Synopses & Reviews
This text is about world agricultural and food markets and is written to give the reader a solid understanding of their mysterious and marvelous nature. Demonstrating the critical role agricultural markets play in the world economy, this book explores the influence of these markets on a variety of food and agricultural products used by consumers on a daily basis.
Economics of Agricultural Markets is intended for use in Agricultural Marketing or Agricultural Economics courses, and is written in four major sections for clarity and ease of study: I. Introductory Topics; II. Production and Consumption Activities and How They Are Linked Together; III. Spatial Dimensions of Agricultural Markets; and, IV. Temporal Dimensions of Agricultural Markets.
Synopsis
Agricultural Marketing examines the principles and practices of economic analysis to cultivate an understanding of how agricultural and food markets operate. After an introduction that discusses some of the most frequently encountered economic measurements of market status, a basic framework is presented for the analysis of economic activities that link agricultural production with food consumption. Coverage then explores both the spatial and temporal dimensions of agricultural markets. For those interested in international agricultural and food marketing, economics, and production.
Table of Contents
I. OVERVIEW AND QUANTITATIVE MEASURES. 1. Overview of Markets and Marketing. 2. Measuring the Economic Importance of Agricultural and Food Marketing Activities.
3. Index Numbers.
II. ANALYTICAL TOOLS AND FRAMEWORK. 4. Demand and Elasticity Concepts.
5. Supply Concepts.
6. Models of Market Behavior.
7. Alternative Market Structures.
8. Price Discovery.
III. SPATIAL ASPECTS OF AGRICULTURAL MARKETS. 9. Spatial Characteristics of Markets.
10. Local Markets and Interregional Trade.
11. International Trade.
12. International Trade Model and Policies.
IV. TEMPORAL ASPECTS OF AGRICULTRAL MARKETS. 13. Storage Decisions in the Marketing of Agricultural and Food Products.
14. Futures Markets.
15. Fundamentals of Hedging.
16. Options Markets and Their Uses.