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Sample exam paper Economics of Food Markets Alan Matthews.

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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 agriculture’s 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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