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ProductionandMarkets
DavidL.Debertin
This is a microeconomic theory book designed for upperdivision undergraduate
students in economics and agricultural economics. A free pdf download of the
entirebookatdownloadat
http://purl.umn.edu/158321
ThebookcanalsobeorderedthroughcollegebookstoresusingthefollowingISBN
numbers:
ISBN13:9781475244342
ISBN10:1475244347
Basicintroductorycollegecoursesinmicroeconomicsanddifferentialcalculusare
the assumed prerequisites. The last, tenth, chapter of the book reviews some
mathematical principles basic to the other chapters. All of the chapters contain
many numerical examples and graphs developed from the numerical examples.
The ambitious student could recreate any of the charts and tables contained in
the book using a computer and Excel spreadsheets. There are many numerical
examples of the key elements of marginal analysis. In addition, many practical
examplesaretakenfromtherealworldtoillustratekeypoints.
Most of the examples used in the book come from the food and agricultural
industries, broadly defined. Examples in consumer choice and utility focus on
consumer decisions to purchase hamburgers and French fries. Production
examples involve choices farmers make in order to apply fertilizer to crops.
Marketmodelsareemployedthatillustrateconsumerchoicebetweenbeef,pork
andchickenatthegrocerymeatcounter,andsoon.Afewoftheexamplesdonot
employagriculturallyrelatedgoods,suchastheexamplesdealingwiththefateof
the Polaroid corporation and its instant cameras, monopoly power of cable
television providers and competition between the big three auto makers in the
1950s.
Eachchapterbeginswithmaterialthatwillbefamiliartonearlyanystudentwho
has passed an introductory microeconomics course. However, as each chapter
progresses,theproblemsandthemathrequiredtocompletethemgettougher.
Critical points throughout the text are highlighted in text boxes. The instructor
need not use all of the sections of each chapter for a course as each section of
eachchapterisselfcontained.
Eachchapterconcludeswithabasicsummaryofkeypointsandacomprehensive
listoftermsand definitions.Students mightchoosetobeginbyreadingthekey
summary points and definitions at the end of each chapter. Each chapter also
contains a spreadsheet exercise for students to create examples similar to the
tablesandchartsinthetext.
The book is designed for use in a onesemester course, covering the parts of
microeconomics that nearly every instructor believes should be covered at the
intermediatelevel,butalsorecognizingthatmostinstructorswillwanttodevote
afewweeksofthesemestertomaterialspecifictotheirowninterests.
Youcouldprintthebookdirectlyfromthefreeedownload,butAmazondoes
suchanicejobofbindingandprintingthebookinaneasytoputinabackpack
format,ifIwereaninstructorIwouldsimplyordertheboundcopies.Ihave
experimentedwithsimplydownloadingthisasapdfebook.TheproblemthatI
getintoisthatwouldliketobeabletoflippagesaroundtocomparegraphs
directlywithtablenumbers,andalsolookatmathstepsthatoccurredafew
pagesago,andIreallybelievethattheprintcopyisstillextremelyimportanthere
inthelearningprocess.
Everythinginthebookistiedbacktowhatwascontainedinchapters39ofthe
introductoryslides,buteverythingalsobecomesmorequantitativewiththe
combinationofcalculusandspreadsheetsapplied.Thetransitionshouldbevery
smoothfromintroductorytointermediatelevel.
