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Unit 6. Production and costs

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Content:

6.1 Firms and production
6.2 The production function
6.3 Cost functions in the short-run
6.4 Long-run average cost and returns to scale
6.5 The supply curve of the competitive firm

Bibliography:

  • Krugman 6. Behind the supply curve: inputs and costs
  • Krugman 7. Perfect competition and the supply curve
  • Class notes

Multimedia resources:

Suggested reading:


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RECENT ADDITIONS

> The course starts on February 1.

UPM
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