Module 3 is intended to enable you to:
1. List and describe major livestock production systems in Africa in terms of their market integration, basic economic relationships within a farming system and policy entry points at the farm level.
2. Discuss the use of input-output tables in characterising production systems. This should include drawing an input-output table using hypothetical data.
3. Name two indicators to evaluate the performance of a production system and demonstrate how these indicators can be computed from a given input-output table.
4. Recall two main types of price-production responses and discuss three adjustment mechanisms to increase agricultural production under positive price-production response.
5. Given hypothetical data from a case study, demonstrate proficiency in working out responses in farm production and farm income to price changes.
6. Discuss three key propositions of the economic theory of consumption.
7. Describe the distinguishing consumption characteristics of producing households and non-producing households.
8. Discuss the nature of market supply response to price signals in different production systems. This should include both individual and aggregate supply responses.
9. Describe the relationship of price with supply, demand and market equilibrium. Explain relevant concepts.
10. Describe techniques for forecasting future production and consumption of a particular product.
