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  • Courseware 
    Principles of Microeconomics

    Principles of Microeconomics

    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 the use of microeconomic applications to address problems in current economic policy throughout the semester. This course is a core subject in MIT's undergraduate Energy Studies Minor. This Institute-wide program complements the deep expertise obtained in any major with a broad understanding of the interlinked realms of science, technology, and social sciences as they relate to energy and associated environmental challenges.

    Subjects:
    Economics
    Keywords:
    Microeconomics
    Resource Type:
    Courseware
     
  • Courseware 
    15.024 Applied Economics for Managers | Sloan School of Management

    15.024 Applied Economics for Managers | Sloan School of Management

    The fact of scarcity forces individuals, firms, and societies to choose among alternative uses – or allocations – of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist's criterion of market efficiency. Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.

    Subjects:
    Management
    Keywords:
    Microeconomics
    Resource Type:
    Courseware
     
    OER
  • Courseware 
    Microeconomic Theory IV

    Microeconomic Theory IV

    The topic of the class is information and contract theory. The purpose is to give an introduction to some of the main subjects in this field: decision making under uncertainty, risk sharing, moral hazard, adverse selection, mechanism design, and incomplete contracting.

    Subjects:
    Economics
    Keywords:
    Risk assessment Decision making Contracts Microeconomics
    Resource Type:
    Courseware
     
  • Courseware 
    Microeconomic Theory and Public Policy

    Microeconomic Theory and Public Policy

    This course applies microeconomic theory to analysis of public policy. It builds from the microeconomic model of consumer behavior and extends to operation of single and multiple markets and analysis of why markets sometimes fail. We will study empirical examples to evaluate theory, focusing on the casual effects of policy interventions on economic outcomes. Topics include minimum wages and employment, food stamps and consumer welfare, economics of risk and safety regulation, the value of education, and gains from international trade.

    Subjects:
    Economics and Political Science
    Keywords:
    Microeconomics Policy sciences Political planning
    Resource Type:
    Courseware