Agricultural Economics

Agricultural Economics

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For one-semester introductory course in agricultural and environmental economics intended for the non-major.This innovative text provides a broad view of the food system, with its emphasis on the links among financial institutions, the macro economy, world markets, government programs, farms, agribusinesses, food marketing, and the environment. It illustrates the six economic concepts which form the foundation of the economist's decision making process including supply and demand, opportunity cost, diminishing returns, marginality, measuring costs and returns, and the externalities of transactions. Presented in a non-threatening conceptual framework, the material covered in this text maintains a strong attachment to the application of agricultural economics to the real world.
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Product details

  • Hardback | 436 pages
  • 205.74 x 254 x 22.86mm | 884.5g
  • Pearson
  • United States
  • English
  • 0130846554
  • 9780130846556

Table of contents

1. Introduction to Agricultural Economics. 2. Introduction to Market Price Determination. 3. Financial Markets. 4. Money and Financial Intermediaries. 5. Monetary Policy. 6. The Circular Flow of Income. 7. Fiscal Policy. 8. International Trade. 9. Agricultural Policy. 10. The Firm as a Production Unit. 11. Costs and Optimal Output Levels. 12. Firm Supply and the Market. 13. Imperfect Competition and Government Regulation. 14. Theory of Consumer Behavior. 15. The Concept of Elasticity. 16. Food Marketing: From Stable to Table. 17. Futures Markets. 18. Farm Service Sector. 19. Investment Analysis. 20. Environmental Policy and Market Failure. 21. The Malthusian Dilemma. 22. Economic Development and Food. Glossary. Index.
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