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Palgrave Macmillan

Food Economics

Agriculture, Nutrition, and Health

  • Textbook
  • Open Access
  • © 2024

You have full access to this open access Textbook

Overview

  • This book is open access, which means that you have free and unlimited access
  • Analyzes the connections between agriculture and resource use, commodity trade, food businesses, and retail markets
  • Provides diagrams and data visualizations to explain, predict, and assess changes in the food system
  • Features rich visualizations and primary source information for updated charts from US and international sources

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About this book

Food Economics provides a unified introduction to the economics of agricultural production, business decisions, consumer behavior, and the government policies that shape our food system.

This open access textbook begins with economic principles derived using graphical techniques to explain and predict observed prices, quantities, and other outcomes as a result of individual choices influenced by market structure and public policies. The second half of the book explores available data globally and for the US, covering a wide range of questions in agriculture and economic development, food marketing, and consumption.

Food Economics and its accompanying online resources are designed for advanced undergraduate or introductory graduate courses in agriculture, food, and nutrition policy. The book covers the standard diagrams taught in principles-level courses, with concrete examples and practical insights regarding food production, consumption, and trade. Online resources include data sources, and course materials, including slides, exercises, exams, and answer keys.

 

Keywords

Table of contents (12 chapters)

Reviews

“Food Economics is much more than just another textbook in agricultural economics. It provides an easily-accessible and exciting economics perspective to food systems, including agricultural production, food markets and value chains, consumer choices, and nutrition and health outcomes. Written by international leaders in their fields, this book combines theoretical rigor with up-to-date empirical insights about trends and challenges for sustainable food systems development.”
Matin Qaim, Director of the Center for Development Research and Professor of Agricultural Economics, University of Bonn, Germany; President, International Association of Agricultural Economists


“In what is sure to become a leading standard text, Masters and Finaret’s Food Economics provides a broad, accessible introduction to the economics of food and agriculture.”
Jayson Lusk, Dean of Agriculture andProfessor of Agricultural Economics, Oklahoma State University, USA; former President, Agricultural and Applied Economics Association

Authors and Affiliations

  • Friedman School of Nutrition and Department of Economics, Tufts University, Boston, USA

    William A. Masters

  • Department of Global Health Studies and Department of Business and Economics, Allegheny College, Meadville, USA

    Amelia B. Finaret

About the authors

William A. Masters is Professor at Tufts University’s Friedman School of Nutrition Science and Policy with a secondary appointment in the Department of Economics. He is Fellow of the Agricultural & Applied Economics Association (AAEA), International Fellow of the African Association of Agricultural Economists (AAAE), a former editor of Agricultural Economics, and a recipient of numerous awards for teaching, research, and policy analysis.

Amelia B. Finaret is Associate Professor at Allegheny College, teaching in the Department of Global Health with a secondary appointment in the Business and Economics Department. She is also Honorary Lecturer for the University of Edinburgh’s Global Academy of Agriculture and Food Systems (GAAFS) and a practicing clinical dietitian at Titusville Area Hospital in Titusville, Pennsylvania. Finaret holds graduate degrees in agricultural and food economics, and she is a registered dietitian (RD) and licensed dietitian nutritionist (LDN).

 

Bibliographic Information

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