Week 7-8: Production and Cost Analysis
Production function, total, marginal and average product. Revenue and cost in production. Production function estimation. Productivity measurement.Homogenous and homothetic function.Short run and long run cost curves. Learning curves. Cost-value-profit analysis. Cost estimation.
Course Material
- Week 1-2: Nature, Scope and Overview of Managerial Economics
- Week 3-4: Demand Analysis, Estimation and Forecasting
- Week 5-6: Pricing Analysis and Decisions
- Week 7-8: Production and Cost Analysis
- Week 9: Mid Term Exam
- Week 10-11: Decision Making Under Risk and Uncertainty
- Week 12-13: Capital Budgeting and Investment
- Week 14-15: Public Sector Production and Pricing of Goods.
- Week 16-17: Managerial Theories and Models of the Firm
- Week 18: Final Exam
- Week 1-2: The Nature and Scope of Managerial Economics
- Chapters 11
- Department Noon Business School
- Teacher
Mr. Muhammad Waqas
