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Sample%20exam%20paper

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This is intended as an illustration of how the exam paper will look THESE ARE ... (a) Would you deem the Uruguay Round Agreement on Agriculture a success? [ 8 marks] ... – PowerPoint PPT presentation

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Title: Sample%20exam%20paper


1
Sample exam paper
  • Economics of Food Markets
  • Alan Matthews

2
Caveats
  • This is intended as an illustration of how the
    exam paper will look THESE ARE NOT THE ACTUAL
    EXAM QUESTIONS
  • The questions asked do not necessarily take time
    into account, but are intended to give you a
    flavour of the topics you might be asked to
    address
  • It is clearly not comprehensive the course
    dealt with other issues as well
  • Questions can draw on material across a ragne of
    topics
  • The questions are multi-part you should allocate
    time according to the proportion of marks
    allocated to each question.

3
Example exam question- Ag policy objectives
  • (a) Explain the farm problem with the aid of a
    diagram. 8 marks
  • (b) Are average farm incomes in Ireland lower
    than non-farm incomes? Critically discuss the
    measurement issues in making this comparison 8
    marks
  • (c) Under what circumstances might
    multifunctionality justify support specifically
    to agricultural production. 9 marks

4
Example exam question- EU agricultural policy
  • (a) Is the Single Farm Payment truly a decoupled
    payment? 8 marks
  • (b) What will be the likely effects on Irish
    agriculture of the decoupling of direct payments?
    8 marks
  • (c) Will budget constraints force a review of the
    CAP before the end of the next Financial
    Perspective? 9 marks

5
Example exam question- price support policies
  • (a) Compare the welfare effects of supporting
    farm incomes through (i) an import tariff (ii) an
    import quota (iii) an input subsidy, assuming a
    small open economy 10 marks
  • (b) How are the welfare effects changed if the
    country is assumed to be large in world market
    terms? 8 marks
  • (c) Show how you would calculate the transfer
    efficiency of support for each of these three
    cases. 7 marks

6
Example exam question - world market effects of
ag policies
  • (a) Show how the world market price is determined
    in a model with two exporters and one importing
    region. Show the impact on the world market price
    if one of the exporters introduces an export
    subsidy. 10 marks
  • (b) Discuss the impact of OECD country
    agricultural policy reform on developing
    countries 15 marks

7
Example exam question- WTO negotiations
  • (a) Would you deem the Uruguay Round Agreement on
    Agriculture a success? 8 marks
  • (b) Identify the key negotiating issues in the
    Doha Round of agricultural trade negotiations
    under the three pillars of market access,
    domestic support and export competition 9 marks
  • (c) What are the main elements of special and
    differential treatment sought by developing
    countries in the Doha Round negotiations 8 marks

8
Example exam question- agriculture and
environment
  • (a) Critically evaluate the state of European
    agri-environment policy 12 marks
  • (b) Discuss the policy options available to
    control non-point sources of pollution such as
    characterise agricultures impact on water
    quality 13 marks

9
Example exam question- market power in the food
chain
  • (a) What in your view are the main structural
    changes at work in the food chain? 8 marks
  • (b) How can market power in the food chain be
    measured? 8 marks
  • (c) Critically discuss ways in which market power
    in the food chain might be controlled? 9 marks

10
Example exam question- food safety
  • (a) Discuss what is meant by efficiency in food
    regulation. 10 marks
  • (b) Does the SPS Agreement allow governments
    adequate scope to protect their consumers from
    food safety threats from third countries? 15
    marks

11
Example exam paper- computational question
  • Question will ask you how to calibrate, solve and
    simulate a simple algebraic market model
  • Given elasticities, be able to calibrate
  • Be able to sum excess supply and demand curves
  • Be able to calculate equilibrium price and
    quantities
  • Be able to shock the model with a policy change
  • Be able to compute the changes in producer,
    consumer and taxpayer welfare.
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