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Diploma in Managerial Economics - Theory of Production and Cost
This wide-ranging course in the theory of production and costs starts with demand forecasting then it works through the theory of production and ends with the theory of costs. First you will be taught how best to predict the future demand for the products of a firm using the subjective methods of demand forecasting. Quantitative methods with some emphasis on econometric methods of demand forecasting will also be specifically addressed.Next you will learn about the factors of production labour and capital in particular and the production function. Study the law of diminishing returns and how the ‘rational producer’ can operate along with specific equilibrium conditions and the optimal combination of inputs. You will also learn about the various categories of production costs. By the end of the course the complex algebra of the break-even analysis will be broken down along with the importance of economies of scale.This diploma course covers key concepts in managerial economics allowing you to significantly better your understanding of demand forecasting along with the theories of production and costs. It will be of substantial interest to business and sales managers who want to have a positive impact on their companies’ bottom lines. Students preparing for managerial careers will find the course particularly important. So why wait? Start this course today and significantly improve your knowledge of the production costing and demand forecasting.
Disclaimer: Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
Disclaimer: Some of the links on this website are affiliate links, meaning we may earn a commission if you click through and make a purchase. This comes at no additional cost to you.
By clicking the button above, you acknowledge that you will be redirected to a third-party website and agree to their terms and conditions.
Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
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Share this product with a friend:
Refer a friend and earn 0.05 CEC when they click the link, plus an additional 1.00 CEC if they register. Share this Product and boost your earnings together!