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Amitesh Datta
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There is an excellent book on algebraic geometry entitled Algebraic Geometry: A First Course by Joe Harris. This book, however, emphasizes the classical roots of the subject but if you have not yet seen too much of algebraic geometry, it is worthwhile getting this book and reading a few lectures. (The book is split into "lectures" rather than "chapters".) There are many beautiful constructions in classical algebraic geometry that can be understood without too much background (and which lay the foundations for some aspects of modern algebraic geometry) and this can perhaps give you a rough indication of the geometric intuitions in algebraic geometry. And in my opinion, the book does an excellent job of conveying the beauty and elegance of algebraic geometry.

The prerequisites for reading this book (according to Harris) are: linear algebra, multilinear algebra and modern algebra. However, since this is a "Graduate Texts in Mathematics" book, there are some places where it is very helpful (but not essential to the point that you cannot read the book otherwise) to have a basic knowledge of commutative algebra, complex analysis and point-set topology. (E.g., basic facts about topological spaces, local rings, basic constructions in commutative algebra, holomorphic functions etc.) Atiyah and Macdonald's an An Introduction to Commutative Algebra should furnish more than enough preparation. (You can also concurrently read commutative algebra if that is your preference.)

Since you are an undergraduate student, you should not worry too much about learning "background material" just yet before at least seeing what classical algebraic geometry is about. If at some point you decide to specialize in the subject, you will need to learn the "modern tools" such as, for example, schemes, sheaves and sheaf cohomology. The "classic book" for this is Robin Hartshorne's Algebraic Geometry but since that does require a solid background in commutative algebra (or at least the mathematical maturity to accept facts without proofs), you might want to try other books. (But this is, I hasten to add, an excellent book if you do have the background to understand it.)

As Bcnrd (on MathOverflow) recommended to me, Qing Liu's Algebraic Geometry and Arithmetic Curves seems to be an excellent book on the subject. Most of the background material in commutative algebra is developed from scratch, and the first six chapters furnish a good introduction to the "modern tools". The last three chapters focus more on the arithmetic side of algebraic geometry, but you can always omit that if you so desire. (But if you are interested in number theory, definitely take a look at that!)

Succinctly, I recommend: Take a look at Atiyah and Macdonald and at least read the first few chapters. (The book is roughly 120 pages so covering the first few chapters is not too hard. Though be warned: Some people say that Atiyah and Macdonald is "dense", but I personally found it a very readable book and I think the majority find that so as well.) Then you should have the right background to read Harris and I hope that that will show you how fascinating the subject of algebraic geometry is. Good luck!