TY - BOOK AU - Penson,John B. AU - Penson,John B. TI - Introduction to agricultural economics SN - 013117312X U1 - 338.1 PY - 2006/// CY - Upper Saddle River, N.J. PB - Pearson/Prentice Hall KW - Agriculture N1 - Rev. ed. of: Introduction to agricultural economics / John B. Penson, Jr. 3rd ed. c2002; Included Index; What is agricultural economics? -- The U.S. food and fiber industry -- Understanding consumer behavior -- Theory of consumer behavior -- Consumer equilibrium and market demand -- Measurement and interpretation of elasticities -- 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 -- Government in the food and fiber industry -- Natural resources, the environment, and agriculture -- Government intervention in agriculture -- Macroeconomics of agriculture -- Product markets and national output -- Macroeconomics policy fundamentals -- Consequences of business fluctuations -- Macroeconomic policy and agriculture -- International agricultural trade -- Agriculture and international trade -- Exchange rates and agricultural trade -- Why nations trade -- Agricultural trade policy and perferential trading arrangements N2 - Introduction to Agricultural Economics, Sixth Edition, provides readers with a systematic introduction to the basic economic concepts and issues impacting the U.S. food and fiber industry and offers strong coverage of macroeconomic theory and international trade. Teaching and Learning Experience: Strong coverage of macroeconomics, the role of government, and international agricultural trade:The coverage of macroeconomics and agricultural programs and policies allows readers to further understand the domestic market economy. Building block approach: Discusses individual consumer and producer decision-making, market equilibrium and economic welfare conditions, government intervention in agriculture, macroeconomic policy, and international trade. Extensive chapter review: Each chapter contains an extensive list of questions designed to test comprehension of the material covered ER -