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

Nuclear power accidentsa negative externality of the nuclear power

industry

Research question

What are the possible economics consequences of a nuclear power station

accident?

The result of such a disaster can affect a huge territory and people engaged in

business

Thesis statement

Outline

Definition

Description of the industry

Examples:

Chernobyl

Fukushima

Aftermath

Conclusion

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

Three big disasters

Three mile island

1979

Chernobyl

1986

Fukushima

2011

Nuclear power station

Was built in 1977

First in Ukraine

Expected power should be enough for whole

old USSR

What is Chernobyl?

2161km2

State Radiation Ecological

Reserve of Polesye

Fukushima Daiichi nuclear disaster

How the radiation was expanding

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