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.
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
Appendix. Suggested answers and explanations for the exercises following each chapter
- No. of pages:
- © Pergamon 1980
- 1st January 1980
- eBook ISBN: