posterior refer to the front and back of the body in atomic position. You also call them ventral end dorsal, and think of dorsalism, but the dorsal is the dorsal fin on the back, mostly we refer to as anterior and posterior. Superior and inferior refer to the directions towards the head or towards the feet, while medial and lateral refer to the direction towards the midline or away from midline in a sideways direction, approximately distal, our special tendencies to refer to the relative positioning of something compared to another landmark. So if something is distal, it refers to sides located away from a specific area, most often the center of body, and for instance, the hand is visible to the elbow. Proximal refers to sites located towards a specific area, so the COVID The elbow is proximal to the hand. The term distal, or is maximum or distance or proximal indicates proximity. Now last terms are superficial and deep, which require you to think in three days. So something that's superficial is close to the surface or the skin of the body, or something that's deep is away from so muscles are deep to the skin, but superficial to bone. So many of these will become important when we talk about anatomy, as certain structures can be proximal or anterior or superficial to other structures. The human anatomy is built around the scaffolding of the split system. So this slide shows you in the structure an anatom. We're not going to go through that in this lecture for this electron. Functional anatomy is more important than understand the function of the skeleton that bones make up, beyond just being the strong structure holding us together, the way the bones fit together and serve as attachment points for the ligaments, tendons and muscles, serves to allow various movements of the body that we've already discussed. The skeleton by the rib cage also protects wild organs, while the internal structure of the bone allows for the storage of minerals and production of new blood cells. We wouldn't have any of the functional movements we've discussed so far without having a skeleton to support these movements. There are 206, bones in the human body. We don't need to learn them all, but we're certainly discussing some of them in this unit. So basic understanding of the major structure of the skeleton is important, and you can use this as a reference for some of those major bones. In this particular image, the green bones represent the actual skeleton, and the non green turn the perpendicular skeleton thanks to better understand how movement can occur in the body. Is cartilage, which is a stiff but flexible connective tissue found in many applications throughout the body. So cartilage is composed of specialized cells called corona sites. They produce a large amount of extracellular matrix. So cartilage can be classified as three types. We have hyaline cartilage, which forms a smooth surface on articular joint surfaces, with Fibro cartilage that is a part of form of cartilage found at sites such as the pubic symphysis. And you've got elastin cartilage, which can be found in here. Cartilage doesn't actually contain blood vessels instead, the chondrocytes are supplied by diffusion, which is helped by the pumping action generated by the compression of articulate cartilage or flexion of the elastic charge. So because it doesn't have a blood supply, cartilage grows and repairs more slowly, which is why cartilage injuries are so slow to healing athletes and and often require arthroscopic surgery, which are inelastic but flexible bands of connective tissue that attached, attached two bones together so they enhance joint stability by maintaining the alignment of bones and limiting range of motion. Those are the two primary functions keep bone and enhancement stability. The most common injuries involve involving into sprains, which means over stretching and tearing of the fibers, and they can be quite slow to heal. So if we bring that together, we get a joints so these facilitate the movers that we discussed at the front of this lecture, per muscular structure, joined by the ones, separate by cartilage. The form joints, which used to be also called articulations. There are three types of classifications of joint. So we have fibrous joints, which are bound by dense connective tissue. And these are joints in the scale, and they really don't move much. You have a catalyst joint, which, as the name suggests, is a joint with fibrous cartilage separating two bones, such as the symphysis, pubis and the ribs. And again, they don't move very much. And then finally, we have synovial joints, which are bound by a joint capsule in containing ligaments and muscles to allow them to occur. And these are the ones with most interesting in this lecture. So not only a synovial joints most interesting for me, but also the most common type of joint. So the articulate capsule, which surrounds synovial joint forms a kind of SAC around the joint. And so there's also synovial membrane inside the articulate capsule, which secretes synovial fluid, and this lubricates the articular cartilage of the joint services, similar to enjoy car lubricating the moving parts. It also nourishes the joint structure, and it can act as a shock absorber, distributing the stress evenly across the articular surface. So all of this combines to allow for smooth fluid movement joints, and usually without needing an oil change during your lifetime, as we've already gone over, the bones with the joints are held together by ligaments. But what we haven't talked about here is the joints can also contain something else called a bursa, which we'll discuss a bit later. So even though synovial joints are major type of joint, they can also be classified with various types of synovial joints. So we have plain joints, which can be found in the joints between the vertebral articulating surfaces. We've got hinge joints such as the elbow or the knee. We have pivot joints such as the ulnar and radius. We have COVID joints in the fingers. We have several joints, which is the thumbnail and sub joint, such as the hip and joint. Okay, so this is a very useful slide for a reference for various locations where these joints can be found. As I mentioned before, we have bursa which can sometimes occur with some synovial joints. These are small sacks of fibrous tissue filled with synovial fluid, and they are found where different parts move over one another in the body, and they help reduce friction within the joint. So these mostly occur with bones, ligaments, muscles, skin or tendons, over later, and will rub together. If a person comes in flames, it can lead to an injury you might have heard for bursitis, where the bursar releases too much fluid and the joint gets very swollen, and they can make movement difficult. So burst sit around tendons, and so that's the next structure that we look at. So tendons are tough but flexible bands of tissue that attach muscle to bone and help facilitate movement. So like many fibrous structures we've already discussed, they have a limited blood supply, which makes healing and repair slow. Some common tenderness injuries, which are strains or over stretching. Can be a tenderpathy or tenderloin, which is a result of inflammation, and tenderlois, which is a chronic inflammatory condition. Lastly, we have the muscles, and as with the bones, you'll do need to understand some of the basic muscles of the body, but for the for this functional anatomy component, we'll just talk about the functions of the skeleton worker. So essentially, our muscles control our posture. They provide support for the soft tissues in the body. They allow the body to store energy to use during movement exercise. They can guard entrances and agents in the body, and they also produce heat to allow us to regulate our body temperature. When muscle is contracted, it pulls on the tendon of the muscle, which in turn is connected to the bones, bone, and then we get the movement. So the way in which that occurs in a single muscle cell fiber is made up of many myofibrils, which can make up any starters. So within the start of me there's actin and myosin filaments, and that's called an actin mycin cross bridge. And they slide past and pull each other closer together or further to control the movement. So whilst we're over the 700 muscles in the body, here's a list of some of the major muscles that we'll refer to, and you'll cover it in a different unit, but certainly will be exposed as many of these throughout the labs. So reaching the end of this lecture, we now have to use the knowledge from this lecture to answer some applied