Definition Of Agricultural Economics - Economist

Agricultural economics is a branch of applied economics that takes the tools of both microeconomics and macroeconomics and uses them to solve problems in a specific area.

With food inflation soaring and agricultural disputes at the heart of the collapse of the latest round of world trade talks.

Agricultural economics concerns itself with the study of production and consumption of food in both developed and developing countries along with analysis of the policies that shape the world’s largest industry.

Food crises, commodity price booms and busts, environmental concerns and trade tensions are just some of the focuses of the analysis undertaken in agricultural economics.