LinksforFreeDownloadsofSpreadsheetsandComputerExercises
Chapter1Introduction
(None)
Chapter2DemandandSupply
Constructinglineardemandandsupplyfunctions
http://www.uky.edu/~deberti/am/chapter2linear.xlsx
Constructingnonlineardemandandsupplyfunctions
http://www.uky.edu/~deberti/am/chapter2nonlinear.xlsx
Exercise:Lineardemandfunctionwithashifter
http://www.uky.edu/~deberti/am/exerchap2a.xlsx
Chapter3Elasticities
Elasticities,linearandnonlinearfunctions
http://www.uky.edu/~deberti/am/chapter3elasticities.xlsx
Exercise:calculatingelasticities
http://www.uky.edu/~deberti/am/exerchapter3.xlsx
Chapter4ConsumerChoice
Constructingbudgetlines
http://www.uky.edu/~deberti/am/chapter4budget.xlsx
Constructingindifferencecurves
http://www.uky.edu/~deberti/am/chapter4indifference.xlsx
Lagrangeanoptimization
http://www.uky.edu/~deberti/am/chapter4lagrange.xlsx
Exercise:basicutilityfunctions
http://www.uky.edu/~deberti/am/exerchapter4a.xlsx
Exercise:3Dindifferencecurves
http://www.uky.edu/~deberti/am/exerchapter4b.xlsx
Chapter5ProductionwithOneVariableInput
BasicProdction,MPPandAPPcurves
http://www.uky.edu/~deberti/am/chapter5prod1.xlsx
Revenue,costandprofit
http://www.uky.edu/~deberti/am/chapter5prod3.xls
Exercise:basicrevenue,costandprofit
http://www.uky.edu/~deberti/am/exerchapter5a.xlsx
Exercise:graphicsforbasicrevenue,costandprofit
http://www.uky.edu/~deberti/am/exerchapter5b.xlsx
Chapter6CostsofProductionfromtheOutputSide
Costfunctionsfrompolynomialproductionfunctions
http://www.uky.edu/~deberti/am/chapter6cost.xlsx
Exercise:polynomialcostfunctions
http://www.uky.edu/~deberti/am/exerchapter6.xlsx
Exercise:Morecostfromproduction
http://www.uky.edu/~deberti/am/exerchapter6b.xlsx
Chapter7ProductionwithtwoVariableInputs
Drawing3DProductionsurfaces
http://www.uky.edu/~deberti/am/chapter7twoinput.xlsx
Budgetlines
http://www.uky.edu/~deberti/am/chapter7twoinput3.xlsx
Chapter8ProductionwithTwoOutputs
Aproducttransformationcurvefromtwoproductionfunctions
http://www.uky.edu/~deberti/am/chapter8twooutput.xlsx
Atwooutput3Dproductionsurface
http://www.uky.edu/~deberti/am/chapter8twooutput2.xlsx
Exercise:Buildingproducttransformationcurves
http://www.uky.edu/~deberti/am/exerchapter8.xlsx
Chapter9MarketModelsofCompetition
Purecompetition
http://www.uky.edu/~deberti/am/chapter9comp.xlsx
Monopoly
http://www.uky.edu/~deberti/am/chapter9monop.xlsx
Monopolisticcompetition
http://www.uky.edu/~deberti/am/chapter9monopcomp.xlsx
OtherBooks:
EconomicsofFoodandAgriculture
(Thirdedition,2014)
DavidL.Debertin
Thisisaheavilyeditedversionofanintroductoryagriculturaleconomicstext
bookEconomicsofFoodandAgriculturethatwasoriginallypublishedby
KendallHunt,in1990buthaslongbeenoutofprint.Thecurrentversionconsists
of620colorpdfslidesetconstitutingmaterialforacompleteintroductory(100
levelcourse)inagriculturaleconomics.Allthecolorslidesarecontainedinan11
MBpdffile(similarinsizetoatabletoriPadapplication).
Thefileisideallysuitedfordownloadingbytechsavvybeginningundergraduate
agriculturaleconomicsstudenttoavarietyofdevices.Ihavebeenexperimenting
with7inchAndroidtablets,butthefileshouldworkequallywellonaniPador
perhapsevenasmartphone.Obviouslythefilecanalsobedownloadedtoa
laptopordesktopcomputeroranyotherdevicethathasapdfreaderonit.By
downloadingthefilestudentssuddenlyhaveacomplete620slidebeginning
agriculturaleconomicscourseonwhateverdevicetheyprefertouse.
Thematerialcanalsobeusebyinstructorsforclassroompresentations
employingacomputerprojector.Ienvisionamodernagriculturaleconomics
classroomofstudentswithdevicesofvarioustypesintheclasshavingalready
downloadedsamematerialonthedeviceaswhatappearsonscreen.Theslides
containmuchofthedetailedcorematerial,butthereisstillplentyofspacefor
instructorstodotheirownthingsinconjunctionwiththeslides.
Therearetwofiles,onecontaining620colorpdfslidesin17chapters.Asecond
filehandoutfilecontainsthesameslidessetupforprintingonablackandwhite
printer,twotoapage.
Bothofthefilesarefreedownloadsathttp://ageconsearch.umn.edu
Thehandletogetdirectlytothefilesishttp://purl.umn.edu/162696 Allof
thisisFREE,andEVERYbeginningstudentinagriculturaleconomicsnomatter
wheretheyareshoulddownloadthefilestothedeviceoftheirchoice!
