Diploma in Managerial Economics - Theory of Production and Cost

Name: Diploma in Managerial Economics - Theory of Production and Cost
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Study different methods of sales forecasting and master the theory of diminishing returns in this free diploma course.

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Learning Outcomes

In this free course, you will learn how to:

Define 'demand forecasting'
Explain the typical steps for systematic demand forecasting
Discuss the subjective methods of demand forecasting
Distinguish between the various types of quantitative methods of demand forecasting
Discuss the theory of production
Describe the production function
List the properties of Cobb-Douglas production function
Define the conditions of equilibrium
Distinguish between the various categories of costs
Contrast the short-run costs to long-run costs
Explain the break-even analysis
Define 'economies of scale'

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