Introduction to Agricultural Economics, 7th edition

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

Introduction to Agricultural Economics

ISBN-13:  9780134602820

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$154.66 $193.32
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$154.66 $193.32

What's included

  • Hardcover

    You'll get a bound printed text.


For courses in Introduction to Agricultural or Applied Economics


Introduction to Agricultural Economics, 7/e, 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.

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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Published by Pearson (March 22nd 2017) - Copyright © 2018