Published by Pearson Higher Education (March 5, 2015) © 2015

John Penson | Oral Capps | C. Rosson | Richard Woodward
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    ISBN-13: 9781292073118

    Introduction to Agricultural Economics, Global Edition ,6th edition

    Language: English

    For courses in Introduction to Agricultural or Applied Economics

     

    Introduction to Agricultural Economics provides students with a systematic introduction to the basic economic concepts and issues impacting the U.S. food and fiber industry and offers strong coverage of macroeconomic theory and international trade.

     

    Teaching and Learning Experience:

    Strong coverage of macroeconomics, the role of government, and international agricultural trade: The coverage of macroeconomics and agricultural programs and policies allows students to further understand the domestic market economy.

     

    Building block approach: Discusses individual consumer and producer decision-making, market equilibrium and economic welfare conditions, government intervention in agriculture, macroeconomic policy, and international trade.

     

    Extensive chapter review: Each chapter contains an extensive list of questions designed to test student comprehension of the material covered.

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    • Part One: Introduction
    • 1.    What is Agricultural Economics?
    • 2.    The U.S. Food and Fiber Industry
    •  
    • Part Two: Understanding Consumer Behavior
    • 3.    Theory of Consumer Behavior
    • 4.    Consumer Equilibrium and Market Demand
    • 5.    Measurement and Interpretation of Elasticities
    •  
    • Part Three: Business Behavior and Market Equilibrium
    • 6.    Introduction to Production and Resource Use
    • 7.    Economics of Input and Product Substitution
    • 8.    Market Equilibrium and Product Price: Perfect Competition
    • 9.    Market Equilibrium and Product Price: Imperfect Competition
    •  
    • Part Four: Government in the Food and Fiber Industry
    • 10.  Natural Resources, the Environment, and Agriculture
    • 11.  Government Intervention in Agriculture
    •  
    • Part Five: Macroeconomics of Agriculture
    • 12.  Product Markets and National Output
    • 13.  Macroeconomic Policy Fundamentals
    • 14.  Consequences of Business Fluctuations
    • 15.  Macroeconomic Policy and Agriculture
    •  
    • Past Six: International Agricultural Trade
    • 16.  Agricultural Trade and Exchange Rates
    • 17.  Why Nations Trade
    • 18.  Agricultural Trade Policy and Preferential Trading Arrangements
    • Glossary
    • Index