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Introduction to Agricultural Economics

Introduction to Agricultural Economics


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About the Book

For courses in Introduction to Agricultural or Applied Economics

Introduction to Agricultural Economics, 7/e, provides students 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 students 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 student comprehension of the material covered.


About the Author: 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.


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Product Details
  • ISBN-13: 9780134602820
  • Publisher: Pearson
  • Publisher Imprint: Pearson
  • Edition: 0007-
  • Language: English
  • Returnable: N
  • Spine Width: 20 mm
  • Width: 211 mm
  • ISBN-10: 013460282X
  • Publisher Date: 22 Mar 2017
  • Binding: Hardback
  • Height: 277 mm
  • No of Pages: 432
  • Series Title: What's New in Trades & Technology
  • Weight: 1115 gr


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