Outline
AREC 333-Production Economics
- Author:
- Xiaoli Fan
AREC 333-Economics of Production and Resource Management
University of Alberta
Xiaoli Fan
Fall, 2020
Table of Contents
Technical Aspect of Production: Single Input
Economic Aspect of Production: Input Perspective
Economic Aspect of Production: Output Perspective
Technical Aspect of Production: Multiple Inputs
Economic Aspect of Production: Multiple Inputs
- Isocost curve
- Cost Minimization-Cobb Douglas
- Expansion Path-Cobb Douglas
- Input Demand Function-CD
- Input Demand-CD-1 Input
- Output Max vs. Cost Min 1
- Output Max vs. Cost Min 2
- Conditional Input Demand-CD
- Output Supply - Blank
- Output Supply - Short Run
- Output Supply - Long Run
- Output Supply - Cobb Douglas - Short Run
- Output Supply - Cobb Douglas - Long Run
Labs