problems. So during stationary cycling, what plane or planes of movement is this exercise occurring? So what axis of rotation is movement occurring? So we will need to look at a sporting movement or an exercise and describe it in its proper anatomical terms, so not always as simple as stationary cycling. So take this diagonal Wood Chop exercise as an example. This is still quite a basic movement. If there are multiple axes of rotation occurring through multiple planes involving many joints, bones and muscles. And even in a more complex example, we can go to Goldsmith and see movement across multiple axes of rotation of all three planes. For example, the frontal plane, we can see abduction and abduction, as well as inversion and inversion. In the Sagitta plane, we can see flexion and extension in the medial lateral axis. On the transverse plane, we can see rotation around the longitudinal latches. Many real world supporting movements will be like this, involving a complex coordination of many movements across many planes. We will work through all of these in the labs. So to be able to describe all of these different actions using proper environmental terminology, I highly recommend you start the voting time to study with most of your three credit point units. You'll find that towns a week is allocated for full time state, only four hours of that is lectures and labs, which leaves the rest of your time for state. So please use that time, why is it, this particular left of today on functionality, you may have many questions about plans of movement anatomical terms. I'm trying to write them down, bring them to the lab so that we can speak to your tuners about their experiences with learning this material. Thanks for watching this lecture. Body compostion In this lecture, we will cover body composition, the different types of tissue in the human body, and how these are distributed, measured and the impact on our health. of this lecture, you'll have an understanding of the components of body composition and implications of body composition on health. So body composition is the general term that refers to the relative amounts of tissue types of the body, generally related to fat and fat free mass. It is expressed as a percentage of body fat. There are general classifications of body composition, from underweight to severely obese. Body Composition is related to general health and can also have an impact on supporting performance. The assessment of body composition can be used to monitor lifestyle interventions. There are optimal ranges for health and exercise. Professionals administer different Exercise and Nutritional strategies to influence body composition. There any correlations between risk of chronic disease and body position, including coronary heart disease, diabetes, hypertension, some cancers, hyperlipidemia is more commonly referred to as high cholesterol, but encompasses several blood lipids. Body Mass Index is one measure of obesity as a relationship between height and weight. On this low we can see the relative risk of type two diabetes starts increasing rapidly between BMI 25 to 30, which is Catia crisis, overweight, and beyond, which is obese. We can see on the right side that the same relationship holds true for many forms of cancer. Delicately, this pilot, diabetes and cancer can be thought of as lifestyle diseases, and that body composition is one factor which is correlated with the risk of these diseases. Here we can see the five different lenses through which to view body composition. So at the time level, we mostly hydrogen and oxygen, the word elements on a carbon skeleton with trace elements making it the rest. At the molecular level, we mostly water with fats, proteins and minerals making up the remainder. At the cellular level, where you predominantly cell mass, extra cellular solids, that's ECS, that ECF is extra cellular fluids and fat. And functionally, which we're most often interested is joint modify is muscle and fat, and then other substances like blood and bone. So within the functional assessment of body composition, there are a number of different models that can be used to describe body composition. As we can see, whether we're using a two, three or four component model, the common factor is fat mass. So different techniques are required for different analyzes, but most techniques can identify fat mass or a fat percentage analysis. So while fat is a common denominator between these different assessments of body composition, there are still different types of fat. So optimal fat is critical for optimal health. It is necessary for healthy cell and system function. At the minimum, it's 3% for men and 12% for women. Fat can be stored under the skin, known as subcutaneous or visceral fat, and deeper fat around the organs. It's the visceral fat that can be the dangerous for health due to its proximity to the organs. Here are a number of different ranges for recommended levels of body fat, but broadly speaking and optimum body fat percentage could be generalized to be between eight and 35% if you're unsure what these different levels of body fat look like, This slide provides a rough depiction of how body shapes change with increasing levels of body fat. For similar levels of body fat percentage, there are different fat distributions referred to as Android fat, or going away fat core locally there's the apple or pear body shape. The Android shape is more associated with health risk as the fat is stored around the organs. So humans are becoming increasingly overweight innovative. This is due to a number of reasons, but it can be summarized simply, as we are consuming more of energy. As wealth increases and high energy convenience foods become more prevalent, we're also burning less and less energy as tasks which were typically performed manually and burned like calories, and they are performed by technology machines. So this combination of more energy being consumed and less being burned has resulted in an explosion in obesity that's particularly in wealthy first world countries, and with that, an increase in preventable chronic diseases. So as many physical characteristics, there is a genetic component, and there are rare forms of obesity that are result of gene mutations which influence appetite or energy homeostasis. However, given that human genetics have changed little in the past 50 years, and obesity rates have increased significantly, the impact of genes on obesity are quite small. Instead, lifestyle choices driving the change in obesity rates, the magnitude of chronic health conditions associated with obesity are large, expensive and largely preventable, so being overweight has been demonstrated to impact cardiovascular disease, cancer, high blood pressure, hypertension and type two diabetes. Type Two Diabetes is a situation where the body becomes resistant to insulin. Type one diabetes is an unable genetic condition that usually in young people, where the body cannot produce insulin. Being overweight or obese can impact sleep as we naturally, plays a critical role in physical and mental health. However, it's not only being overweight that has health implications. Being underweight can also carry significant risks. In women, it can lead to menstrual abnormalities and associated health complications with that. In women, it can lead to osteoporosis. So that's a condition characterized by weaker bones, which makes it more susceptible to fracture. But physiologists and dietitians can calculate metabolic rate using equations to determine the basal metabolic rate, that's the minimum energy required to maintain physiological function, so it is dependent upon age, gender and body mass. Resting metabolic rate can still be calculated, and it's similar, but it's measured under different conditions. This is important because knowing the metabolic rate consists professionals to prescribe nutrition and exercise, inventions to manage body composition. So once we know roughly how much energy a person needs to function at rest, we can apply an activity factor to this BMR to determine daily energy requirements, in total, to maintain weight, and use this as a guide to monitor nutritional intake, to manage weight. So in summary, body composition is the compartmentalization of body tissues. Body fat is essential for health, but there is an optimal range and lifestyle choices impact body composition. So overweight and obesity has a range of adverse health risks, and likewise, underweight is also the health risk. Exercise professionals look at the energy requirements and we can calculate those to help us by