This course tackles the basic theories of production economics. It teaches the principles, the considerations, and the conditions with which output is maximized, cost/input is minimized or efficiently used, and profit is maximized. It utilizes both mathematical and non-mathematical strategies of understanding the production systems, behaviors/dynamics,, potentials, and issues to circumvent barriers/bottlenecks of achieving the highest possible output of production.
- Teacher: Raquel Balanay