Booking options
£34
£34
On-Demand course
14 days
All levels
The aim of the "Production and Cost Analysis and Estimation" course is to provide students with a comprehensive understanding of the production process, the cost structure of a firm, and the methods used to estimate costs and production functions.After the successful completion of the course, you will be able to:
Understand the Classical Production Theory.
Understand the Optimum Factor of Combinations.
Understand the Price Elasticity of Supply.
Understand the Short-run and Long-run Cost Theories.
Understand the Break-even-analysis, Cost-Benefit analysis, Outscoring, and Cost.
Understand the Learning curve, Product innovation, and Process Innovation Life-Cycle Model.
This economics course focuses on the analysis of production functions, cost functions, and the relationship between input and output. The course covers topics such as marginal cost, average total cost, and average variable cost, as well as the estimation techniques of cost functions and production functions. Students will learn about how firms make production decisions and how they can estimate and optimize their production costs to achieve maximum profitability.
This course is an economics course that focuses on the analysis of production functions, cost functions, and the relationship between input and output. The course covers topics such as marginal cost, average total cost, and average variable cost, as well as the estimation techniques of cost functions and production functions. Students will learn about how firms make production decisions and how they can estimate and optimize their costs of production to achieve maximum profitability.
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Interacting with Lectures/Learning Components Watch this video to gain further insight.
Production and Cost Analysis & Estimation Self-paced pre-recorded learning content on this topic.
Production And Cost Analysis And Estimation Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct.
All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.
There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course.
The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience.
Business Analyst
Financial Analyst
Operations Manager
Production Planner
Cost Estimator
Supply Chain Manager
Management Consultant
Economist
Average Completion Time
2 Weeks
Accreditation
3 CPD Hours
Level
Advanced
Start Time
Anytime
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The Metropolitan School of Business and Management (MSBM) is an Ed-...