Backgroundontherevisionandupdatestothematerial:
The1990versionsofthisbookreliedheavilyongraphsthatconstructedbythe
authorusingsecondarydata.Nowtherearemanyothersources,mostnotably
thegraphscontainedintheUSDAERSchartgallery.Inupdatingthisversiontothe
present,Iretainedafewofthegraphsthatwereintheoriginalversion,butthen
locatedgraphscreatedbytheUSDAERSintheirchartgalleryinordertoaddto
andsupplementtheoriginalinformation.Theseslideswereoriginallyconstructed
employingHarvardGraphicsroutines.Atthatpointincomputinghistory,clipart
asopposedtophotographswasbeingusedextensively.Byretainingsomeofthe
quirkyclipartfromtheoriginalversion,Ihavealsoretainedsomeofthelookand
feeloftheoriginaledition.Itturnsoutthattheseslides,withbigfontsandquirky
clipart,lookparticularlyneatonasmallhandhelddevice.
Colorisimportantontheseslides,whichwereoriginallyusedforGEN101taught
usingtheseslidesbymeandseveralothersintheUKag.econDepartment.
Studentswillwanttodownloadthecolorfiletotheirlaptopsortabletdevices.
Forthemostpart,theblackandwhitehandoutlooksfinewhenprinted,butfora
fewofthegraphs,thecolorcauseslinesorotherinformationtobewashedoutor
agraphormapbecomeshardtoread.Studentsshouldreferbacktothecolor
versionontheircomputingdevices.
LinksforPowerpointslidesforindividualchaptersforinstructors
Allofthe600+slidescontainedinthebookareavailabletoinstructorsasfree
downloads.ThegeneralWebaddressfordownloadingtheseis
http://www.uky.edu/~deberti/efa/chX.pptwhereXisthespecificoneor
twodigitchapternumber.Hence,thePowerpointforchapter10canbe
downloadedattheWebAddresshttp://www.uky.edu/~deberti/efa/ch10.ppt
HotLinksforallthechaptersasindividualPowerpointsarebelow
Chapter1:Introductionhttp://www.uky.edu/~deberti/efa/ch1.ppt
Chapter2:TheStructureofAgriculturehttp://www.uky.edu/~deberti/efa/ch2.ppt
Chapter3:DemandandSupplyhttp://www.uky.edu/~deberti/efa/ch3.ppt
Chapter4:IntroductiontoElasticitieshttp://www.uky.edu/~deberti/efa/ch4.ppt
Chapter5:UtilityAnalysishttp://www.uky.edu/~deberti/efa/ch5.ppt
Chapter6:AgriculturalProductionEconomics
http://www.uky.edu/~deberti/efa/ch6.ppt
Chapter7:ProducerCosthttp://www.uky.edu/~deberti/efa/ch7.ppt
Chapter8:ProductionwithTwoInputsorOutputs
http://www.uky.edu/~deberti/efa/ch8.ppt
Chapter9:AlternativemodelsofCompetition
http://www.uky.edu/~deberti/efa/ch9.ppt
Chapter10:AgriculturalMarketinghttp://www.uky.edu/~deberti/efa/ch10.ppt
Chapter11:CreditinAgriculturehttp://www.uky.edu/~deberti/efa/ch11.ppt
Chapter12:PublicPolicyhttp://www.uky.edu/~deberti/efa/ch12.ppt
Chapter13:EconomicsofResourceshttp://www.uky.edu/~deberti/efa/ch13.ppt
Chapter14:TradeinAgriculturalGoods
http://www.uky.edu/~deberti/efa/ch14.ppt
Chapter15:EconomicSystemsinOtherCountries
http://www.uky.edu/~deberti/efa/ch15.ppt
Chapter16:WorldFoodhttp://www.uky.edu/~deberti/efa/ch16.ppt
Chapter17:RuralEconomicDevelopment
http://www.uky.edu/~deberti/efa/ch17.ppt
ThesePowerpointfiguresarebackwardcompatibleandshouldworkonearly
WindowsbasedmachinesatleastasfarbackasthoserunningOffice97.
AgriculturalProductionEconomics
(SecondEdition,2012)
DavidL.Debertin
AgriculturalProductionEconomics(SecondEdition,AmazonCreatespace2012)is
arevisededitionoftheTextbookAgriculturalProductionEconomicspublishedby
Macmillan in 1986 (ISBN 0023280603). This is intended primarily for adoption
atthebeginninggraduatelevelalthoughafewinstitutionsareusingthisalsoat
theupperdivisionundergraduatelevel.
