Managerial Economics

  1. Cost Theory and Analysis
    1. The Nature of Costs
      1. Economic vs. Accounting Costs
        1. Explicit vs. Implicit Costs
          1. Opportunity Cost in Production
            1. Sunk Costs
              1. Incremental Costs
                1. Fixed vs. Variable Costs
                2. Short-Run Cost Analysis
                  1. Fixed Costs
                    1. Definition and Examples
                      1. Total Fixed Cost Curve
                      2. Variable Costs
                        1. Definition and Examples
                          1. Total Variable Cost Curve
                          2. Total Costs
                            1. Relationship to Fixed and Variable Costs
                              1. Total Cost Curve
                              2. Average Costs
                                1. Average Fixed Cost
                                  1. Average Variable Cost
                                    1. Average Total Cost
                                      1. U-Shaped Average Cost Curves
                                      2. Marginal Cost
                                        1. Definition and Calculation
                                          1. Marginal Cost Curve
                                            1. Relationship to Average Costs
                                            2. Relationship between Production and Cost Curves
                                              1. Law of Diminishing Returns and Cost Curves
                                                1. Duality in Production and Cost
                                              2. Long-Run Cost Analysis
                                                1. The Long-Run Average Cost Curve
                                                  1. Derivation from Short-Run Curves
                                                    1. Shape and Explanation
                                                      1. Envelope Curve
                                                      2. Economies and Diseconomies of Scale
                                                        1. Sources of Economies of Scale
                                                          1. Technical Economies
                                                            1. Managerial Economies
                                                              1. Financial Economies
                                                                1. Marketing Economies
                                                                2. Sources of Diseconomies of Scale
                                                                  1. Coordination Problems
                                                                    1. Communication Difficulties
                                                                      1. Bureaucratic Inefficiencies
                                                                    2. Economies of Scope
                                                                      1. Definition and Examples
                                                                        1. Joint Production Benefits
                                                                          1. Diversification Advantages
                                                                          2. Minimum Efficient Scale
                                                                            1. Definition and Significance
                                                                              1. Industry Structure Implications
                                                                            2. The Learning Curve
                                                                              1. Concept and Theory
                                                                                1. Learning Curve Models
                                                                                  1. Measurement and Applications
                                                                                    1. Implications for Cost Reduction
                                                                                      1. Strategic Applications
                                                                                      2. Cost Estimation
                                                                                        1. Engineering Cost Estimates
                                                                                          1. Survivor Technique
                                                                                            1. Statistical Cost Functions
                                                                                              1. Short-Run Cost Functions
                                                                                                1. Long-Run Cost Functions
                                                                                                2. Methods of Cost Estimation
                                                                                                  1. Regression Analysis
                                                                                                    1. Time-Series Analysis

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                                                                                                6. Production Theory and Analysis

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                                                                                                8. Market Structure and Competitive Analysis