Principles of Agricultural Economics By Andrew Barkley, Paul W. Barkley
Introduction
This book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, natural resources, and other sectors. The result is an agricultural economics textbook that provides students and instructors with a clear, up-to-date, and straightforward approach to learning how a market-based economy functions, and how to use simple economic principles for improved decision making.
While the primary focus of the book is on microeconomic aspects, agricultural economics has expanded over recent decades to include issues of macroeconomics, international trade, agribusiness, environmental economics, natural resources, and international development. Hence, these topics are also provided with significant coverage.
Major Chapters Covered
1. Introduction to the Economics of Agriculture
2. The Economics of Production
3. The Costs of Production
4. Profit Maximization
5. Optimal Input Selection
6. Optimal Output Selection
7. Consumer Choices
8. Supply
9. Demand
10. Markets
11. Government Policies
12. The Competitive Firm
13. Market Power
14. Agriculture and the Global Economy
15. Economics, Agriculture, and the Environment
16. Agribusiness Management
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