Agricultural Economics

Economics is about decision making. It deals with how decisions are made under varied conditions and circumstances and includes the evaluation of alternative decisions for a given situation. Because decisions are a fact of life, economics is with each of us on a daily basis. From the everyday activities of selecting fresh vegetables or certain cuts of meat in the supermarket to the less frequently made decisions about one's future education and career, economics plays a major role in who we are and how we conduct our lives. This text takes a thorough look at agricultural economics from the broad perspective of the food system that emphasizes linkages between and among financial institutions, the macro economy, world markets, governmental programs, farms, agribusinesses, food marketing, and the environment. The key economics concepts forming the foundation of how economics approach decision makingSupply and Demand, Opportunity Cost, Diminishing Returns, Marginality, Costs and Returns, and Externalitiesare woven throughout the book in a style that is both clear and engaging, with real-world examples that are easily understood by any reader interested in learning about agricultural economics. Agricultural Economics is designed for use in the one-semester (or two-quarter sequence) undergraduate course, Introduction to Agricultural Economics.Drummond, H. Evan is the author of 'Agricultural Economics' with ISBN 9780130846556 and ISBN 0130846554.