Economics of Agriculture (AGBUS 40)

by Ivan Huerta

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With this text, students will explore agricultural economics, including the role of agriculture and farming in the economic system. You'll learn about basic economic concepts, challenges facing agriculture, regenerative vs conventional agriculture business practices, pricing and marketing issues, production factors, and the impact of state and federal farm programs on farmers' economic positions.

Description from LibreTexts.

Publisher
Coalinga College
Subjects
Social Sciences
Licence
Mixed licences (each page states its own), as LibreTexts states it
Who can read
Teens profiles and older, judged from its title and subjects

Contents

LibreTexts writes equations in TeX, and here they show as TeX; the PDF has them typeset.

  1. Front Matter
  2. TitlePage
  3. InfoPage
  4. Table of Contents
  5. Licensing
  6. 1: Introduction to Agricultural Economics
  7. 1.1: Preface
  8. 1.2: Defining Economics
  9. 1.3: Introduction to the Study of Economics
  10. 1.4: Problem Sets
  11. 2: Market Demand and Supply in Agriculutural Context
  12. 2.1: Demand States
  13. 2.2: The Demand Schedule
  14. 2.3: Supply and Demand
  15. 2.4: Markets - Supply and Demand
  16. 2.5: Consumer Surplus
  17. 2.6: Concluding Comments
  18. 2.7: References
  19. 2.8: Problem Sets
  20. 3: Elasticity- Understanding Responsiveness
  21. 3.1: Demand Elasticities
  22. 3.2: Computing Demand Elasticities
  23. 3.3: Factors that Affect the Magnitude of Own Price Elasticities
  24. 3.4: Elasticities of Supply
  25. 3.5: Concluding Comments
  26. 3.6: Problem Sets
  27. 4: Market Equilibrium and Modeling
  28. 4.1: Market Equilibrium
  29. 4.2: Using Elasticities to Model an Equilibrium
  30. 4.3: Markets - Supply and Demand
  31. 4.4: Partial vs. General Equilibrium Models
  32. 4.5: Finding Solutions in Equilibrium Models with Multiple Markets
  33. 4.6: Concluding Comments
  34. 4.7: References
  35. 4.8: Problem Sets
  36. 5: Consumer Behavior in Agriculture
  37. 5.1: Neoclassical Consumer Theory
  38. 5.2: Lancaster’s (1966) Characteristics Model
  39. 5.3: Becker’s (1965) Household Production Model
  40. 5.4: Welfare Economics - Consumer and Producer Surplus
  41. 5.5: Concluding Comments
  42. 5.6: References
  43. 5.7: Problem Sets
  44. 6: Prices Dynamics Over Time
  45. 6.1: The Trend
  46. 6.2: Seasonal Component
  47. 6.3: Cyclical Component
  48. 6.4: Random Component
  49. 6.5: Concluding Comments
  50. 6.6: References
  51. 6.7: Problem Sets
  52. 7: Market Structures in Agriculture
  53. 7.1: Considerations in Classifying a Market
  54. 7.2: Market Structures
  55. 7.3: Marginal Revenue for Imperfectly Competitive Markets
  56. 7.4: Monopolistic Competition
  57. 7.5: Profit Maximization for a Monopolist or Monopolistically Competitive Firm
  58. 7.6: Oligopoly Models
  59. 7.7: Profit Maximization in an Oligopoly
  60. 7.8: Oligopoly, Collusion, and Game Theory
  61. 7.9: Concluding Comments- Effects of Imperfect Competition on Economic Welfare
  62. 7.10: References
  63. 7.11: Problem Sets
  64. 8: Monopoly, Market Power, and Welfare
  65. 8.1: Overview and Objectives
  66. 8.2: Market Power Introduction
  67. 8.3: Considerations in Classifying a Market
  68. 8.4: Monopoly Profit-Maximizing Solution
  69. 8.5: Marginal Revenue for Imperfectly Competitive Markets
  70. 8.6: Profit Maximization for a Monopolist or Monopolistically Competitive Firm
  71. 8.7: Marginal Revenue and the Elasticity of Demand
  72. 8.8: Monopoly Characteristics
  73. 8.9: Monopoly Power
  74. 8.10: Monopsony
  75. 8.11: Concluding Comments- Effects of Imperfect Competition on Economic Welfare
  76. 8.12: References
  77. 8.13: Problem Sets
  78. 9: Price Strategies and Discrimination
  79. 9.1: Introduction to Pricing with Market Power
  80. 9.2: Price Discrimination
  81. 9.3: Intertemporal Price Discrimination
  82. 9.4: Peak Load Pricing
  83. 9.5: Two-Part Pricing
  84. 9.6: Bundling
  85. 9.7: Advertising
  86. 9.8: Perfect or First-Degree Price Discrimination
  87. 9.9: Second-Degree Price Discrimination
  88. 9.10: Third-Degree Price Discrimination
  89. 9.11: Some Other Pricing Schemes
  90. 9.12: Concluding Comments
  91. 9.13: References
  92. 9.14: Problem Sets
  93. 10: Strategic Interactive and Game Theory in Markets
  94. 10.1: Game Theory Introduction
  95. 10.2: Cooperative Strategy (Collusion)
  96. 10.3: Repeated and Sequential Games
  97. 10.4: First Mover Advantage
  98. 10.5: Problem Sets
  99. 11: Signals, Advertising, and Market Competition
  100. 11.1: Overview and Objectives
  101. 11.2: Asymmetric Information
  102. 11.3: Advertising
  103. 11.4: Advertising as Information
  104. 11.5: Market Signals to Counteract Asymmetric Information Problems
  105. 11.6: A Formal Model of Signals
  106. 11.7: Concluding Comments
  107. 11.8: References
  108. 11.9: Problem Sets
  109. 12: Policy, Subsidies, and Welfare Analysis in Agriculture
  110. 12.1: Price Ceiling
  111. 12.2: Price Support
  112. 12.3: Quantitative Restriction
  113. 12.4: Import Quota
  114. 12.5: Taxes
  115. 12.6: Subsidies
  116. 12.7: Immigration and Agricultural Labor Markets
  117. 12.8: Welfare Impacts of International Trade
  118. 12.9: Problem Sets
  119. 13: Agricultural Economic Case Studies
  120. 13.1: Opportunity Costs
  121. 13.2: Marginal Analysis
  122. 13.3: Elasticity
  123. 13.4: Prohibition
  124. Back Matter
  125. Index
  126. Glossary
  127. Detailed Licensing