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An introduction to economics for students of agriculture

Author: Berkeley Hill
Publisher: Oxford ; New York : Pergamon Press, 1980.
Edition/Format:   eBook : Document : English : 1st edView all editions and formats
Database:WorldCat
Summary:
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Hill, Berkeley.
Introduction to economics for students of agriculture.
Oxford ; New York : Pergamon Press, 1980
(DLC) 79040227
(OCoLC)5101015
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Berkeley Hill
ISBN: 9781483279732 1483279731
OCLC Number: 684721231
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (ix, 346 pages) : illustrations
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Contents: Front Cover; An Introduction to Economics for Students of Agriculture; Copyright Page; Table of Contents; Introduction; Acknowledgements; CHAPTER 1. What is Economics?; Opportunity Cost; Scarcity; What is an Economic Problem; Objectives of Choice; The Mechanism of Allocating Scarce Resources; The Scientific Approach to Economics; Problems Faced by Scientific Economists; Cause and Effect Relationships; If a Theory is Shown to be Valid, will it Always be Valid?; Conclusion; Exercise on Material in Chapter 1; CHAPTER 2. Explaining the behaviour of individuals (Theory of Consumer Choice). The Concept of UtilityThe Margin; Free Goods; Theories of Consumer Choice; Income Effect; Price Effect; A Note on ""Lumpy"" Commodities; The Stable and the Unstable Equilibrium; Appendix; Exercise on Material in Chapter 2; CHAPTER 3. Demand and Supply-the price mechanism in a market economy; Introduction to Demand and Supply; Demand and Supply Curves; A. The Theory of Demand; B. The Theory of Supply; Exercise on Material in Chapter 3; CHAPTER 4. Markets and competition; Functions of the Price System; Imperfections in the Market; The Individual Producer in Perfect Competition. The Perfectly Competitive IndustryA Firm Operating under Imperfect Competition; Arguments Against Monopoly; Arguments For Monopoly; Use of Monopoly Power in Agriculture; Discriminating Monopoly; A Monopsonist --
The Single Buyer; Price Movements in Agriculture; Damping Out Cycles; The Price System in Centrally-planned Socialist Economies; Exercise on Material in Chapter 4; CHAPTER 5. Production Economics (Theory of the Firm); The Scope of Production Economics; Time and Scale of Production; Exercise on Material in Chapter 5. CHAPTER 6. Factors of Production and their rewards (Theory of Distribution)The Purpose of Production; The Nature of Production; Mobility of the Factors of Production and Unemployment; The Allocation of the Factors of Production and Their Rewards; Appendix to Chapter 6; Exercise on Material in Chapter 6; CHAPTER 7. Some problems of using the market as a resource allocator; Adam Smith and the ""Invisible Hand""; The Value Judgements of Society; Imperfect Competition; Externalities Associated with Production and Consumption; Public Goods; Imperfect Knowledge by Consumers. Other Imperfections in the Market SystemCHAPTER 8. Macro-economics-the workings of the whole economy; The Circular Flow of Income; Inflation; Economic Growth; The Costs of Economic Growth; Exercise on Material in Chapter 8; CHAPTER 9. International Trade; Balance of Payments; Exercise on Material in Chapter 9; Suggested further reading; Essay questions; Appendix: Suggested answers and explanations for the exercises following each chapter; Index.
Responsibility: by Berkeley Hill.

Abstract:

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 t.

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