Agricultural economics defined; Our national economy - some basic choices; Our national economy - wealth, productivity, and income; Money and agricultural finance; The problems of agriculture and macroeconomic policy decisions; The economic setting of american agriculture; The economic history of american agriculture; The nature and scope of agricultural economics; Production of agricultural goods and the concept of supply; Consumption of agricultural products and the concept of demand; Supply, demand, and the role of market price; The concept of elasticity; Market structure: the conditions of competition; Price spreads, market levels, and marketing margins; Agricultural cooperation; Production management; Joint supply functions and derived demand; Budgeting: a management tool; The economics of land use and value.