Production Economics (AGEC2103)

UNIT OF STUDY

This unit builds on microeconomic principles studied in first year and applies them to the analysis of firms' decisions. Emphasis is put on the formalization of the firm's problem and in the use of duality. The topics include: production functions (single and multi-output); distance functions and their use in the measurement of productivity; the decomposition of productivity and productivity changes; production under risk; cost and profit functions. N.B. Available to 2nd year students in the Faculty of Economics and Business

Our courses that offer this unit of study

Further unit of study information

Classes

2x1-hr lectures/week, 1x2-hr tutorial/week commencing week 2

Assessment

2 x assignments (40%) and 1x2hr exam (60%)

Textbooks

Collection of readings

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

ECON1001 or AGEC1006 or (AGEC1003 and AGEC1004) or RESEC1031

Prohibitions

AGEC2003

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Find a non-award course for this unit of study

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.

Find a cross-institutional course for this unit of study