Topic 4: Marketing Margins and Market Power
1. Define and describe different types of marketing margins.
2. Explain Gardner's contribution to marketing margin analysis and the main conclusions of his study.
3. Explain the causes of changes in marketing margins.
4. Use the model of marketing margin behavior to explain the incidence of changes in marketing margins under different assumptions about relative price elasticities of demand and supply.
5. Explain the concept of price transmission and factors that influence the nature of price adjustment.

Topic 7: Spatial Price Variability
1. Explain the principles that underlie price differences between geographical regions.
2. Show how a market boundary can be determined and explain how the boundary will shift if prices or transfer costs change.
3. Use spatial equilibrium models to demonstrate the general principles in developing the pattern of trade between regions.
4. Use spatial equilibrium models to examine the impacts of trade barriers on prices and trade between regions.

Topic 9.1: Mechanisms for Discovering Prices
1. Explain the historical role played in Australian agriculture by co-operatives and marketing boards.
2. Explain the fundamental differences between the cooperatives and marketing boards.
3. Illustrate and explain the incentive for collective action.
4. Explain the underlying problem experienced by voluntary co-operatives in trying to increase producer returns.
5. Discuss reasons why the more general picture in Australian history is one of co-operative failure

Topic 9.2
1. Illustrate and explain the welfare analytics of various forms of government intervention in pricing agricultural products
2. Illustrate and explain the concepts of trade creation and trade diversion

Topic 9.3
1. Explain the differences between forward selling and futures market contracts
2. Understand the different roles of futures market traders
3. Demonstrate hedging concepts with increasing and decreasing prices

Attachment:- New WinRAR archive.rar