Introduction to Agricultural Economics - Hardcover

Penson, John B.; Capps Jr., Oral T.; Rosson III, C. Parr

3.38

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9780130195722: Introduction to Agricultural Economics

Hardcover

ISBN 10: 0130195723 ISBN 13: 9780130195722

Publisher: Pearson, 2001

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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 today.

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From the Back Cover:

Providing integrated coverage of microeconomics, sector performance, macroeconomics, and international trade, Introduction to Agricultural Economics, third edition is still the best book on the market today. Written by experts, this text build's the reader's understanding of decisions made by consumers and producers of food and fiber products.

Features of the new edition include:

Covers the FAIR Act now governing farm commodity policy.
Discusses the changing nature of legislation governing international trade and issues related to agriculture as we approach the next round of WTO legislation.
Comprehensive coverage of consumer demand, including an entire chapter on key elasticity concepts.
Develops the market supply curve through coverage of the theory of the firm and its reactions to input prices and product prices.

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