AREC2001 - SUMMARISED HD NOTES AND ASSESSMENT PREPARATION TEMPLATE

Description

These notes are for AREC2001 This document contains summarised notes of lectures week 1 to 13 inclusive. The unit has two assignments instead of a mid semester exam. Which the content provided in these notes, I received 20/20 for both, and went into the final exam on 100%. To help you, additional to summarise lecture notes, I have also included my personal explanation to the concepts tested in the assignments, in hope it could assist with yours. I would suggest paying close attention to these concepts as they also composed 30% of the final exam. I would also give attention to the one input/ one output section, as that was heavily examined too. I have gone into additional depth for these two sections as I believe they will help you the most. In the preview, I have included: - Document Table of Contents - Snippet from Lecture 3: One Input/ One Output - Snippet from Lecture 8: Multiple Inputs/ Two Outputs - Snippet from Assignment Prep section Topic List is the following: Introduction One Input/ One Output Cost Functions And Their Properties (Duality) Multiple Inputs/ One Outputs Production With Multiple Inputs/ Two Outputs Assignment Prep Short Run And Long Run Fisheries Forests Production And Decision Making Under Risk (see preview for a more detailed topic list) Good luck in your studies!