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Introduction to Agricultural Economics, 7th Edition
ISBN: 9780134602820
Introduction to Agricultural Economics, 7th Edition, is a comprehensive textbook designed for students and educators in the field of agricultural economics. This book is a go-to resource for understanding the economic aspects of agriculture, making it a valuable tool for anyone interested in the subject.
Who Uses It?
Primarily, this book is used by students and instructors in introductory agricultural economics courses at the college and university levels. It's also a useful resource for professionals in agriculture, policymakers, and anyone looking to understand the economic principles that govern agricultural practices.
History and Editions
The 7th edition of Introduction to Agricultural Economics has been updated to address current trends and research in agricultural economics. This edition includes detailed updates on economic theories, policy analysis, and environmental impacts on agriculture. It also includes a wealth of examples with conceptual explanations, building a strong foundation in the material before asking students to apply what they've learned.
Author and Other Works
The authors of Introduction to Agricultural Economics are John Penson, Oral Capps Jr., C. Parr Rosson III, and Richard T. Woodward. These authors are renowned for their expertise in agricultural economics and have written several books on related topics. Their writing style is clear and concise, making complex economic concepts accessible to students.
Key Features
ISBNs and Formats
Publication Details
Other Editions and Formats
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This detailed information section provides a quick reference for all the available formats and sources for Introduction to Agricultural Economics, 7th Edition, making it easier to find and access the book in the preferred format.
John B. Penson, Jr., holds the titles of Regents Professor and Stiles Endowed Professor of Agriculture in the Department of Agricultural Economics at Texas A&M University. He is also a senior scientist with the Norman Borlaug Institute for International Agriculture. Penson received a Ph.D. degree in agricultural economics from the University of Illinois. Penson has taught courses in Korea, Japan, Guatemala, Nicaragua, and Ecuador. His research has focused on the macroeconomics of agriculture and portfolio credit risk analysis. He has also conducted research in the Middle East and Eurasia.
Oral Capps, Jr., holds the titles of Executive Professor and Regents Professor in the Department of Agricultural Economics at Texas A&M University. He is a certified business economist and co-director of the Agribusiness, Food and Consumer Economics Research Center at Texas A&M University. He is also holder of the Southwest Dairy Marketing Endowed Chair. He received a Ph.D. in agricultural economics from Virginia Tech. He has received numerous teaching and research awards and is recognized internationally for his research in demand and price analysis.
C. Parr Rosson III is Professor and Department Head of the Agricultural Economics Department at Texas A&M University. He received his Ph.D. in agricultural economics from Texas A&M University. Rosson works in the areas of international trade and international marketing. He currently chairs the Education Committee of the Texas—Cuba Trade Alliance. He served on the Grains, Feed, Oilseeds and Planting Seeds Agricultural Trade Advisory Committee for the U.S. Trade Representative and U.S. Department of Agriculture from 2001 to 2015. He has conducted projects in Latin America, the Middle East, and Asia.
Richard T. Woodward is Professor in the Department of Agricultural Economics at Texas A&M University. His research is in the general area of environmental and resource economics. His recent research projects have focused on the use of transferable permits to address water quality and fishery challenges and problems of choice under uncertainty.
Part I: Introduction
1. What is Agricultural Economics?
2. The U.S. Food and Fiber Industry
Part II: Understanding Consumer Behavior
3. Theory of Consumer Behavior
4. Consumer Equilibrium and Market Demand
5. Measurement and Interpretation of Elasticities
Part II: Business Behavior and Market Equilibrium
6. Introduction to Production and Resource Use
7. Economics of Input and Product Substitution
8. Market Equilibrium and Product Price: Perfect Competition
9. Market Equilibrium and Product Price: Imperfect Competition
Part IV: Government in the Food and Fiber Industry
10. Natural Resources, the Environment, and Agriculture
11. Government Intervention in Agriculture
Part V: Macroeconomics of Agriculture
12. Product Markets and National Output
13. Macroeconomic Policy Fundamentals
14. Consequences of Business Fluctuations
15. Macroeconomic Policy and Agriculture
Part VI: International Agricultural Trade
16. Agricultural Trade and Exchange Rates
17. Why Nations Trade
18. Agricultural Trade Policy and Preferential Trading Arrangements
Glossary
Index
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