Brief Course Description
1. Course Title:
Production Economics
2. Language of Instruction:
Tiếng Việt
3. Course Code:
PRO601047
4. Credits:
3
5. Course Objectives:
6. Brief Description of Course Content:
This course helps learners to apply the theory of producer behavior in practice. Specifically in this course, students will learn:
- Production function and problems in estimating production function.
- Analysis of Total Factor Productivity – TFP.
- Cost function, profit function and estimation method.
- Analysis of technical change (also known as technological change).
- Analysis of production efficiency: Technical efficiency, distribution efficiency and economic efficiency.
- Risk analysis in production.
The content of each lecture consists of 3 parts: (1) Basic theory; (2) Applied econometrics and illustrative research; (3) Practical exercises on the machine.