Introduction to Agricultural Economics, 7th edition

  • John B. Penson, 
  • Oral Capps, 
  • C Parr Rosson, 
  • Richard T. Woodward

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Introduction to Agricultural Economics is your guide to the basic economic concepts and issues influencing the U.S. food and fiber industry. You’ll gain an understanding of domestic consumers and overseas markets via coverage of micro and macroeconomic theory, the role of government, and international trade policies.

Published by Pearson (July 14th 2021) - Copyright © 2018

ISBN-13: 9780137504787

Subject: Agriculture

Category: Introduction to Agricultural Economics

Table of contents

Part I: Introduction

1. What is Agricultural Economics?
2. The U.S. Food and Fiber Industry

Part II: Understanding Consumer Behavior

3. Theory of Consumer Behavior
4. Consumer Equilibrium and Market Demand
5. Measurement and Interpretation of Elasticities

Part II: 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 IV: Government in the Food and Fiber Industry

10. Natural Resources, the Environment, and Agriculture
11. Government Intervention in Agriculture

Part V: Macroeconomics of Agriculture

12. Product Markets and National Output
13. Macroeconomic Policy Fundamentals
14. Consequences of Business Fluctuations
15. Macroeconomic Policy and Agriculture

Part VI: International Agricultural Trade

16. Agricultural Trade and Exchange Rates
17. Why Nations Trade
18. Agricultural Trade Policy and Preferential Trading Arrangements


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