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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This introductory course teaches the fundamentals of microeconomics. Topics include consumer theory, producer theory, the behavior of firms, market equilibrium, monopoly, and the role of the government in the economy. 14.01 is a Humanities, Arts, and Social Sciences (HASS) elective and is offered both terms.
Author(s):
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Chen, Chia-Hui
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Zhang, Hongliang
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Migueis, Marco
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Martinez-Bravo, Monica
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Schnabl, Peter
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Ke, Rongzhu
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Wheaton, William
Tag(s):
- economics
- market
- optimization
- allocation
- economic measurement
- analysis
- microeconomics
- demand
- supply
- equilibrium
- general equilibrium
- government interventions
- price elasticity of demand
- income elasticity of demand
- cross price elasticity of demand
- price elasticity of supply
- consumer behavior
- consumer preference
- utility functions
- margin
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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14.01 Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. This course introduces microeconomic concepts and analysis, supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, and welfare economics. Students will also be introduced to
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course provides an overview of the following macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed, as are public debt and international economic issues. This course also introduces basic models of macroeconomics and illustrates principles
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Tag(s):
- economics
- macroeconomics
- economics
- output
- employment
- determination
- unemployment
- interest rates
- federal reserve
- inflation
- monetary policy
- fiscal policy
- public debt
- international economics
- goods market
- market
- financial markets
- open economy
- exchange rate
- labor market
- phillips curve
- growth
- solow's model
- macroeconomics
- economics
- ou
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course is designed to introduce classic macroeconomic issues such as growth, inflation, unemployment, interest rates, exchange rates, technological progress, and budget deficits. The course will provide a unified framework to address these issues and to study the impact of different policies, such as monetary and fiscal policies, on th
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Tag(s):
- economics
- principles of macroeconomics
- measuring macroeconomic variables
- production functions
- labor markets
- consumption
- investment
- economic growth
- is-lm model
- as-ad model
- classical business policy
- price rigidity
- wage rigidity
- monetary policy
- fiscal policy
- economic crises
- policy in an open economy
- global economic imbalances
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage re
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Tag(s):
- economics
- consumer behavior
- producer behavior
- welfare analysis
- measurement of productivity
- rationing
- insurance markets
- intertemporal behavior
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course focuses on the following topics: basic theory of consumer behavior; production and costs; partial equilibrium analysis of pricing in competitive and monopolistic markets; general equilibrium; welfare; and externalities. It is recommended for students planning to apply to graduate school in economics, accounting, or finance.
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Tag(s):
- economics
- microeconomic theory
- consumer behavior
- production
- cost
- pricing
- competition
- monopoly
- market
- equilibrium
- welfare
- externalities
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This subject considers three topics of macroeconomics that are alive and controversial for policy today. The topics are: economic growth - the roles of capital accumulation, increased education, and technological progress in determining economic growth; savings - the effect of government and private debt on economic growth; and exchange-rat
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- economics
- exchange-rate
- great depression
- capital accumulation
- economic growth
- public debt
- private debt
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course is a survey of modern macroeconomics at a fairly advanced level. Topics include neoclassical and new& growth theory, consumption and saving behavior, investment, and unemployment. It also includes use of the dynamic programming techniques. Assignments include problem sets and written discussions of macroeconomic events. This cou
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Tag(s):
- economics
- advanced macroeconomics
- dynamic programming
- neoclassical and new growth theory
- consumption and saving behavior
- investment
- unemployment
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course is a survey of modern macroeconomics at a quite advanced level. Topics include the neoclassical growth model, overlapping generations, endogenous growth models, business cycles, incomplete nominal adjustment, incomplete financial markets, fiscal and monetary policy, consumption and savings, and unemployment. The course is also a
Author(s):
Tag(s):
- economics
- advanced macroeconomics
- dynamic programming
- neoclassical theory
- new growth theory
- consumption
- saving behavior
- investment
- unemployment
- financial markets
- asset pricing
- public finance
- externalities
- research and development
- innovation
- business cycles
- nominal adjustment
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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14.11 is a new class on the topic of field (that is, 'in situ') and laboratory experiments in the social sciences - both what these experiments have taught and can teach us and how to conduct them.
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- economics
- racial discrimination
- public health and persuasion
- incentives
- gender differences in economic environments
- intrinsic motivation and fairness
- educational quality
- corruption
- learning and social effects
- housing experiments
- voting behavior and political economy
- jury advocacy
- causal inference
- internal and external threats
- clustering
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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Game Theory is a misnomer for Multiperson Decision Theory, the analysis of situations in which payoffs to agents depend on the behavior of other agents. It involves the analysis of conflict, cooperation, and (tacit) communication. Game theory has applications in several fields, such as economics, politics, law, biology, and computer science
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course provides an introduction to microeconomic theory and is the first course in the microeconomic theory series. It is intended for graduate students in the economics program. Some components of the course are designed to teach material that all graduate students should know while others are used to introduce methodologies. Topics o
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Tag(s):
- economics
- microeconomic theory
- theories of production and individual choice (under certainty and uncertainty)
- markets and competition
- tools of comparative statics and their application to price theory
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This half-semester course provides an introduction to microeconomic theory designed to meet the needs of students in the economics Ph.D. program. Some parts of the course are designed to teach material that all graduate students should know. Others are used to introduce methodologies. Topics include consumer and producer theory, markets and
Author(s):
Tag(s):
- economics
- microeconomic theory
- demand theory
- producer theory; partial equilibrium
- competitive markets
- general equilibrium
- externalities
- afriat's theorem
- pricing
- robust comparative statics
- utility theory
- properties of preferences
- choice as primitive
- revealed preference
- classical demand theory
- kuhn-tucker necessary conditions
- implication
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course offers an introduction to noncooperative game theory. The course is intended both for graduate students who wish to develop a solid background in game theory in order to pursue research in the applied fields of economics and related disciplines, and for students wishing to specialize in economic theory. While the course is desig
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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The central topic of this course is the theory of general equilibrium and its applications and extensions.
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Tag(s):
- economics
- theory of general equilibrium
- existence of equilibrium
- optimality of equilibrium
- arrow's impossibility theorem
- externalities
- public goods
- intertemporal competitive equilibrium
- insurance
- incomplete markets
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This is a half-semester course which covers the topics in Microeconomic Theory that everybody with a Ph.D. from MIT Economics Department should know but that have not yet been covered in the Micro sequence. Hence, it covers several unrelated topics. The topics come from three general areas: Decision Theory, Game Theory, and Behaviorla Econo
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Tag(s):
- economics
- microeconomic theory
- reputation formation
- rationalizability
- game theory
- behavioral economics
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