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Instructor Name

Orhan Gazi Selkan

Category

Education

Reviews

5 (1 Rating)

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Course Description

This course is basically for students who would like to understand how economists view cost. As economists, we just don't just consider out–of–pocket expenses, we also consider implicit costs. They are costs that are intangible which you cannot find on the financial statement, which are known as opportunity costs.

Learning outcomes
 You will know how to define cost as an economist.
 You will know the difference between long–run and short–run costs.
 You will understand the concepts of marginal and average costs.
 You will understand the concept of economies of scale.
 You will understand the concept of diseconomies of scale and why they occur.
 You will be aware of cost functions and their properties.

Subject Headings:
 What is economist cost?
 What are the types of costs?
 How do we graph the total cost curves?
 How do we graph the marginal and average cost curves?
 What is the relationship between average cost and marginal cost?
 How is cost calculated in figures?
 What are long–run costs?
 What are the properties of cost functions?

Certificate

After the webinar is completed, the certificate of participation will be activated. This webinar is free of charge, however, a fee is required if you want to receive a participation certificate.


PAYMENT BY BANK TRANSFER

Apart from credit card payments, you can make your payment by transferring to the UBAN number. Account Number: 10-304-0000134885 – NEAR EAST UNIVERSITY LTD.

Near East Bank – UBAN: CT16139050100103040000134885 It is mandatory to write your Name – Surname and E-mail address during payment by money order.

After the payment, send your receipt to info.estudybox@neu.edu.tr with your Name – Surname, and E-mail address.

Course Curriculum

1 Understanding Cost as an Economist.
15 Min


Instructor

Orhan Gazi Selkan

5 Rating
1 Reviews
610 Students
4 Courses

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Understanding Cost as an Economist

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