Production Economics Course
Dive into production economics for firms with multiple products. Build cost models, explore input-output relationships, run scenario tests, and convert data into straightforward decisions that lift efficiency, profits, and business smarts in manufacturing operations.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
Gain hands-on skills to create simple multi-product cost models, understand industry standards, and break down manufacturing costs effectively. Master building and comparing cost functions, calculating input needs, using input-output models, and assessing cost efficiency. Plus, learn to present findings clearly, highlight constraints, and plan practical data enhancements.
Elevify advantages
Develop skills
- Build multi-product cost models swiftly, covering unit, marginal, and total costs.
- Spot economies of scale and scope to uncover cost-saving production tactics.
- Apply input-output methods to link shocks to outputs, inputs, and overall firm costs.
- Conduct cost-efficiency tests and sensitivity analysis on prices, volumes, and risks.
- Deliver model insights as clear, practical cost advice 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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