Introduction to agricultural economics /
John B. Penson, Jr. [and three others].
- Sixth edition.
- England : Pearson Education Limited, 2015.
- 428 pages : illustrations (colored) ; 28 cm.
Includes bibliographical references and index.
Includes bibliographical references and index.
What is agricultural economics? -- The U.S. food and fiber industry -- Theory of consumer behavior -- Consumer equilibrium and market demand -- Measurement and interpretation of elasticities -- Introduction to production and resource use -- Economics of input and product substitution -- Market equilibrium and product price: perfect competition -- Market equilibrium and product price: imperfect competition -- Natural resources, the environment, and agriculture -- Government intervention in agriculture -- Product markets and national output -- Macroeconomic policy fundamentals -- Consequences of business fluctuations -- Macroeconomic policy and agriculture -- Agricultural trade and exchange rates -- Why nations trade -- Agricultural trade policy and preferential trading arrangements.