MIT 14.01 Principles of Microeconomics, Fall 2018
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
This course includes
- 20.5 hours of video
- Certificate of completion
- Access on mobile and TV
Course content
1 modules • 26 lessons • 20.5 hours of video
Microeconomics: Concepts and Market Dynamics
26 lessons
• 20.5 hours
Microeconomics: Concepts and Market Dynamics
26 lessons
• 20.5 hours
- 1. Introduction and Supply & Demand 34:47
- 2. Preferences and Utility Functions 41:24
- 3. Budget Constraints and Constrained Choice 49:05
- 4. Demand Curves and Income/Substitution Effects 49:31
- 5. Production Theory 48:57
- 6. Costs 50:41
- 7. Competition I 48:35
- 8. Competition II 50:15
- 9. Supply and Demand & Consumer/Producer Surplus 47:49
- 10. Welfare Economics 48:17
- 11. Monopoly I 50:34
- 12. Monopoly II 46:55
- 13. Oligopoly 46:14
- 14. Oligopoly II 45:11
- 15. Input Markets I—Labor Market 50:16
- 16. Input Markets II—Labor and Capital 49:00
- 17. Making Choices Over Time 49:10
- 18. Increasing Savings & Introduction to Trade 48:09
- 19. International Trade: Welfare and Policy 48:17
- 20. Uncertainty 48:30
- 21. Efficiency and Equity 49:59
- 22. Government Redistribution and Taxation 47:12
- 23. Market Failures I: Externalities 48:46
- 23. Market Failures I: Externalities 49:46
- 24. Market Failures II: Informational Asymmetry 48:22
- 25. Health Economics 45:21
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