ECON 333 PART II

(Lecture 1)

CH 5(1) PRODUCTION THEORY

1. Production Function

2. Stages of Production (Supplement)

3. Theory of Employment

4. Mathematical Model

(Lecture 2)

CH 5(2) EMPLOYMENT FACTORS

(Extended Coverage)

1. Basic Theory

2. Employment Factors

(Lecture 3)

CH 5(3) ISOQUANT ANALYSIS

1. Isoquant

2. Isocost

3. Producer Equilibrium

(Lecture 4)

CH 5(4) PRODUCTION MODELS

1. Isoquant Model

2. Multiple Plants Model

3. Diagrams

(Lecture 5)

CH 6(1) COST ANALYSIS

1. Definition

2. Diagrams

3. Long Run Cost Curve

3. Scale Economies

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(Lecture 6)

CH 6(2) COMPARATIVE ADVANTAGE

1. Breakeven Analysis (Supplement)

2. Comparative Advantage

3. Relevance of Wage

4. Exchange Rate

(Lecture 7)

CH 7(1) PERFECT COMPETITION

1. Characteristics

2. Price Determination

3. Profit Maximization

(Lecture 8)

CH 7(2) PERFECT COMPETION

1. Long-Run Equilibrium

2. Consumer and Producer Surplus

3. Benefit of Free Trade

(Lecture 9)

Study Guideline, Part II