ECON 2Q03 Lecture Notes - Lecture 3: Food Engineering, Asteroid Family, Externality

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Rates of obesity in 2010 varied more than 5 fold. Health concerns: diabetes, heart disease, high blood pressure, respiratory disease. Interview with jerry hurley- causes of obesity- an economic analysis . Factors affecting obesity (1) change in price of food relative to other things we buy. The change of energy dense foods (high calorie) has been rising more slowly than healthy food (like vegetables), thus people will shift towards the high calorie dense food which causes people to gain weight. The price of a calorie has fallen (2) how we process food (technology) Time price- how much time does it take to prepare a meal to eat. When we grocery shop we buy a lot of food that has already been processed because it saves time (all we need to do is microwave the dinner). Increase in consumption of snacks (that has been the most affected by this revolution of production of food). (3) food engineering.

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