Fisheries Economics & Policy: Maximum Economic Yield

This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. This video covers maximum economic yield in fishing and fishing quotas. We'll compare growth rates and fish populations and look at where on the growth curve the population reaches sustainability. We'll also introduce the concepts of fishing effort, economic rent and maximum sustainable yields.

[tbz]

ah man, life saver. never managed to completely grasp this concept when its explained by "boring" lecturers

[ChoTheGrey]

Exam in 5 hours....feeling confident cause of you, thank you!

[unlimitedpower]

These videos are outstanding. One of the challenges of economics as it relates to the general public is that they don't understand it. Economics does not have what physics has in, for example, Neil Degrasse Tyson who makes physics and astronomy a far more approachable topic for the public. These videos bring a similar, simplified yet thorough approach. High praise to you, sir.

[technogandhi]

Best line.. "Pffftt.. scientists, with their math and their hipster glasses.."

[selinsaki]

Never thought I could find such well-explained videos when I came across Individual Tradable Quotas topic in Microeconomics. Thanks a lot. <3

[channahpi]

My professor recommended us this video. I'm happy, that I watched it! Thank you!

[ohwowcoolvideoz]

these are absolutely amazing. you saved my fisheries exam grade. thank you <3

[petragonzalez]

You are genius. Period. Wow, What a class act!

[ahmedmeeran]

Man that was brilliant! Awesome video and crisp explanation. Much appreciated !

[xLucaax]

This video was great! I had fun in watching this video and it is all clear to me now! Thank you.

[Imaniconnie]

Thank you soooo much for this! Totally cleared up a lot of concepts surrounding MSY. One suggestion: instead of lumping women into 'fishermen' replace the noun with 'fisherpeople.' Much appreciated by us women.
Thanks again for the great, colorful explanation, I'm marginally more confident for my econ exam!

[spikemanra]

@9:58 I'd also like to point out that the cost won't stay the same! The fuel and crew's pay might just increase linearly, but engines have service intervals, equipment might need more repair and consequently the ship's efficiency might fall as the same job is attempted being done in less optimal conditions. The conditions onboard might also suffer; Just look at the difference in maintenance between some Faroese vessels that fish year round versus their Norwegian/Danish counterparts with less quotas. Not saying one type of management is better or worse, they are just different approaches to different economic realities.

[franciscocognigni]

Absolutley awsome, this video is by far the best thing that happened to me while studying this subject. Thank you very much, greetings from Argentina!

[yannickdebruyn]

Thank you, this is a really good alternative. I think i wasted a lot of time trying to understand it from my books.

[cheriew]

these videos are amazing thank you so much!!! reasoning is clear and intuitive and the pace is just right :)

[ratpyramid]

This just make much sense! It's amazing.

[bangitem]

terima kasih ada video ini, bisa membantu kami melihat tingkat degradasi suatu danau, sehingga bisa mengambil langkah restocking sesuai dengan kebutuhan

[Sophiec]

This is fantastically explained. Great video

[chanakyasinha]

Fishes popping up on graphs are satisfying

[howcanhowler]

i bet 99% of the viewers are university students who cant understand their economics lecturers so they had to youtube the concepts hahahahahahahhahahaha. Definitely me. I understood more from this video than I did spending hours reading 52 pages from the textbook that was given to us in the first 2 weeks