Managerial Economics

  1. Production Theory and Analysis
    1. The Production Function
      1. Definition and Mathematical Representation
        1. Types of Production Functions
          1. Cobb-Douglas Production Function
            1. CES Production Function
              1. Linear Production Function
              2. Inputs
                1. Land
                  1. Labor
                    1. Capital
                      1. Technology
                      2. Short-Run vs. Long-Run Production
                        1. Fixed Inputs
                          1. Variable Inputs
                            1. Time Horizon Considerations
                          2. Short-Run Production Analysis
                            1. Total Product
                              1. Definition and Measurement
                                1. Total Product Curve
                                2. Average Product
                                  1. Calculation and Interpretation
                                    1. Average Product Curve
                                    2. Marginal Product
                                      1. Calculation and Interpretation
                                        1. Marginal Product Curve
                                        2. The Law of Diminishing Marginal Returns
                                          1. Statement and Explanation
                                            1. Stages of Production
                                              1. Stage I
                                                1. Stage II
                                                  1. Stage III
                                                  2. Rational Production Region
                                                2. Long-Run Production Analysis
                                                  1. Isoquants
                                                    1. Definition and Properties
                                                      1. Shape and Characteristics
                                                        1. Marginal Rate of Technical Substitution
                                                        2. Isocosts
                                                          1. Definition and Construction
                                                            1. Slope and Interpretation
                                                            2. Producer Equilibrium
                                                              1. Optimal Input Combination
                                                                1. Cost Minimization
                                                                  1. Output Maximization
                                                                  2. Returns to Scale
                                                                    1. Increasing Returns to Scale
                                                                      1. Constant Returns to Scale
                                                                        1. Decreasing Returns to Scale
                                                                          1. Measurement and Implications
                                                                        2. Technological Change and Productivity
                                                                          1. Types of Technological Change
                                                                            1. Neutral Technological Change
                                                                              1. Labor-Saving Technology
                                                                                1. Capital-Saving Technology
                                                                                2. Impact on Production Function
                                                                                  1. Measuring Productivity
                                                                                    1. Labor Productivity
                                                                                      1. Total Factor Productivity
                                                                                        1. Productivity Growth

                                                                                    Previous

                                                                                    5. Demand Estimation and Forecasting

                                                                                    Go to top

                                                                                    Next

                                                                                    7. Cost Theory and Analysis