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|Additional Physical Format:||Print version:
Introduction to economics for students of agriculture.
Oxford ; New York : Pergamon Press, 1980
|Material Type:||Document, Internet resource|
|Document Type:||Internet Resource, Computer File|
|All Authors / Contributors:||
|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.|