This book provides a simple but effective introduction to economics. Fully updated and revised, this fourth edition incorporates the recent changes that have taken place in the environment in which agriculture operates. Covering the impacts of the EU expansion to 28 Member States, major changes to financial support of agriculture, financial crises, economic recession and, in many countries, high levels of unemployment, it provides a rounded and up to date introduction to the subject. The inclusion of chapter-focused exercises, essay questions and further reading suggestions make this textbook an invaluable learning tool for students of agriculture, economics and related sectors.
Berkeley Hill, formerly University of London, Imperial College, UK
1: Preface 2: Acknowledgements 3: What is Economics? 4: Explaining the Behaviour of Individuals: Theory of Consumer Choice 5: Demand and Supply: the Price Mechanism in a Market Economy 6: Markets and Competition 7: Production Economics: Theory of the Firm 8: Factors of Production and their Rewards: Theory of Distribution 9: Market Failure: Some Problems of Using the Market to Allocate Resources 10: Macroeconomics: the Workings of the Whole Economy 11: International Trade 12: Government Policy for Agriculture and Rural Areas Appendix 1: Essay Questions Appendix 2: Suggested Answers and Explanations for the Exercises following each Chapter 13: References 14: Suggested Further Reading