Course Outline:

1. Theory of Costs Determination

2.Traditional  and Modern Theory of Cost

(a) Short-run Traditional Cost theory

(b)Short-run Modern cost theory

3(a) Long run costs under  the traditional theory of costs

(b) Long-run cost under the Modern theory of costs

4. Economies and Dis economies of Scale

5. Production functions and Types

6. Multi-plant-Monopolists and Monopolistic Competitive Market

7 Income  Distribution Theory and  Marginal Productivity Theory of Distribution