nutrition and exercise interventions to help people with weight, composition. ANTHROPOMETRY we will build on understanding of body composition and the means available for body composition assessment. By the end of this lecture today, you will understand how to measure and interpret body composition using both field and lab based methods. So assessment methods for many physical tests, including anthropogenic can be divided into field based tests and lab based tests. Generally speaking, field tests are more simple, quicker and cheaper to administer, but can lack the accuracy and sometimes the detail of lab methods. Lab methods, on the other also, are far more accurate, of the more expensive compared to field tests have much tighter testing protocols involving more time, and they make them more challenging to administer to administer. Two groups, we'll go through some of these assessments. Now, with all testing, there are protocols to ensure there are reliability to test. So for height and weight, an example would be weighing someone with shoes off for the first time and then shoes on the next time will result in increasing weight. That's the weight of their shoes, but we could mistakenly conclude that they'd increase weight. So an easy way to avoid confusion with all their testing protocols is to have standardized testing. So with for height, we would remove shoots, we would stand straight and have the feet together. On this last point, think about the difference in height of a couple of centimeters, and the difference between your feet together and your feet wide apart. For body weight, ideally, your point is in minimal clothing, which is not always convenient or comfortable, but something that we should consider for if we're doing some athlete populations, particularly swims or water ball athletes, we're trying to get them with straight from the pool where they have weight here, because that would affect the measurement as well. Body mass index, or BMI, is a common method to non invasively assess body composition in terms of overweight and absent, using just height and weight. So it is based on the concept that individuals with lower body fat will have a lower BMI. However, that's not always accurate in the sense that a heavily muscular athlete can appear overweight or even obese, although they have a metabolically healthy tissue in terms of they have a lot of muscle mass. So here is an example of a classification table which outlines for adults, normal BMI, overweight, obesity and severe obesity would be based upon that relationship of height and weight. Though there's an illustration as discussed in BMI, it's very well researched, and there is really strong relationships between BMI and health complications, such as diabetes, hypertension, coronavisis, heart disease. So colitheasis is the formation of gallstones and hardened deposits within the fluid of the gallbladder, which is small organ under liver, Corona heart disease. So that's CHD. So this BMI chart doesn't even show obesity, which is a BMI over 30 under the risk of higher BMI through the range of normal and overweight as alluded to, BMI is a pretty useful tool for measuring antibiotic at the population level, as for most people, weight increases with percentage of body fat. However, it doesn't directly measure fat mass. Therefore at an individual level, it might not, might not necessarily be a great measure. So for example, if you lose three kilograms of muscle and gain three kilograms of fat to body mass index, let's say very muscley individuals are often considered overweight or obese, and the elderly can have non representative BMI due to age associated muscle atrophy or decreasing height. It's important to know the limitations of tests, as they will influence your interpretation and interventions. This involves another very common method to assess body fat. They are very important to measure. They are reliable and valid. However, they become slightly invasive because it provides some touching but there are a range of sites that can be used to make the testing a little bit more comfortable. It involves measuring the two layers of subcutaneous fat beneath the skin, and it can provide an estimation of some overall fatness. I talked about reliability. It can have a small error. There's small error associated with every test, but the more you practice, and if you're likely credited level one anthropometrist, you've practiced enough that your error is acceptably low. There's a number of different summation sites. You have seven sites, which provides a good overall view of the body, but sometimes it might only be three or four sites, and sometimes there's an site model as well. We'll be practicing involved in the lab. Whilst it appears a fairly straightforward practice, it is important to practice to get a feel of, first of all, to get an accurate landmark, because there are specific sites that we take a measure. Then also to get a feel of what an appropriate pinch is. So we don't get sometimes it's easy to pinch the muscle inside the sample, which gives it a bigger ring in a lower ring. And if all measures are always taken on the right side of the body, where they can, ideally, we carefully measure and mark the site with a permanent marker. I grabbed this info between the thumb, index finger, just to get a slight fold. We replace the calipers just below that pinch, hold for two seconds and then release. And we do multiple measures at the same site to get valid readings. Some of the sites that we take would be the medzilla, the abdominal, the thigh, triceps and biceps, and it's also subscapular, suprailiac, medial calf, and suppress Mala so there are several methods by the number of different sites, whether it's 34678, and each different summation has a conversion to body fat percentage. So it depends on the number of access sites you have. Some can be uncomfortable for some people. So then you have different samples that you can use to know that the formulas give you body density, but you need to use the serum equation to convert percent with a series a published researcher from the 60s, and it's not the Apple program on your phone. Here are some other methods that you can use to value to test my body fat. So based on the clients that you work with or the sporting organization, they may have a different protocol. So it's important that you're familiar with one specific requirements, and also important that you keep using the same protocol. You cannot compare a three site to a seven site. You compare the three side to three side, or a seven side to seven side. As far as assessments go, gith measurement is about as basic as it can get. However, the power and the surface of the test, it's easy to learn, it's easy to administer. It inexpensive, and the value of information and the relationships to health, it's actually a really good test. As well as the waste, there's also a full body assessment, which will involve measuring other areas. So it's really important to practice these you're entering someone else's physical zone. You're touching. It's a minimal touch, but you're still touching. So whilst trying to accurately place a tape and read small writings, it can be quite challenging, so it's really important to practice these you can also measure a mid thigh, thigh, forearm and cut. I stated earlier there was a waist to hip ratio, and given the low cost of the test, information value is incredibly high. Higher scores of waste relative to keep circumference indicates higher abdominal fat, which is an increased risk of cardiovascular disease, and that's the android or apple shape that we talked about in the previous lecture. There are optimal ranges, and there's risk related to waste to heat ratios. So this is some really important information for such a non invasive and simple test, but also laboratory tests which become more complicated and provide more detailed information. So these include the scans hydrostatic weight, air displacement and biological impedance, which we'll go through now. So a dual energy X ray, or DEXA, is a low radiation X ray scan of the entire body, which can estimate body fat and bone density. It has mass less radiation than an x ray, and it's able to identify fat and bone and it can actually provide excellent detail on fat mass and really important information on bone density. So that bone density so that bone density information is quite important for specific populations. It could also be done in conjunction with a more frequently performed field test. There's a comparison, because it's expensive for them and requires professional expertise. For