Jaarboeke

Production economics 811


 
Modulekode LEK 811
Kwalifikasie Nagraads
Fakulteit Fakulteit Natuur- en Landbouwetenskappe
Module-inhoud

*Hierdie module word slegs in Engels aangebied.

This module follows on the final-year module LEK 421 and is taught at the intermediate level and now moves beyond the single input production function to analysis with multi-variable functions. Detailed exposure to production, cost and profit functions, and the duality that exists between these is a core element of the module. The focus will also be on the implications of the properties for the economic behavior of agents. At the end of this module students will have complete competence in algebraically solving for the cost minimisation and profit maximisation problems. Themes covered in the module are: Properties of production functions. Economic theory of cost. Economic Theory of Profits. Duality between the cost and production functions. Duality between the profit and production functions. Applied topics.

Modulekrediete 15.00
Kontaktyd 2 lesings per week, 1 praktiese sessie per week
Onderrigtaal Engels
Akademiese organisasie Landbou-ekonomie, Voorligting
Aanbiedingstydperk Semester 2

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