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Production Economics Course

Production Economics Course
flexible workload from 4 to 360h
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 learn to build and compare cost functions, estimate input needs, apply input-output modelling, and assess cost-efficiency. Additionally, it teaches how to present results clearly, discuss limitations, and plan realistic improvements for data quality.

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 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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Very great course. Lots of valuable information.
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