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Introduction to Agricultural Economics, CourseSmart eTextbook, 5th Edition

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

Published by Prentice Hall

Published Date: Jun 9, 2009

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For courses in Introduction to Agricultural or Applied Economics.


Known for its strong coverage of macroeconomic theory and international trade, this text 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 provides examples not only from the farm, but also throughout the entire food and fiber industry and features updated chapters on natural resources and the government’s role in agriculture.

Table of Contents

PART 1   Introduction

Chapter 1    What is Agricultural Economics?

Chapter 2    The US Food and Fiber Industry


PART 2    Understanding Consumer Behavior

Chapter 3    Theory of Consumer Behavior

Chapter 4    Consumer Equilibrium and Market Demand

Chapter 5    Measurement and Interpretation of Elasticities


PART 3    Business Behavior and Market Equilibrium

Chapter 6    Introduction to Production and Resource Use

Chapter 7    Economics of Input and Product Substitution

Chapter 8    Market Equilibirium and Product Price: Perfect Competition

Chapter 9    Market Equilibirium and Product Price: Imperfect Competition


PART 4    Government in the Food and Fiber Industry

Chapter 10    Natural Resources, the Environment, and Agriculture

Chapter 11    Government Intervention in Agriculture


PART 5    Macroeconomics of Agriculture

Chapter 12    Product Markets and National Output

Chapter 13    Macroeconomic Policy Fundamentals

Chapter 14    Consequences of Business Fluctuations

Chapter 15    Macroeconomic Policy and Agriculture


PART 6    International Agriculture Trade

Chapter 16    Agriculture and International Trade

Chapter 17    Exchange Rates and Agricultural Trade

Chapter 18    Why Nations Trade

Chapter 19    Agricultural Trade Policy and Preferential Trading Arrangements




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Introduction to Agricultural Economics, CourseSmart eTextbook, 5th Edition
Format: Safari Book

$75.99 | ISBN-13: 978-0-13-507045-1