Introduction to Agricultural Economics

Introduction to Agricultural Economics

3.44 (9 ratings by Goodreads)
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Description

This work provide students with a systematic introduction to the basic concepts and issues in economics as they relate to the US food and fibre industry. The coverage traces the major microeconomic and macroeconomic forces influencing the decisions of producers and consumers of food and fibre products.show more

Product details

  • Hardback | 512 pages
  • 185.42 x 243.84 x 27.94mm | 929.86g
  • Pearson Education (US)
  • Upper Saddle River, United States
  • Illustrations, maps
  • 013102468X
  • 9780131024687

Table of contents

I. INTRODUCTION. What is Agricultural Economics? The US Food and Fibre System. II. UNDERSTANDING CONSUMER BEHAVIOR. Theory of Consumer Behaviour. Consumer Equilibrium and Market Demand. Measurement and Interpretation of Elasticities. III. BUSINESS BEHAVIOUR AND MARKET EQUILIBRIUM. Assessing Business Performance. Introduction to Production and Resource Use. Economics of Input Substitution. Economics of Product Substitution. Market Equilibrium and Product Price: Perfect Competition. Market Equilibrium and Product Price: Imperfect Competition. IV. GOVERNMENT IN THE FOOD AND FIBRE INDUSTRY. Government Intervention in Agriculture. Supporting Farm Prices and Incomes. V. MACROECONOMICS OF AGRICULTURE. Product Markets and National Output. Consequences of Business Fluctuations. Money, Money Markets and Monetary Policy. Fiscal Policy and Budget Deficits. Macroeconomic Policy and Agriculture. VI. INTERNATIONAL AGRICULTURAL TRADE. Agriculture and International Trade. Exchange Rates and Agricultural Trade. Why Nations Trade. Agricultural Trade Policy. Emerging Issues in Agricultural Trade: The Formation of Preferential Trading Arrangements.show more

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