This document provides an overview of key concepts in industrial economics including: 1. It discusses micro and macro economics, and defines industrial economics as dealing with economic problems of firms and industries. 2. Some key concepts covered include production functions, costs, revenues, and market structures like monopoly and price discrimination. 3. Laws of production like returns to scale and variable proportions are explained, as well as cost concepts like total, average, and marginal costs.

1. INDUSTRIAL ECONOMICS

10. PRODUCTION FUNCTION

14. LEAST COST COMBINATION

21. LAW OF VARIABLE PROPORTIONS

26. LAW OF RETURNS

37. THEORY OF COSTS

39. COSTS MONEY COSTS OPPORTUNITY COST INCREMENTAL AND SUNK COST PRIVATE, EXTERNAL AND SOCIAL COSTS EXPLICIT COST IMPLICIT COST

43. SHORT RUN COSTS TOTAL COSTS AVERAGE COSTS MARGINAL COSTS TOTAL FIXED COSTS TOTAL VARIABLE COSTS AVERAGE FIXED COSTS AVGERAGE VARIABLE COSTS

52. Long Run Costs Long Run Costs Long Run Total Costs Long run Average Costs Long Run Marginal Costs

56. MARKETS