Week 12-13: Production and Cost Functions
We will cover the topics of Cost function Short-run and Long-run costs, Equilibrium of the firm. Moreover, we will also discuss The laws of returns, Revenues of the firm, and Production functions.
Course Material
- Week 1-2: Introduction to Microeconomics: Basic Concepts
- Week 3-4: The Price Mechanism
- Week 5-6: The Concept of Elasticity
- Week 7-8: Consumer’s Behaviour
- Week 9: Mid Term Exam
- Week 10-11: Firms and Industries
- Week 12-13: Production and Cost Functions
- Week 14-15: Market Structure: Perfect Competition
- Week 16-17: Market Structure: Monopoly and Monopolistic Competition
- Week 18: Final Term Exam
- Chapters 10
- Department Noon Business School
- Teacher
Mr. Muhammad Waqas
