Principles of agricultural economics : markets and prices in less developed countries / David Colman and Trevor Young.

Table of content.

1. Introduction
2. Economics of agricultural production: theoretical foundations
Introduction
Physical relationships
Economic relationships

3. Product supply and input demand
Product supply
Demand for supply
Conclusion

4. Topics in production economics
Efficiency of resource use
Technological change
Risk and uncertainty
Duality

5. Theory of consumer behavior
The basic relationships
The analysis of consumer choice
Variations in the consumer's equilibrium
Income and substitution effects

6. Economics of market demand
Basic demand relationship
Elasticities demand
Properties of demand functions
Dynamics in demand analysis

7. Developments in demand theory
''New'' theories of demand
Duality in demand analysis
Conclusion

8. Equilibrium and exchange
The definition of equilibrium
Equilibrium in product markets
Production and consumption activities within the agricultural household
Conclusion

9. Analysis of agricultural markets
Degrees of market competition
Structure and functions of agricultural markets
Simultaneous equilibrium at two market levels
Marketing margins and farm prices

10. Welfare economics
Competitive markets and Pareto optimality
Reasons for policy choice
Consumer and producer surplus
The problem of the second best

11. Economics of trade
Trade theory
Trade equilibrium with no transport costs
Trade with international transport and handling charges
Terms - of - trade
Trade intervention
Conclusion

12. Food and agricultural policy
Nature and principles
Analyzing the effects of policy instruments
Economic analysis of selected agricultural policies
Conclusion

I.M

Includes Index p: 314 - 323

Bibliography: p. [308]-313.