Productivity and Efficiency Analysis (ECON7341)
Information valid for Semester 1, 2025
Course level
Postgraduate Coursework
Faculty
School
Economics School
Units
2
Duration
One Semester
Attendance mode
In Person
Class hours
2 Lecture hours
1 Tutorial hour
Incompatible
ECON3340
Prerequisite
(ECON2300 + ECON2320) or (ECON7310 + ECON7322)
Recommended prerequisite
ECON2050 or ECON7250
Assessment methods
Midsemester examination, project, final examination
Course enquiries
Professor Christopher O'Donnell (Semester 1, Regular, St Lucia, In person)
Current course offerings
| Course offerings | Location | Mode | Course Profile |
| Semester 1, 2025 (24/02/2025 - 21/06/2025) | St Lucia | In Person | Course Profile |
Please Note: Course profiles marked as not available may still be in development.
Course description
The objective of the course is to educate students with contemporary methodology for productivity and efficiency analysis of various economic systems (e.g., countries, regions, industries, firms, public sectors, etc.). The course is composed of four parts. The first part is focused on production theory covering the essence of its economic foundation and mathematical structure. The second part is focused on theoretical aspects of proper measurements of efficiency and productivity, including index numbers theory. The third is focused on practical estimation issues using the Data Envelopment Analysis (DEA) approach. The fourth part is focused on practical estimation issues using the Stochastic Frontier Analysis approach. Overall, the resulting knowledge is intended to be sufficient for student's future own applied work (in businesses, government, consulting companies, etc.) and provide a solid background for the study of more advanced topics in productivity and efficiency analysis.
