1.2 — Technology and Cost — Class Content
Overview
We begin our review/extension of basic production concepts from microeconomics. Today we focus primarily on production functions and costs. These will be relevant regardless of what kind of market structure we are looking at.
Readings
Recommended Readings
- Ch. 2.1-2.2, 3.1 in Church & Ware, 2000
Slides
Below, you can find the slides in two formats. Clicking the image will bring you to the html version of the slides in a new tab. The lower button will allow you to download a PDF version of the slides.
Tip
You can type h to see a special list of viewing options, and type o for an outline view of all the slides.
I suggest printing the slides beforehand and using them to take additional notes in class (not everything is in the slides)!
