Graduate
Institute of Social Sciences
Production Economics (Without Thesis)
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Production Economics (Without Thesis) Main Page

Production Economics (Without Thesis)

Program Objectives Fellowships and Discount in Tuition Fee International Cooperations
Establishment Tuition Fee Occupational Profiles Of Graduates
Qualification Awarded Double Major–Minor Programs Access to Further Studies
Language of Instruction Internship Departmental Facilities
Mode of Education Grading Scheme Program Activities
Admission and Registration Requirements Graduation Requirements Contact Information


Program Objectives

Economics of production, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw material, fixed capital good, etc., that it employs (its “inputs” or “factors of production”) it will use. The theory involves some of the most fundamental principles of economics. These include the relationship between the prices of commodities and the prices (or wages or rents) of the productive factors used to produce them and also the relationships between the prices of commodities and productive factors, on the one hand, and the quantities of these commodities and productive factors that are produced or used, on the other.

A production economist focuses on assessment, and will use an aggregate description of technology to answer such questions as: How does the firm compare to its competitors? Has the firm improved its production capabilities? A production engineer focuses on optimizing resources, and will use a detailed description of technology to answer a completely different set of questions: Which operations or plants should produce which products at what time? Should resource capacity be expanded and, if so, which resources should be acquired? Each group could benefit from the other group's perspective.





Establishment







Qualification Awarded







Language of Instruction







Mode of Education







Admission and Registration Requirements







Fellowships and Discount in Tuition Fee







Tuition Fee







Double Major–Minor Programs







Internship







Grading Scheme







Graduation Requirements







International Cooperations







Occupational Profiles Of Graduates







Access to Further Studies







Departmental Facilities







Program Activities







Contact Information