example, The Sporting Club might do one test in their preseason as a really detailed assessment. At the same time, they'll do skin folds, and they'll use that skin fold comparison to Dexter skin to track their athletes with multiple skin fold assessments throughout the season. Hydrostatic weighing. This is where the subject is weighed on land, and then when they land fully submerged in water, and relies on the difference between underwater and out of water weights and the density of the body and water displacement. This is not as popular due to the non population scans, due to the inconvenience of being weighed underwater, and it requires the specialized equipment that subject must also exhale or their air and then remain underwater, which makes it a somewhat difficult process. There's also air displacement, which was used to overcome the need to submit some of the water, and also calculated based upon weight and air displacement. But again, it's less popular test because it's time consuming and expensive. And finally, we have bio electrical impedance analysis. Now, whilst you could argue that this is a field measure rather than a lab measure, it does require a specialized piece of equipment. So that's what's included here. This is where a low level current is passed through the body to estimate the body fat percentage, given that lean tissue contains more water than fat tissue, the level of resistance to the current, indicating that lean versus fatness. This is certainly much cheaper than other lab based methods that's not as reliable and only provides a general measure of body composition. It could also be influenced by hydration status and even moisture on hair and clothes. So whilst we understand we try standardize all our tests, we can see that there's more errors can be introduced into a b by a test. So in summary, body composition can be assessed by field or lab tests. The field tests are cheaper, they're quicker and but they're less accurate than lab the lab much more accurate, much more detailed, but they can be expensive. They're also prohibitive for large groups, because the time requirements for the streets protocols, BMI home weight only, and that has a great relationship to health risk. So does he have to weight ratio, girth OS detects remains the gold standard for body composition. It is a little more expensive regarding specialized equipment and harder to get body composition. Assessment for exercise and sports science professionals is a really important tool in the assessment toolbox, and this will form part of our labs where we get a lot of hands on experience, learning how to do girths and skin vaults, learning to I'm encourage you to be involved in the lab as much as possible, to practice these skills. Thank you for listening to today's lecture if you have any questions, please ask your tutors or send His names. Thanks
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Motion: The change in an object's position over time. Acceleration: The rate at which an object's velocity changes over time. Free Fall: The motion of an object under the sole influence of gravity. Displacement: The overall change in position of an object from its initial point to its final point. Velocity: The rate at which an object changes its position in a specific direction. Scalar Quantities: Quantities that have only magnitude (size), such as speed or distance. Vector Quantities: Quantities that have both magnitude and direction, such as velocity or displacement. Aristotle's Concepts of Motion: A theory that posited objects have a natural tendency to move towards their designated place in the universe. Heavy objects fall faster. Galileo's Concepts of Motion: All objects, regardless of mass, fall at the same rate in a vacuum. Objects in motion stay in motion unless acted upon by an external force. Vertical Motion: Motion in the up-down direction, primarily influenced by gravity. Horizontal Motion: Motion in the side-to-side direction. Projectile Motion: The curved path of an object moving through the air under the influence of gravity. Uniform Motion: Motion at a constant speed in a straight line. Speed: The rate at which an object covers distance. Momentum: The product of an object's mass and velocity. Impulse: The change in momentum of an object. Collision: An event where two or more objects exert forces on each other for a short period. Elastic Collision: A collision where both momentum and kinetic energy are conserved. Inelastic Collision: A collision where momentum is conserved, but kinetic energy is not. Short Answer Quiz Instructions: Answer the following questions in 2-3 sentences. Distinguish between distance and displacement. Explain why a feather and a ball will fall at the same rate in a vacuum. Describe the difference between speed and velocity. What is acceleration and how does it relate to velocity? How did Galileo’s understanding of motion differ from Aristotle’s? Define momentum and provide its equation. Explain the concept of impulse and its relationship to force. Differentiate between an elastic and an inelastic collision. What is the principle of the conservation of momentum? How does a free-body diagram help in understanding the forces acting on an object? Short Answer Quiz Answer Key Distance is the total length of the path travelled by an object, while displacement is the overall change in position from the starting point to the ending point. Distance is a scalar quantity, while displacement is a vector quantity. In a vacuum, there is no air resistance. Air resistance is a force that opposes the motion of objects through the air. Without air resistance, gravity affects all objects equally, regardless of their mass, causing them to fall at the same rate. Speed is the rate at which an object covers distance, while velocity is the rate at which an object changes its position in a specific direction. Speed is a scalar quantity, while velocity is a vector quantity. Acceleration is the rate of change of velocity over time. It can be a change in speed, direction, or both. If an object is accelerating, its velocity is changing. Aristotle believed that objects had a natural place and that heavier objects fell faster. Galileo argued that all objects fall at the same rate in a vacuum and that objects in motion tend to stay in motion. Momentum is a measure of a moving object's mass and velocity. It quantifies the difficulty of stopping a moving object. The equation for momentum is p = mv, where p represents momentum, m represents mass, and v represents velocity. Impulse is the change in momentum of an object. It is equal to the force applied to an object multiplied by the time over which the force acts (J = Ft). A larger impulse results in a greater change in momentum. In an elastic collision, both momentum and kinetic energy are conserved. In an inelastic collision, momentum is conserved, but kinetic energy is not. In a perfectly inelastic collision, the objects stick together after impact. The principle of conservation of momentum states that the total momentum of a closed system remains constant, meaning momentum is neither created nor destroyed, only transferred between objects within the system. A free-body diagram helps to visualise all the forces acting on an object. It isolates the object and represents all the forces as vectors, making it easier to analyse the net force and predict the object's motion. Essay Questions Explain the concept of projectile motion and discuss the factors that influence the trajectory of a projectile. Compare and contrast Aristotle's and Galileo's concepts of motion, highlighting the key differences in their understanding. Discuss the relationship between position, velocity, and acceleration, using graphs to illustrate their interdependence. Explain the law of conservation of momentum, providing examples of its application in real-world scenarios, such as collisions. Compare and contrast the different types of collisions (elastic, inelastic, and perfectly inelastic) in terms of momentum and kinetic energy conservation. Glossary of Key Terms Acceleration: The rate of change of velocity over time. Air Resistance: A force that opposes the motion of objects through the air. Collision: An interaction between two or more objects where they exert forces on each other. Displacement: The change in position of an object from its initial position to its final position. Distance: The total length of the path travelled by an object. Elastic Collision: A collision where both momentum and kinetic energy are conserved. Free Body Diagram: A diagram that isolates an object and shows all the forces acting on it. Free Fall: Motion under the influence of gravity only. Gravity: A force of attraction between objects with mass. Horizontal Motion: Motion in the side-to-side direction. Impulse: The change in momentum of an object. Inelastic Collision: A collision where momentum is conserved, but kinetic energy is not. Momentum: The product of an object's mass and velocity. Motion: A change in position over time. Projectile Motion: The motion of an object projected into the air at an angle. Scalar Quantity: A quantity that has only magnitude (size). Speed: The rate at which an object covers distance. Uniform Motion: Motion at a constant speed in a straight line. Vector Quantity: A quantity that has both magnitude (size) and direction. Velocity: The rate at which an object changes its position in a specific direction. Vertical Motion: Motion in the up and down direction.
