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Production Economics Course

Production Economics Course
4 to 360 hours 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. You will construct and compare cost functions, estimate input needs, apply input-output modelling, and assess cost-efficiency. Additionally, it teaches clear communication of results, explanation of limitations, and development of realistic data improvement plans.

Elevify advantages

Develop skills

  • Build multi-product cost models to derive unit, marginal, and total costs quickly.
  • Analyse 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.
  • Conduct cost-efficiency and sensitivity checks to test prices, volumes, and risks.
  • Convert 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.
Workload: between 4 and 360 hours

What our students say

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The course was essential to meet the expectations of my boss and the company I work for.
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Really great course. Lots of valuable information.
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