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Economics at the Movies - Black Gold
24th October 2010
Black Gold is a remarkable film about the global market for coffee. In one striking scene we see the imbalance of market power between the coffee growers and the major coffee buyers including multinational roasting businesses. A vivid way of illustrating monopsony power in a market and a clip that lends easily to discussion about how coffee growers might work collectively to improve their prices and incomes. Black Gold is a fantastic documentary to show when teaching commodities markets and globalisation.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.