An Economics Workbook

Contents

   
  Introduction
  Exercise 1
Exercise 2
Exercise 3
Exercise 4
Exercise 5
Exercise 6
Exercise 7
On-Farm Research
Goals of the Farmer
On-Farm Experiments
Experimental Locations and Recommendation Domains
The Partial Budget
Marginal Analysis
Variability
    Part One. The Partial Budget
 

Exercise 8
Exercise 9
Exercise 10
Exercise 11
Exercise 12
Exercise 13
Exercise 14
Exercise 15
Exercise 16
Exercise 17A
Exercise 17B
Exercise 18
Exercise 19A
Exercise 19B
Exercise 20

Identifying Variable Inputs
Field Price and Field Cost of Purchased Inputs
Field Prices of Fertilizer and Nutrients
Equipment
Labor
Total Costs That Vary
Pooling the Results From the Same Recommendation Domain
Assessing Experimental Results Before Economic Analysis
Adjusted Yield
Field Price
Field Price
Gross Field Benefits
Partial Budgets
Partial Budgets
Including All Gross Benefits in the Partial Budget
  Part Two. Marginal Analysis
  Exercise 21
Exercise 22
Exercise 23
Exercise 24
Exercise 25
Exercise 26A
Exercise 26B
Exercise 26C
Exercise 26D
Exercise 26E
Exercise 27
Exercise 28
Dominance Analysis
Net Benefit Curve
Marginal Rate of Return
Partial Budgets and Marginal Rates of Return
Minimum Acceptable Rate of Return
Interpreting Net Benefit Curves
Interpreting Net Benefit Curves
Interpreting Net Benefit Curves
Interpreting Net Benefit Curves
Interpreting Net Benefit Curves
Partial Budgets and Complete Budgets
Marginal Analysis for Planning Experiments
    Part Three. Variability
  Exercise 29
Exercise 30
Exercise 3 1
Exercise 32A
Exercise 32B
Reviewing Experimental Results
Statistical Analysis and Economic Analysis
Minimum Returns Analysis
Sensitivity Analysis
Sensitivity Analysis
    Review
  Exercise 33A
Exercise 33B
Final Exercises
Final Exercises

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February, 2005