The beauty of the linkage at the three levels is that Agricultural Production
Economics uses a lot of the same or closelyrelated numerical examples that
studentswhohaveusedAppliedEconomicswillhavealreadyseenattheupper
divisionundergraduatelevel.Thereisarealadvantagetohavingthesameauthor
writing the materials at all different levels. Agricultural Production Economics is
availableasaFREEedownloadathttp://purl.umn.edu/158319
Amazon also has bound print copies of the book at amazon.com at a nominal
price(about$19)forclassroomuse.Again,studentscandownloadthefilebutI
recommendthepapercopyforseriousstudy.
http://www.amazon.com/AgriculturalProductionEconomicsSecond
Edition/dp/1469960648/ref=sr_1_1?ie=UTF8&qid=1390834585&sr=8
1&keywords=debertin
The 428 pp. book can also be ordered through college bookstores using the
followingISBNnumbers:
ISBN139781469960647
ISBN101469960648
Acompanion100pagecolorbookAgriculturalProductionEconomics(TheArtof
ProductionTheory)isalsoafreepdfdownloadathttp://purl.umn.edu/158320
ForinstructorswhowantacolorPowerpointversionofallofthesefiguresfrom
AgriculturalProductionEconomicsfordisplayintheclassroom,thislinkprovidesa
freeelectronicdownloadtoalloftheminpptformat
http://www.uky.edu/~deberti/colorbookppt.ppt
http://www.amazon.com/AgriculturalProductionEconomicsThe
Theory/dp/1470129264/ref=sr_1_2?ie=UTF8&qid=1390834585&sr=8
2&keywords=debertin
The companion book can also be ordered through bookstores under the
followingISBNnumbers:
ISBN13:9781470129262
ISBN10:1470129264
Thearticlethatstarteditall:
DevelopingRealisticProductionFunctionsforUseinUndergraduateClasses.S.
Journ.Agr.Econ17:2,1985,207214.
freedownloadathttp://purl.umn.edu/29983
Thisarticlewaswrittenpriortothe1986editionofthebook.TheSAScodeinthis
articlestillworkswithonlyminorchanges.Ifyouwanttodothesamethingusing
aspreadsheet,download
http://www.uky.edu/~deberti/ap/SJAE.xlsx
Matrixmultiplicationandinversioninspreadsheets(usedin1985article)
http://www.uky.edu/~deberti/ap/mat.xlsx
SimpleMPPandAPPusingbasicmodelfrom1985article
http://www.uky.edu/~deberti/ap/mppapp.xlsx
Basicsingleinputproductionspreadsheet
http://www.uky.edu/~deberti/ap/single.xlsx
Completesingleinputproductionspreadsheet
http://www.uky.edu/~deberti/ap/main.xlsx
DerivingACandMCcurves
http://www.uky.edu/~deberti/ap/acmccurves.xlsx
Singleinputprofitfromtheinputandoutputside
http://www.uky.edu/~deberti/ap/profitinputoutput.xls
Productionandcostsimplepowerproductionfunction
http://www.uky.edu/~deberti/ap/prodcostpower.xlsx
BasicProductionandCost
http://www.uky.edu/~deberti/ap/prodcost.xlsx
Figure5.1fromtext
http://www.uky.edu/~deberti/ap/fig51.xlsx
Generalprogramfordoingunconstrainedmax,minandsaddles
http://www.uky.edu/~deberti/ap/unconstrainedg.xlsx
Minimum
http://www.uky.edu/~deberti/ap/min.xlsx
Maximum
http://www.uky.edu/~deberti/ap/max.xlsx
Saddlewithoutcrossterm
http://www.uky.edu/~deberti/ap/saddle.xlsx
Saddlepointwithcrossterm
http://www.uky.edu/~deberti/ap/saddle1.xlsx
Bradfordianpolynomial
http://www.uky.edu/~deberti/ap/poly.xlsx
Polynomialproductionfunctionfromjourn
http://www.uky.edu/~deberti/ap/journ3d.xlsx
Polynomialproductionfunctionfromjournversion2
http://www.uky.edu/~deberti/ap/journ3D2.xlsx
Basic3Dprofit
http://www.uky.edu/~deberti/ap/basic3Dprofit.xlsx
PseudoscalelinedrawinginXLSXfile(ignorecircularreference)
http://www.uky.edu/~deberti/ap/pslinesa.xlsx
CobbDouglaswithpseudoscalelines
http://www.uky.edu/~deberti/ap/cdpseudo.xlsx
SmallLPfrombooksolvedonspreadsheet
http://www.uky.edu/~deberti/ap/lpsimple.xlsx
A basic 3D graphics program in SAS. Copy and paste each program into PC SAS
editor,thenrun
http://www.uky.edu/~deberti/ap/graph10.txt
1985SJAEarticleSAScodeedited
http://www.uky.edu/~deberti/ap/SJAESAS.txt