Production Economics Course
Master production economics for multi-product firms in manufacturing. Gain skills to model costs accurately, analyse input-output relationships, test various scenarios, and transform data into practical decisions that enhance efficiency, improve margins, and provide strategic insights for better business outcomes.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
This Production Economics Course equips you with practical tools to create simplified multi-product cost models, interpret industry benchmarks, and analyse manufacturing cost structures confidently. Learn to build and compare cost functions, estimate input needs, apply input-output modelling, and assess cost-efficiency. Additionally, discover how to present results clearly, discuss limitations, and plan realistic improvements to data practices.
Elevify advantages
Develop skills
- Build multi-product cost models to derive unit, marginal, and total costs quickly.
- Analyze economies of scale and scope to identify cost-saving production strategies.
- Use input-output tools to map shocks to outputs, inputs, and firm-wide costs.
- Run cost-efficiency and sensitivity checks to test prices, volumes, and risks.
- Turn model results into clear, actionable cost recommendations for managers.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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