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Law of Supply producers offer more of a good as its price increases and less as its price falls Law of Demand consumers buy more of a good when its price decreases and less when its price increases Supply The amount of goods available at various prices over a specific period of time Demand the quantity of a good or service that consumers are willing and able to buy at various prices over s specific period of time elasticity of demand a measure of how consumers respond to price changes elastic demand curve Elasticity is greater than 1, quantity moves proportionately more than the price, "flat" inelastic demand A situation in which an increase or a decrease in price will not significantly affect demand for the product; perceived necessity with few substitutes elasticity formula % change in quantity / % change in price total revenue Price x Quantity profit total revenue minus total cost total cost fixed costs plus variable costs fixed costs Costs that do not vary with the quantity of output produced variable costs costs that change as output changes marginal cost the cost of producing one more unit of a good marginal revenue the additional income from selling one more unit of a good; sometimes equal to price Factors or production land, labor, capital, entrepreneurship; shift the demand curve Determinants of Demand the external factors that shift demand to the left or right; income, attitude, substitute, complement substitute a good that can be used in place of another good complement goods that consumers purchase together with another good increase in demand a rightward shift of the demand curve; causes price to increase and quantity to increase decrease in demand a leftward shift of the demand curve; causes price to decrease and quantity to decrease increase in supply a rightward shift of the supply curve; causes price to decrease and quantity to increase decrease in supply a leftward shift of the supply curve; causes price to increase and quantity to decrease Equilibrium the price at which quantity demanded meets quantity supplied Disequilibrium any price or quantity not at equilibrium; when quantity supplied is not equal to quantity demanded in a market shortage A situation in which quantity demanded is greater than quantity supplied surplus A situation in which quantity supplied is greater than quantity demanded tax line extra charge on a good or service; placed to the left of equilibrium quantity subsidy line help to pay the costs of production; placed right of the equilibrium quantity price ceiling a maximum price that can be legally charged for a good or service; placed below the equilibrium price price floor A legal minimum on the price at which a good can be sold; placed above the equilibrium price perfect competition unlimited buyers and sellers of a commodity; no control over the price so costs per unit must be reduced Monopoly one seller with complete control over the market; regulated in US if there is an economy of scale monopolistic competition a market structure in which many companies sell products that are similar but not identical; elastic demand where quality of good is up and prices are down Oligolopy A market structure in which a few large firms dominate a market; can work together to manipulate production and pricing economy of scale as output increases, long-run average cost falls commodity a product that is the same no matter who produces it Differentiation making a product different from other similar products graph with the "bent" demand curve oligopoly "mover" of Qs or Qd IMAGE Price
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Economics Microeconomics September: The Basic Economic Problem: Opportunity cost- Cost of the next best alternative. Economic goods- Scarce resources Free goods- Resources that are not scarce Resources are scarce but the wants are finite. This causes economics agents to make choices: they must allocate scarce resources between competing uses. Therefor the basic economic problem is one of scarcity and choice. There are limited resources on earth and therefore these are known as Scarce Resources. There are four factors of production which are resources used in the production process. These are land, labour, capital and enterprise. They also all have associated costs or rewards. Land- All natural resources (rent). Labour- The physical and mental work of people (wages). Capital- Imputs that help to create consumer goods. Enterprise- The human capital involved with organizing factors of production and taking risk (profit). Entrepreneurs--- taking risk---rewards A positive statement is something that can be tested. Normative statement is instead based on opinion or subjective values. CELL: Capital, Enterprise, Land, Labour Opportunity cost: Opportunity Cost can be illustrated by using Production, Possibility, Frontiers that show the effects of making an economic choice. OC= the cost of the next best alternative forgone Work-leisure choices- The opportunity costs of deciding not to work an extra ten hours a week is lost wages given up. Production possibility frontiers: Opportunity cost can be illustrated by using Production Possibility's Frontiers that show the effects of making an economic choice. A PPF shows the maximum possible output combinations of two goods or services that an economy can achieve when all resources are fully and efficiently employed. Opportunity cost: The opportunity cost of producing more of one good is the amount of other goods that must be given up. The slope of the PPF represents the opportunity cost of switching from producing one good to producing another If it’s a straight-line opportunity cost is the same. Capital goods are used to make consumer goods and services. Capital inputs include fixed plant and machinery, hardware, Sofware, new factories and other buildings. Consumer durables- Products that provide a steady flow of satisfaction/ utility over their working life. (washing machine or phone). Consumer non- durables- Products that are used up in the fact of consumption (drinking coffee). Consumer services- haircut or a ticket to a show. Free Market Economy: A free-market economy is characterized by minimal government intervention in economic activities. In such economies, prices are determined by supply and demand forces in the marketplace. Private individuals and businesses own and control the means of production and make economic decisions. Competition is a central feature of a free market economy, which is believed to drive innovation and efficiency. Key examples of countries with free market economies include the United States and Hong Kong. Mixed Economy: A mixed economy combines elements of both market and command economies. In a mixed economy, the government plays a role in regulating and overseeing certain economic activities, such as healthcare, education, and infrastructure. Private individuals and businesses still operate freely in markets for goods and services, but the government intervenes to address market failures and ensure public welfare. Many developed countries, including the United Kingdom and Canada, have mixed economies. Command Economy: A command economy is characterized by extensive government control over economic activities. In such economies, the government owns and controls the means of production and determines what goods and services are produced, how they are produced, and for whom they are produced. Prices are often set by the government, and there is limited room for individual decision-making in economic matters. Historically, the Soviet Union and North Korea were examples of command economies. Shifts in PPF: Causes of an inward shift on an economy's PPF- Natural disasters, large scale net