Production Economics Course
Gain mastery in production economics for multi-product firms. This course teaches you to model costs effectively, analyze input-output relationships, test various scenarios, and transform data into practical decisions that enhance efficiency, improve margins, and provide strategic insights in manufacturing operations.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
This Production Economics Mastery Course equips you with practical tools to create simplified multi-product cost models, interpret industry benchmarks, and confidently analyze manufacturing cost structures. You will master constructing and comparing cost functions, estimating input needs, using input-output modeling, and assessing cost-efficiency. Additionally, learn to communicate findings clearly, highlight limitations, and develop realistic plans for better data.
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.
- Apply input-output tools to map shocks to outputs, inputs, and firm-wide costs.
- Conduct cost-efficiency and sensitivity checks on prices, volumes, and risks.
- Convert model results into clear, actionable cost recommendations for managers.
Suggested summary
Before starting, you can change the chapters and 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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