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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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- economics
- consumer behavior
- producer behavior
- welfare analysis
- measurement of productivity
- rationing
- insurance markets
- intertemporal behavior
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