outward labour migration, Destruction/ loss of factor inputs caused by civil war, A trend decline in the productivity of inputs perhaps caused by a persistent recession which causes net investment to be negative. Specialization- When an economy concentrates on a specific product or task. Specialization happens at all levels of economic activity. Division of Labour- Where production is broken down into many separate tasks. Division of labour can raise output per person as people become proficient through constant repetition of a task. This is called “learning by doing”. This gain in productivity helps to lower the supply cost per unit. Production- Volume of output over a given period Productivity- efficiency of production, output achieved with a given number of inputs. Unrewarding repetitive work that requires little skill can lower motivation and eventually causes lower productivity. Workers may take less pride in their work and quality suffers. Dissatisfied workers become less punctual at work and the rate of absenteeism increases. Sectors of industry: Primary- Raw materials are extracted and food is grown Secondary- raw materials are transferred into goods Tertiary- Finished goods available for sale/production of services The four functions of money: A medium of exchange- To buy and sell goods. A measure of value- a unit of account. This can be affected by high inflation. A store value- links the present and future value. This can be negatively impacted by very high inflation. A method of deferred payment- credit and borrowing- the accepted way, in markets of settling a debt. Forms of money: Cash- Notes and coins, a perfect medium of exchange, but affected by inflation. Money in current accounts- Cash on demand and debit cards but there is not a perfect medium of exchange as they can be declined. Near monies- Assets that fulfil some but not all the functions of money but are not a medium of exchange for example an (ISA) Non money financial asset- All financial assets can be turned into money (house). Utility- Maximising agents' economic welfare is often referred to or measured by the concept of utility: the satisfaction or benefit derived from consuming a goof or set of goods. Consumer- want to maximise their purchasing power Workers- Want to maximise their own welfare at work. Firms- Want to maximise the utility of ownership. Governments- are assumed to want to maximise the economic welfare to their citizens. Neo-Classical Theory- A theory of economics which typically starts with the assumption that economic agents will maximise their benefits and act rationally. Homo economicus is based on the idea that people are rational and self-interested and make descions based on maximizing their own utility or satisfaction. Margin- Assumes that all decisions are taken in isolation. Margin Benefit (MB)- This refers to the additional benefit gained from producing or consuming one more unit of a good or service. Marginal cost (MC)- This represents the additional cost incurred that comes from making or producing one additional unit. Demand- The quantity of goods or services that consumers are willing and able to buy at a given price in a given time period. Derived demand is the demand for a factor of production used to produce another good or service. Composite demand is where goods have more than one use. Veblen goods- People will by item when they are scarce. Giffen good- low-income, non-luxury product for which demand increases as the price increases. Causes of shifts in the Demand Curve: Changing prices of a substitute goods Changing prices of a complements Changes in the real income of consumers Seasonal factors Social and emotional factors Interest rates Market shocks (recession, commodity prices(oil) P-Population I-Income R-Related goods A-Advertising T-Tastes E-Expectations S-Seasons Other factors can also cause demand for a product to change these are called conditions of demand. The law of diminishing marginal utility explains that as a person consumes more of an item or product, the satisfaction (utility) they derive from the product. Consumer surplus- the difference between how much buyers are prepared to pay for a good and what they pay. Supply: Supply- Shows the quantity of a goods that suppliers are willing to sell at any given price. When supply is affected by price changes, this is known as movement along the curve. P-Productivity I-Indirect Taxes N-Number of firms T-Technology S-Subsidies W-Weather C-Cost of production These conditions can cause a shit in the supply curve to the left or the right. Price determination: Equilibrium means a state of equality or balance between market demand and supply. Prices where demand and supply are out of balance are called points of disequilibrium. Equilibrium price- Where planned demand equals planned supply. Price has three important functions in allocating resources in a market. Rationing- Prices serve to ration scarce resources when market demand outstrips supply. Signalling- Prices adjust to demonstrate where resources are required, and where they are not. Incentives- Price acts as an incentive for buyers and sellers-buyers and sellers behave rationally and will want to maximise utility. Allocation of recourses R-Rationing S-Signalling I-Incentive Producer and Consumer Surplus: Consumer surplus- is a measure of the welfare that people gain from consuming goods and services. Producer surplus is the difference between two price levels Midpoint= Allocative Efficient Price Elasticity of demand- The responsiveness of change in quantity demanded in relation to a change in price. What factors determine PED: Number of close substitutes for consumers Price of the product in relation to total income Cost of substituting between different products Brand loyalty and habitual consumption Degree of necessity/ luxury S-ubsitutes (number of close alternatives) P-ercentages of income L-uxary/ necessity A-addictive/ habit forming T-ime Elastic only irritates skin Elastic- Opposite, inelastic same Income Elasticity of Demand: Income Elasticity of Demand- The responsiveness of change in quantity demanded in relation to changes in income. YED Inferior v Normal good Example; Normal good- Fresh vegetables Inferior good- Tinned vegetables A normal good will always have a positive income elasticity because quantity demanded and income either both increase or both decrease. An inferior good, however will always have a negative elasticity because the signs on the top and bottom of the formula will always be opposite. Cross elasticity of demand (XED): Cross elasticity of demand measures the proportionate response of the quantity demanded of one good to the proportionate change in the price of another. For example, it is a measure of the extent to which demand for pork increases when the price of beef goes up. Substitutes: Substitutes are products in competitive demand. With substitutes, an increase in the price of one good (cetirus paribus) will lead to an increase in demand for a rival product. The value of XED for two substitutes is always positive. Complements: Complements are products in join demand A fall in price of one product causes an increase in demand for the complementary prod uct. The value of XED for two complements is always negative. XED <0 (negative) Complements >0 (positive) Substitutes 0 Unrelated goods Price elasticity of supply (PES): Definition- measures the proportional change in quantity supplied due to a proportional change in price. If supply is elastic, producers can increase their output without a rise in cost or a time delay. If supply is inelastic, firms find it hard to change their production in a time period. Factors determining PES: Time scale Spare capacity Level of stock Barriers to entry market Indirect and direct taxes: January Why does the government impose taxes on society- Governments put taxes on society for lots of different reasons. Firstly, taxes are a primary source of revenue to fund public services and infrastructure such as education, healthcare, defence, and public safety. Secondly, taxes are used to redistribute wealth and help with economic inequalities by collecting more from those with higher incomes and providing support to those in need. Difference between direct and indirect taxation- Direct Taxation: Definition: Direct taxes are directly on individuals and these taxes cannot be given to someone else. The person on who the tax is must pay it Examples: Income tax, corporate tax, property tax, and wealth tax are examples of direct taxes. Indirect Taxation: Definition: Indirect taxes are put on goods and services and the tax can be shifted from the