Introduction to Agricultural Economics - Hardcover

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

Hardcover

ISBN 10: 013117312X ISBN 13: 9780131173125

Publisher: Pearson, 2005

Synopsis

Known for its strong coverage of macroeconomic theory and international trade, 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. 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 continues to take a broad perspective–providing examples not only from the farm, but also throughout the entire food and fiber industry–and features a new chapter on natural resources, an updated design, and margin notes throughout.

About this title

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.

About this edition

• Publisher: Pearson
• Publication date: 2005
• ISBN 10: 013117312X
• ISBN 13: 9780131173125
• Binding: Hardcover
• Edition number: 4
• Number of pages: 512