Master Microeconomics: From Supply and Demand to Market Failures
Master Economics: From Supply & Demand to Market Failures - Dive into the complexities of economic theory with MIT OpenCourseWare's comprehensive video series. Learn preferences, competition, trade, and more. Transform your understanding of the global economy!
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What you'll learn
Understand the foundational concepts of supply and demand and how they interact in the market
Analyze the development and implications of different market structures like monopoly and oligopoly
Evaluate the effects of government intervention and taxation on economic efficiency and equity
Examine the causes and consequences of market failures, including externalities and informational asymmetry
Analyze the development and implications of different market structures like monopoly and oligopoly
Evaluate the effects of government intervention and taxation on economic efficiency and equity
Examine the causes and consequences of market failures, including externalities and informational asymmetry
This course includes
- 20.7 hours of video
- Certificate of completion
- Access on mobile and TV
Course content
1 modules • 26 lessons • 20.7 hours of video
Microeconomics: Concepts and Market Dynamics
26 lessons • 20.7 hours
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Microeconomics: Concepts and Market Dynamics
26 lessons • 20.7 hours
- 1. Introduction and Supply & Demand34:47
- 2. Preferences and Utility Functions41:23
- 3. Budget Constraints and Constrained Choice49:04
- 4. Demand Curves and Income/Substitution Effects49:31
- 5. Production Theory48:56
- 6. Costs50:41
- 7. Competition I48:35
- 8. Competition II50:15
- 9. Supply and Demand & Consumer/Producer Surplus47:49
- 10. Welfare Economics48:17
- 11. Monopoly I50:34
- 12. Monopoly II46:55
- 13. Oligopoly46:14
- 14. Oligopoly II45:10
- 15. Input Markets I—Labor Market50:16
- 16. Input Markets II—Labor and Capital49:00
- 17. Making Choices Over Time49:09
- 18. Increasing Savings & Introduction to Trade48:08
- 19. International Trade: Welfare and Policy48:16
- 20. Uncertainty48:30
- 21. Efficiency and Equity49:59
- 22. Government Redistribution and Taxation47:12
- 23. Market Failures I: Externalities48:46
- 23. Market Failures I: Externalities49:45
- 24. Market Failures II: Informational Asymmetry48:22
- 25. Health Economics45:21