person who pays the tax to someone else. The final consumer often has to pay the tax. Examples: Value Added Tax (VAT), goods and services tax (GST), excise duties, and customs duties are examples of indirect taxes. Difference between progressive, regressive and proportional taxes- Progressive Taxation: Definition: In a progressive tax system, the tax rate increases as the taxable income of an individual rises. Higher-income individuals pay a higher percentage of their income in taxes compared to lower-income individuals. Example: A progressive income tax might have different tax brackets, with higher rates applied to higher income levels. Regressive Taxation: Definition: In a regressive tax system, the tax falls disproportionately on lower-income individuals or households. As income increases, the percentage of income paid in taxes decreases. Example: Sales taxes are often seen as regressive because everyone pays the same rate on purchases regardless of their income, and this can represent a larger proportion of income for lower-income individuals. Proportional Taxation (Flat Tax): Definition: Proportional taxation, also known as a flat tax, imposes the same tax rate on all individuals or entities, regardless of their income. The tax burden is proportional to income, meaning everyone pays the same percentage of their income in taxes. Example: If there is a flat income tax rate of 10%, everyone, regardless of income level, pays 10% of their income in taxes. What is meant by a “Pigouvian tax”- A Pigouvian tax is put on things that cause problems for others, like pollution. The goal is to make the people and businesses doing these things think about the wider impact. By adding the extra cost of these problems to the price of things, Pigouvian taxes want to make sure that what people and businesses do is good for everyone. This way of doing things helps the economy work better and helps take care of the environment by stopping harmful actions and encouraging better choices for everyone. Indirect taxes and subsidies: Ad Valmore tax- Increases in proportion to the value of the base tax (the price of the good). Specific tax is tax that does not change with the value of the good, but the amount or volume purchased (a bottle of wine). Excise duties in the UK are indirect taxes levied on three major categories of goods- alcoholic drinks, Tobacco products and road fuels Indirect taxes and Elasticity: When demand is elastic (PED>1) the incidence of tax will be greater for a supplier than consumer. When demand is perfectly elastic (PED= infinity), the incidence will fall on suppliers. When demand is more inelastic (PED<1), the incidence of the tax paid by the consumer will be bigger and the incidence of tax on the producer will be smaller. When demand is perfectly inelastic (PED=0), the incidence will fall on consumers. Q-Question Using an example explain why the government imposes specific taxes on many goods and services. Answer-The government imposes specific takes on society to try reducing the amount of demand on these goods and services. An example of this could be the high tax on cigarettes. This could also be known as a Pigouvian tax the government do this to reduce the negative impacts on society. For example, smoking cigarettes links directly with bad health putting more pressure on the nhs. The more inelastic the more consumers are going to benefit the more elastic the more producers are going to benefit. Government subsidy- Is a form of financial support offered to producers and occasionally consumers. Subsidies to producers reduce the marginal cost of supply. Justifications for Subsidies: Helping poorer families with food and childcare costs Improved nutrition can lift labour productivity and reduced the burden on health services. Drawbacks of subsidies: Producers can be “subsidy dependent” Subsidy can distort resources allocation Environmental risks from excessive production Subsidies are difficult to remove Effects of subsidies: Subsidies increase output and lower prices for consumers which could help families on low and fixed incomes. (Reduces inequality) They could help boost demand during periods of economic decline. Market failure: Market failure is when the free market fails to allocate recourse to the best interests of society, leading to an inefficient allocation of scare recourses. Information failure- Occurs when people have inaccurate or incomplete data and so make potentially “wrong choices”. Long- term consequences- Information gaps about long term benefits of cots of assuming a product. Complexity- Information failure when a product is highly complex. Unbalanced knowledge- When the buyer may know or then the seller or vis versa. Price inforation- When consumers are unable to quickly/ cheaply find sufficient information on the best prices for different products. Asymmetric Information- This occurs when somebody knows more than somebody else in the market. Private and Social Costs/ Benefits: Private Costs: Definition: Private costs are the expenses or negative consequences incurred by an individual or a firm in producing or consuming a good or service. Example: If you decide to buy a car, the private costs will include the actual cost of the car, insurance, fuel, maintenance, etc. Private Benefits: Definition: Private benefits are the gains or positive outcomes experienced by an individual or a firm because of producing or consuming a good or service. Example: Continuing with the car example, the private benefits would include the convenience of transportation, the enjoyment of driving, and the satisfaction of owning a vehicle. External Costs: Definition: External costs are the negative side effects or expenses that result from an economic activity but are not borne by those directly involved in the activity. Example: If a factory pollutes a river while producing goods, the cost of cleaning up the pollution and its impact on the health of nearby residents are external costs because the factory and the consumers do not directly pay for these consequences. External Benefits: Definition: External benefits are the positive side effects or advantages that result from an economic activity but are not directly enjoyed by those involved in the activity. Example: Planting trees in a neighbourhood not only beautifies the area but also provides cleaner air for everyone. The improved air quality is an external benefit because individuals who didn't plant the trees still enjoy the positive impact. Marginal private cost (MCP)- Cost to the producing firm of producing an additional unit of output. Marginal social cost (MSC)- Total cost of society to producing an extra unit of output. (MSC=MPC+ MEC) Marginal private benefit (MPB)- Benefit to the consumer of consuming an additional unit of output. Marginal social benefit (MSB)- Total benefit to society from consuming an extra unit. (MSB=MPC+MEC) Deadweight= triangle-Deadweight loss is an unrecoverable cost to society. The key problem is that often, economic agents do not take account of the costs their decisions impose on others. The market fails to price negative externalities properly leading to a misallocation of recourses from a social perspective. When a tax is imposed the external costs are seen to be internalised between producer and consumer. Positive Externality: Definition: A positive externality occurs when the benefits of an economic activity spill over to third parties who are not directly involved in the activity. Example: Education is a classic example of a positive externality. When an individual gets educated, not only do they benefit by gaining knowledge and skills, but the society benefits from having a more educated and skilled workforce, leading to higher productivity and economic growth. Negative Externality: Definition: A negative externality occurs when the costs of an economic activity are imposed on third parties who are not directly involved in the activity. Example: Pollution is a common negative externality. When a factory releases pollutants into the air or water, it may harm the health of people living nearby or damage ecosystems. The costs of healthcare and environmental damage are borne by individuals and society, even though they are not involved in the production process. Social benefit= private benefit + external benefit Public goods: Non-excludability: Benefits derived from pure public good cannot be confined solely to those who have paid for it. Non-payers can enjoy the benefits of consumption at no financial cost to themselves- economists call this the “free rider” problem. Non-rival consumption: Each party's enjoyment of the good or