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ECON 7940 Production Economics

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In this ECON 7940 Production Economics course you will study:

1. To understand the manner forward for associate economical production.

2. To work out the combos of the most profitable quantity of inputs.

3. To estimate however the assembly can reply to an amendment within the value of the output.

Learning outcomes:

1. Assist farm managers in determining the most effective use of resources, given the ever-changing desires, values and goals of the society.

2. Assist policy manufacturers in determining the results of different public policies on output, profits and resource use on farms.

3. Evaluate the uses of the theory of firm for rising farm management and understanding the behaviour of the farm as a profit increasing entity.

4. Evaluate the consequences of technical and institutional changes on agricultural production and resource use.

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