Introduction to Agricultural Economics

Providing integrated coverage of microeconomics, sector performance, macroeconomics, and international trade,Introduction to Agricultural Economics, third edition is still the best book on the market today. Written by experts, this text build's the reader's understanding of decisions made by consumers and producers of food and fiber products. Features of the new edition include: Covers the FAIR Act now governing farm commodity policy. Discusses the changing nature of legislation governing international trade and issues related to agriculture as we approach the next round of WTO legislation. Comprehensive coverage of consumer demand, including an entire chapter on key elasticity concepts. Develops the market supply curve through coverage of the theory of the firm and its reactions to input prices and product prices.Penson, John B., Jr. is the author of 'Introduction to Agricultural Economics', published 2001 under ISBN 9780130195722 and ISBN 0130195723.