service does not diminish others enjoyment- in other words the marginal cost of supplying public good to an extra person is zero. If a public good is supplied to one person, it is available to all. Private goods- Are rival and excludable, for example, a choclate bar can only be consumed by one consumer. Moreover, private property rights can be used to prevent others from consuming the good. Private Goods: Private goods are goods that are both rivalrous and excludable. Rivalrous: Consumption by one person reduces the amount available for others. For example, if you eat an apple, that apple is no longer available for someone else to eat. Excludable: It's possible to exclude people from using the good if they haven't paid for it. For example, if you buy a ticket to a movie, you can be excluded from watching the movie without a ticket. Examples of private goods include food, clothing, cars, and smartphones. Public Goods: Public goods are goods that are non-rivalrous and non-excludable. Non-rivalrous: Consumption by one person does not reduce the amount available for others. For example, if you enjoy the benefits of a streetlight, it doesn't diminish the light available for others. Non-excludable: It's difficult or impossible to exclude people from using the good, even if they haven't paid for it. For example, national defence protects everyone within a country's borders, regardless of whether they contribute to its funding. Examples of public goods include national defence, street lighting, public parks, and clean air. Quasi-public good, is a type of good that shares characteristics of both private and public goods. Quasi-public goods are excludable but not entirely rivalrous in consumption. This means that while access to the good can be restricted to those who pay for it, the consumption of the good by one individual does not significantly reduce its availability for others. Examples of quasi-public goods include highways, libraries, and cable television. The non-rival nature of consumption provides a strong case for the government rather to provide and pay for public goods. Examples of quasi-public goods: Many NHS hospitals and financed by a mix of state and private companies. Global public goods: Security from war The rule of law, property rights and contract enforcement Diseases Non use of nuclear weapons Public Goods and the Tragedy of the Commons- A term used in social science to describe a situation in a shared-resource system where individual users, acting independently according to their own self-interest, behave contrary to the common good of all users by depleting or spoiling that resource through their collective action. The tragedy of the commons is caused mainly by the lack of property rights meaning that the government/ community cannot protect the resource. Public goods recap: Non-rivalrous: Consumption by one person does not reduce the amount available for others. For example, if you enjoy the benefits of a streetlight, it doesn't diminish the light available for others. Non-excludable: It's difficult or impossible to exclude people from using the good, even if they haven't paid for it. For example, national defence protects everyone within a country's borders, regardless of whether they contribute to its funding. Examples of public goods include national defence, street lighting, public parks, and clean air. Non-rejectable: The collective supply of a public good for all means that it cannot be rejected by people, a good example is a nuclear defence system or flood defence projects. The reason on why services such as lighting and national defence need to be provided by the government is because people will not pay for these services. This is because they are non-rivalrous which means one Problems with Environmental Taxes: Assigning the right level of taxation: There are problems in setting the right tax so that the private cost will equal the social cost. Consumer welfare effects: Producers may pass on a tax to the consumer if the demand for good is inelastic. Effectiveness of a tax and unintended consequences: Effect of tax depend on the elasticity of demand Problems in setting the tax rate at the right level to archive aims. How much tax revenue is raised: Does an indirect tax generate substantial tax revenue. How is tax revenue used Consequences for equity: Who are the main winners and losers Dose a tax have a regressive impact on lower incomes Subsidies effective meeting their aims: Will they achieve desired stimulus Is subsidy sufficient Will subsidy affect productivity: Subsides for investment and research can bring positive spillover. Firms may be depended on state aid. Maximum price- This is a legally imposed maximum price (or price ceiling) in a market that suppliers cannot exceed. A maximum price is introduced to prevent prices rising above a certain level. March: A maximum price crates a shortage of Q1 to Q2 in the market meaning many consumers will not be able to access housing or food despite the lower prices as existing suppliers have now left the market or are simply not willing to supply at such a low price. Minimum prices: Some goods, such as cigarettes and alcohol have significant negative externalities. Arguments for a minimum price: Reduces negative externalities from heavy alcohol consumption Pubs may benefit from higher minimum prices in supermarkets Arguments against a minimum price: Minimum price is a tax on responsible drinkers. Regulation: Regulating negative externalities- Can be more effective is demand is unresponsive to price changes- Regulations can be gradually toughened each year (this will help stimulate capital investment) Disadvantage of regulation- High costs of enforcement- Regulation can lead to unwelcome unintended consequences. Trade Pollution Permits: Externalities caused by pollution can be reduced using trade pollution permits. (Firms are legally allowed to pollute but governments put a cap on how much they can pollute) Definition: Trade pollution permits is a system where companies can buy and sell permits that allow them to emit a certain amount of pollution, within an overall limit set by the government. Example: Imagine there are three factories in a city, each allowed to emit 100 units of pollution. The government sets a total cap of 300 units. Factory A finds a way to reduce its emissions and only needs 80 units, so it has 20 extra units. Factory B needs more permits because it's difficult for them to reduce pollution, so they buy 20 units from Factory A. Factory C, on the other hand, has outdated equipment and needs 120 units to operate, so it buys 20 units from Factory A and 20 units from Factory B. In this way, the total pollution stays within the limit, but each factory has flexibility in how they manage their emissions. Evaluation: Is it cost-effective? Compare the cost of reducing pollution through trading permits to other methods. Check if it encourages industries to find cheaper ways to reduce pollution. Is it fair for everyone? Make sure the costs and benefits are distributed fairly among different groups. Check if vulnerable communities are protected and decision-making is transparent. Effective enforcement may not be possible. Pollution is an international market failure that requires an international solution. State provision of Public Goods: Information failure: Information failure occurs because one party to a transaction does not have the information that is available to make a decision. Policies for addressing information failures Compulsory labelling on products (cigarettes). Improved nutritional information on food and drinks. Dangers of gambling addiction. Pollution permit Legally go to school until 16 Anti-competitive practices are illegal, such as collusion. (price fixing) Public choice theory Rent seeking What is meant by Government Failure: Government failure occurs when an intervention leads to a deeper market failure or even worse a new failure may arise Government failure can happen if a policy decision fails to create enough of an incentive to change people's actual behaviour. Examples of causes of government failure: Political self-interest (public choice theory) Regulatory capture Information gaps High enforcement/ compliance costs Policy myopia (short term) Damaging effects of red tape (excessive regulation)- inc barriers to market entry The law of Unintended Consequences: Examples: Bank bail outs- raises the problem of moral hazards (banks take excessive risk (2008 QE) Windfall Tax on North Sea oil and gas led to huge fall in investment and exploration- casing UK imports to rise.
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