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Exam GAFM 2025
1. Interpret graphs of US corn ES, RXCA, RMP, RTA, each graph 5 points, 20 points total → tatic?
2. Explain TRQ administration methods, their advantages and disadvantages. Historical allocation/precedent, Auctioning, first come first served. -20 points → simmons?
3. Draw a graph on World trade something like this - 20 points - simmons?
a) explain step by step how would you define quantity to import/export? b) draw - equilibrium price (on world trade graph) - quantity of import and export - smth - smth c) draw effects of subsidies on country B
4. Welfare analysis, autokey (?) scenario - 20 points → hartmann? a) using one of methods define net changes b) something else, interpet the graph i think
5. Explain - 12 points → lemken a) 4 reasons why farms sector is perfect competition according to neoclassical ecnomical theory b) 2 things why farms according to theory of graph (some theory related to competition intensity)
6. 5 types of costs in integration (?) - 8 points → lemken

After a successful completion of the course, the students… - can describe key European and global agricultural and food markets. - can explain the impact of interdependencies between agricultural and food markets. - are able to analyse developments on agricultural and food markets based on economic theories. - can describe the basic framework for international trade provided by the WTO. - can explain the relevance, the international framework of NTB in agricultural and food markets. ​- are able to evaluate the welfare effects of NTB under different assumptions. - comprehend the difference between private and public standards in world agricultural and food markets. - can explain and structure relevant actors of international agricultural and food markets. ​- can explain the need for coordination within food value chains depending on product and value chain characteristics. - can evaluate results of agricultural models. - are able to combine insights generated in class to a specific case and present/ discuss in class.
Learning content: - Supply, demand, trade of major food markets (European/global) - Interdependencies between agricultural and food markets - Legal framework for international markets - Private versus public standards in agricultural and food markets - Relevance and evaluation of Non-Tariff Trade Barriers in agicultural and food markets - Relevant actors on agricultural and food markets - Spatial and enterprise concentration in the agricultural up- and downstream sector - Basics of modelling agricultural markets
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**Your Project Work**
Needs to be related to agricultural and food markets, e.g. - Role of private versus public standards in international food markets - The impact of multinationals on agricultural and food markets - Food security and trade - Impact of EU Biofuel Policies on global agricultural markets - Institutional setting, developments and challenges in the world coffee market - Impact of COVID-19 on food markets - …
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