Production Economics Course
This course equips you with essential production economics knowledge for multi-product manufacturing firms. Master cost modelling, input-output analysis, scenario testing, and converting data into actionable insights to enhance efficiency, improve margins, and drive strategic decisions confidently.

flexible workload of 4 to 360h
valid certificate in your country
What will I learn?
Gain practical skills to create simplified multi-product cost models, understand industry benchmarks, and analyse manufacturing costs effectively. Learn to build cost functions, estimate inputs, use input-output models, assess cost efficiency, communicate findings clearly, highlight limitations, and plan data enhancements.
Elevify advantages
Develop skills
- Build multi-product cost models swiftly, deriving unit, marginal, and total costs.
- Analyse economies of scale and scope to identify cost-saving strategies.
- Apply input-output tools to link shocks with outputs, inputs, and overall costs.
- Conduct cost-efficiency and sensitivity analyses for prices, volumes, and risks.
- Transform model outputs into clear, actionable recommendations for management.
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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