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An Introduction to Economics for Students of Agriculture

  • 1st Edition - January 1, 1980
  • Latest edition
  • Author: Berkeley Hill
  • Language: English

The Introduction to Economics for Students of Agriculture describes the universal economic principles, illustrated primarily by examples drawn from farming and the food industry.… Read more

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Description

The Introduction to Economics for Students of Agriculture describes the universal economic principles, illustrated primarily by examples drawn from farming and the food industry. This book is composed of nine chapters, and begins with what an overview of the concepts of economics, its objective, with a particular emphasis on the mechanism of allocating scarce resources. The succeeding chapters deal with the behavior of individual through the theory of consumer choice, the concept of demand and supply, market competitions, and production economics. These topics are followed by discussions on the mobility of the factors of production and unemployment, and some problems of using the market as a resource allocator. This book will prove useful to economists, agriculturists, and students.

Table of contents


Introduction

Acknowledgments

Contents


1. What is Economics?

Exercise on material in Chapter 1


2. Explaining the behavior of individuals (Theory of Consumer Choice)

Exercise on material in Chapter 2


3. Demand and Supply - the price mechanism in a market economy

Exercise on material in Chapter 3


4. Markets and competition

Exercise on material in Chapter 4


5. Production Economics (Theory of the Firm)

Exercise on material in Chapter 5


6. Factors of Production and their rewards (Theory of Distribution)

Exercise on material in Chapter 6


7. Some problems of using the market as a resource allocator


8. Macro-economics - the workings of the whole economy

Exercise on material in Chapter 8


9. International Trade

Exercise on material in Chapter 9

Suggested further reading

Essay questions

Appendix. Suggested answers and explanations for the exercises following each chapter

Index

Product details

  • Edition: 1
  • Latest edition
  • Published: November 15, 2013
  • Language: English

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