Table of Contents:
- pt. 1. Introduction
- What is agricultural economics?
- The U.S. food and fiber industry
- pt. 2. Understanding consumer behavior
- Theory of consumer behavior
- Consumer equilibrium and market demand
- Measurement and interpretation of elasticities
- pt. 3. Business behavior and market equilibrium
- 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
- pt. 4. Government in the food and fiber industry
- Natural resources, the environment, and agriculture
- Government intervention in agriculture
- pt. 5. Macroeconomics of agriculture
- Product markets and national output
- Macroeconomic policy fundamentals
- Consequences of business fluctuations
- Macroeconomic policy and agriculture
- pt. 6. International agricultural trade
- Agricultural trade and exchange rates
- Why nations trade
- Agricultural trade policy and preferential trading arrangements.