Module 4 is intended to enable you to:
1. Discuss effects of policy instruments, in qualitative terms, on: prices and quantities at the producer and consumer levels; marketing margin; quantities traded; and government expenditure or income.2. Demonstrate proficiency in solving numerical questions related to equivalent domestic and border policy instruments and the effects of state agencies.
3. Explain the rationale for using border price as a point of reference for determining the degree to which current policy instruments have been applied.
4. Explain the terms "nominal rate of protection)' and "nominal protection coefficients" and solve numerical problems on nominal protection coefficients.
5. Describe methods for determining quantitative effects of current market price and trade policies at consumer, producer and national levels and solve related numerical exercises.
6. Discuss the justification for government interference with price.
7. Describe implementation problems associated with market price and trade policies.
