Introduction to Agricultural Economics

Introduction to Agricultural Economics

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For Introduction to Agricultural Economics courses at the freshman/sophomore undergraduate level.This jargon-free text provides beginning agriculture students with a readable, systematic understanding of the basic concepts and issues in economics as they relate to the food and fiber industry-a major segment of the U.S. economy. Covering the entire scope of key economic principles and their application to the food and fiber system, it traces major microeconomic, macroeconomic, and global forces influencing the decisions of producers and consumers of food and fiber products, and focuses on the leading problems and issues confronting this important industry more

Product details

  • Hardback | 580 pages
  • 172.7 x 236.2 x 27.9mm | 907.2g
  • Pearson Education (US)
  • Pearson
  • United States
  • 3rd edition
  • 0130195723
  • 9780130195722

Table of contents

I. INTRODUCTION. 1. What Is Agricultural Economics? 2. The U.S. Food and Fiber Industry. II. UNDERSTANDING CONSUMER BEHAVIOR. 3. Theory of Consumer Behavior. 4. Consumer Equilibrium and Market Demand. 5. Measurement and Interpretation of Elasticities. III. BUSINESS BEHAVIOR AND MARKET EQUILIBRIUM. 6. Assessing Business Performance. 7. Introduction to Production and Resource Use. 8. Economics of Input Substitution. 9. Economics of Product Substitution. 10. Market Equilibrium and Product Price: Perfect Competition. 11. Market Equilibrium and Product Price: Imperfect Competition. IV. GOVERNMENT IN THE FOOD AND FIBER INDUSTRY. 12. Government Intervention in Agriculture. 13. Supporting Farm Prices and Incomes. V. MACROECONOMICS OF AGRICULTURE. 14. Product Markets and National Output. 15. Consequences of Business Fluctuations. 16. Money, Money Markets, and Monetary Policy. 17. Fiscal Policy and Budget Deficits. 18. Macroeconomic Policy and Agriculture. VI. INTERNATIONAL AGRICULTURAL TRADE. 19. Agriculture and International Trade. 20. Exchange Rates and Agricultural Trade. 21. Why Nations Trade. 22. Agricultural Trade Policy. 23. Emerging Issues in Agricultural Trade: The Formation of Preferential Trading more

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