Utilizing a practical, applied approach to economic analysis, Agricultural Economics and Management is divided
into three parts in a systematic presentation of concepts and tools, applications, and the new management environment.
The text draws heavily from basic microeconomics theory and emphasizes the changing business, political, and social
environments, including those international in nature. From discussion of the consumer decision-making process
to that of the managerial decision-making environment, numerous real-world examples are used from both producer
and consumer experiences to address such issues as supply-and-demand, competition, market power, time, risk and
uncertainty, government agricultural policy, and external resources for assistance in extending the manager's capability.
Table of Contents
I. TOOLS FOR DECISION MAKING.
1. Management, Economics and Decision Making: An Introduction.
2. Physical Production Relationships.
3. Cost Relationships in Production.
4. Management Decisions: How Much to Produce?
5. Management Decisions: How to Produce?
6. Management Decisions: What to Produce?
7. Utility Maximization and Consumer Demand Theory.
8. Supply and Demand (As Decision Making Tools).
9. Market Price Determination.
II. MANAGERIAL TOOLS.
10. Competitive Decision Making.
11. Noncompetitive Decision Making.
12. Time, Risk, and Uncertainty in Management Decisions.
III. THE DECISION MAKING ENVIRONMENT.
13. Marketing Activities and Management Decisions.
14. Government in Agriculture: Impacts on Decisions.
15. Macroeconomic Policy Linkages to Agriculture and Agribusiness.
16. International Trade and Agriculture.
17. Environmental Policy: Impacts on Decisions.
