Introduction to Agricultural Economics
Known for its strong coverage of macroeconomic theory and international trade, this book provides readers with a systematic introduction to the basic economic concepts and issues impacting the U.S. food and fiber industry. Using a building block approach, the authors discuss individual consumer and producer decision-making, market equilibrium and economic welfare conditions, government intervention in agriculture, macroeconomic policy and international trade. This new edition provides...
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Known for its strong coverage of macroeconomic theory and international trade, this book provides readers with a systematic introduction to the basic economic concepts and issues impacting the U.S. food and fiber industry. Using a building block approach, the authors discuss individual consumer and producer decision-making, market equilibrium and economic welfare conditions, government intervention in agriculture, macroeconomic policy and international trade. This new edition provides examples not only from the farm, but also throughout the entire food and fiber industry and features updated chapters on natural resources and the government’s role in agriculture. Some additional new features include: Enhanced coverage of natural resource issues Revised chapter on the government’s role in agriculture. Expanded and Updated! Testing Your Economic quotient sectionsThis is a perfect resource for anyone interested in agriculture.
PART 1 IntroductionChapter 1 What is Agricultural Economics?Chapter 2 The US Food and Fiber IndustryPART 2 Understanding Consumer BehaviorChapter 3 Theory of Consumer BehaviorChapter 4 Consumer Equilibrium and Market DemandChapter 5 Measurement and Interpretation of ElasticitiesPART 3 Business Behavior and Market EquilibriumChapter 6 Introduction to Production and Resource UseChapter 7 Economics of Input and Product SubstitutionChapter 8 Market Equilibirium and Product Price: Perfect CompetitionChapter 9 Market Equilibirium and Product Price: Imperfect CompetitionPART 4 Government in the Food and Fiber IndustryChapter 10 Natural Resources, the Environment, and AgricultureChapter 11 Government Intervention in AgriculturePART 5 Macroeconomics of AgricultureChapter 12 Product Markets and National OutputChapter 13 Macroeconomic Policy FundamentalsChapter 14 Consequences of Business FluctuationsChapter 15 Macroeconomic Policy and AgriculturePART 6 International Agriculture TradeChapter 16 Agriculture and International TradeChapter 17 Exchange Rates and Agricultural TradeChapter 18 Why Nations TradeChapter 19 Agricultural Trade Policy and Preferential Trading ArrangementsGlossaryIndex
