Principles of Agricultural Economics: 3rd Edition (Hardback) book cover

Principles of Agricultural Economics

3rd Edition

By Andrew Barkley, Paul W. Barkley


478 pages | 224 B/W Illus.

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Paperback: 9780367248642
pub: 2020-03-03
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Principles of Agricultural Economics, now in its third edition, continues to showcase the power of economic principles to explain and predict issues and current events in the food, agricultural, and agribusiness sectors. This key text introduces economic principles in a succinct and reader-friendly format, providing students and instructors with a clear, up-to-date, and straightforward approach to learning how a market-based economy functions and how to use simple economic principles for improved decision-making.

The field of agricultural economics has expanded to include a wide range of topics and approaches, including macroeconomics, international trade, agribusiness, environmental economics, natural resources, and international development, and these are all introduced in this text. For this edition, new and enhanced material on agricultural policies, globalization, welfare analysis, and explanations of the role of government in agriculture and agribusiness is included. Readers will also benefit from an expanded range of case studies and text boxes, including more international cases, which discuss real-world examples and issues, including global hunger, biofuels, trade wars, agritourism, and climate change.

This book is ideal for courses on agricultural economics, microeconomics, rural development and environmental policy.

The work is fully supported by a Companion Website, which provides users with extra content to enhance their learning and further their understanding of agricultural economics. Additional materials include flash cards, study guides, PowerPoint presentations, multiple choice questions, essay questions, and an instructor’s manual.

Table of Contents

1. Introduction to the Economics of Agriculture

2. The Economics of Production

3. The Costs of Production

4. Profit Maximization

5. Optimal Input Selection

6. Optimal Output Selection

7. Consumer Choices

8. Supply

9. Demand

10. Markets

11. Government Policies

12. The Competitive Firm

13. Market Power

14. Agriculture and the Global Economy

15. Economics, Agriculture, and the Environment

16. Agribusiness Management

About the Authors

Andrew Barkley is a professor and University Distinguished Teaching Scholar in the Department of Agricultural Economics at Kansas State University, USA.

Paul W. Barkley is professor emeritus with the School of Economic Sciences at Washington State University, USA.

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Development / Business Development
BUSINESS & ECONOMICS / Entrepreneurship
BUSINESS & ECONOMICS / Economics / Microeconomics
BUSINESS & ECONOMICS / New Business Enterprises
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Industries / Agribusiness