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PRODUCTION ECONOMICS

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Instructor:
Course Venue:

Lower Lecture Theatre

Agriculture
AG002
College of Agricultural and Environmental Sciences
Course Code: 
AEC 2103
Course Credit Units: 
3
Semester: 
Semester 1
Year of Study: 
Year 2
Undergraduate or Graduate Level: 
Undergraduate Level
Course Discipline: 
Course Description & Objectives: 

Background to the course and stage setting in relation to changing circumstance related to resource use. Analysis of Production with one variable input. Production with more than one factor of production. Understanding Costs and underlying relations. Industry’s supply and factor demand. Optimum resource and enterprise combination.                                                                                                                                                                                                                                                objectives :

  • To provide students with an understanding of  the production process from an economic point of view to ensure efficiency in resource use.
  • To understand how inputs and outputs are relate.
  • To provide students with a quantitative and analytical approach of understanding derivations of optimal resource and enterprise combinations.

 

PRODUCTION ECONOMICS
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Microsoft Office document icon AEC 2103 PRODUCTION ECONOMICS.doc51.5 KB