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05

Week 5 · Lecture Slides & Videos

Production Theory

Prof. Naveen Sunder

Two slide versions are available: the clean version for pre-lecture review, and the annotated version with in-class notes and worked examples. Lecture videos are listed below.
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Lecture Slides
Clean slide deck for Week 5. Covers production functions, total and marginal product, isoquants, the marginal rate of technical substitution, returns to scale, and the Cobb-Douglas production function. Use this for pre-lecture review.
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Annotated Lecture Slides
The same deck with the professor's in-class annotations, notes, and worked solutions added. Use this after lecture to review what was covered and fill any gaps in your own notes.
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Lecture Videos
5.01 Review for Prelim 1
5.02 Production Intro and Production Function
5.03 Total Product and Marginal Product
5.04 Isoquant
5.05 Marginal Rate of Technical Substitution
5.06 What Happens to the Isoquant When Technology Improves?
5.07 MRTS Example Problem
5.08 Returns to Scale
5.09 Returns to Scale Example Problem