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Economics of Agriculture (AGBUS 40)

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Economics of Agriculture (AGBUS 40)

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.

Social Sciences
Author
Ivan Huerta
Publisher
Coalinga College
Source
LibreTexts
License
Mixed
Language
EN
Category
Economics
Read online Download PDF (open licence)
Contents· 114 sections
  1. 01: Introduction to Agricultural Economics
  2. 1.01: Preface
  3. 1.02: Defining Economics
  4. 1.03: Introduction to the Study of Economics
  5. 1.04: Problem Sets
  6. 02: Market Demand and Supply in Agriculutural Context
  7. 2.01: Demand States
  8. 2.02: The Demand Schedule
  9. 2.03: Supply and Demand
  10. 2.04: Markets - Supply and Demand
  11. 2.05: Consumer Surplus
  12. 2.06: Concluding Comments
  13. 2.07: References
  14. 2.08: Problem Sets
  15. 03: Elasticity- Understanding Responsiveness
  16. 3.01: Demand Elasticities
  17. 3.02: Computing Demand Elasticities
  18. 3.03: Factors that Affect the Magnitude of Own Price Elasticities
  19. 3.04: Elasticities of Supply
  20. 3.05: Concluding Comments
  21. 3.06: Problem Sets
  22. 04: Market Equilibrium and Modeling
  23. 4.01: Market Equilibrium
  24. 4.02: Using Elasticities to Model an Equilibrium
  25. 4.03: Markets - Supply and Demand
  26. 4.04: Partial vs. General Equilibrium Models
  27. 4.05: Finding Solutions in Equilibrium Models with Multiple Markets
  28. 4.06: Concluding Comments
  29. 4.07: References
  30. 4.08: Problem Sets
  31. 05: Consumer Behavior in Agriculture
  32. 5.01: Neoclassical Consumer Theory
  33. 5.02: Lancasters (1966) Characteristics Model
  34. 5.03: Beckers (1965) Household Production Model
  35. 5.04: Welfare Economics - Consumer and Producer Surplus
  36. 5.05: Concluding Comments
  37. 5.06: References
  38. 5.07: Problem Sets
  39. 06: Prices Dynamics Over Time
  40. 6.01: The Trend
  41. 6.02: Seasonal Component
  42. 6.03: Cyclical Component
  43. 6.04: Random Component
  44. 6.05: Concluding Comments
  45. 6.06: References
  46. 6.07: Problem Sets
  47. 07: Market Structures in Agriculture
  48. 7.01: Considerations in Classifying a Market
  49. 7.02: Market Structures
  50. 7.03: Marginal Revenue for Imperfectly Competitive Markets
  51. 7.04: Monopolistic Competition
  52. 7.05: Profit Maximization for a Monopolist or Monopolistically Competitive Firm
  53. 7.06: Oligopoly Models
  54. 7.07: Profit Maximization in an Oligopoly
  55. 7.08: Oligopoly Collusion and Game Theory
  56. 7.09: Concluding Comments- Effects of Imperfect Competition on Economic Welfare
  57. 7.10: References
  58. 7.11: Problem Sets
  59. 08: Monopoly Market Power and Welfare
  60. 8.01: Overview and Objectives
  61. 8.02: Market Power Introduction
  62. 8.03: Considerations in Classifying a Market
  63. 8.04: Monopoly Profit-Maximizing Solution
  64. 8.05: Marginal Revenue for Imperfectly Competitive Markets
  65. 8.06: Profit Maximization for a Monopolist or Monopolistically Competitive Firm
  66. 8.07: Marginal Revenue and the Elasticity of Demand
  67. 8.08: Monopoly Characteristics
  68. 8.09: Monopoly Power
  69. 8.10: Monopsony
  70. 8.11: Concluding Comments- Effects of Imperfect Competition on Economic Welfare
  71. 8.12: References
  72. 8.13: Problem Sets
  73. 09: Price Strategies and Discrimination
  74. 9.01: Introduction to Pricing with Market Power
  75. 9.02: Price Discrimination
  76. 9.03: Intertemporal Price Discrimination
  77. 9.04: Peak Load Pricing
  78. 9.05: Two-Part Pricing
  79. 9.06: Bundling
  80. 9.07: Advertising
  81. 9.08: Perfect or First-Degree Price Discrimination
  82. 9.09: Second-Degree Price Discrimination
  83. 9.10: Third-Degree Price Discrimination
  84. 9.11: Some Other Pricing Schemes
  85. 9.12: Concluding Comments
  86. 9.13: References
  87. 9.14: Problem Sets
  88. 10: Strategic Interactive and Game Theory in Markets
  89. 10.01: Game Theory Introduction
  90. 10.02: Cooperative Strategy (Collusion)
  91. 10.03: Repeated and Sequential Games
  92. 10.04: First Mover Advantage
  93. 10.05: Problem Sets
  94. 11: Signals Advertising and Market Competition
  95. 11.01: Overview and Objectives
  96. 11.02: Asymmetric Information
  97. 11.03: Advertising
  98. 11.04: Advertising as Information
  99. 11.05: Market Signals to Counteract Asymmetric Information Problems
  100. 11.06: A Formal Model of Signals
  101. 11.07: Concluding Comments
  102. 11.08: References
  103. 11.09: Problem Sets
  104. 12: Policy Subsidies and Welfare Analysis in Agriculture
  105. 12.01: Price Ceiling
  106. 12.02: Price Support
  107. 12.03: Quantitative Restriction
  108. 12.04: Import Quota
  109. 12.05: Taxes
  110. 12.06: Subsidies
  111. 12.07: Immigration
  112. 12.08: Welfare Impacts of International Trade
  113. 12.09: Problem Sets
  114. 13: Agricultural Economic Case Studies