This text is designed for a one-quarter or one-semester course in introductory agricultural economics or agribusiness. It examines the structure and organization of the agricultural industry, then discusses basic micro- and macroeconomics principles as they apply to agriculture. Principles of economics are used to demonstrate to the student that theory actually makes reality more understandable.
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Clearance W. Jensen is currently Professor Emeritus in the Department of Agricultural Economics and Economics, an appointment he has enjoyed since 1980.
He attended Montana State College where he was granted Bachelors and Masters degrees in Agricultural Economics and Economics in 1951 and 1952. Further graduate work at Michigan State University was completed, where he received the Ph.D. degree in Agricultural Economics and Economics in 1958.
Douglas D. Southgate, Jr. is a Professor of agricultural economics at Ohio State University, where he also has directed the International studies Center and the Latin American Studies Program. He was awarded a bachelor's degree in economics by the University of Oregon in 1974 and was elected to Phi Beta Kappa. He completed his Ph.D. in agricultural economics at the University of Wisconsin, in 1980, and the same year joined the faculty at Ohio State. He was promoted to associate professor in 1986 and to full professor in 1995.
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