14.04 Intermediate Microeconomic Theory (Fall 2020, MIT OCW). Instructor: Prof. Robert M. Townsend. This course provides an introduction to theory and data designed to meet the needs of students interested in economic science.

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September 26, 2023

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September 26, 2023

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FREE

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Description

14.04 Intermediate Microeconomic Theory (Fall 2020, MIT OCW). Instructor: Prof. Robert M. Townsend. This course provides an introduction to theory and data designed to meet the needs of students interested in economic science.

. It provides an introduction to consumer choice, the theory of the firm, and general equilibrium models, with an overview of the main results and tools used in studying these topics, both directly in economics and indirectly in various other fields. This includes analysis of consumer and producer decisions, partial and general equilibrium analysis, insurance, the welfare theorems and failures of these theorems as with externalities but with resolutions, contract theory and mechanism design, policy analysis, the content of theory for data, and the design of media of exchange as with Bitcoin and markets made possible by distributed ledgers. (from ocw.mit.edu)

Course Curriculum

  • Lecture 01 – Economic Science Unlimited
  • Lecture 02 – Consumer Choice Unlimited
  • Lecture 03 – Income and Substitution Effects Unlimited
  • Lecture 04 – Production and Profit Maximization Unlimited
  • Lecture 05 – Uncertainty and Linear Problems Unlimited
  • Lecture 06 – Dynamics and Programming Unlimited
  • Lecture 07 – Pareto Optimality Unlimited
  • Exam 01 – Review Unlimited
  • Lecture 08 – Risk Sharing Application Unlimited
  • Lecture 09 – Risk Sharing with Production Unlimited
  • Lecture 10 – Ledgers and Management Unlimited
  • Lecture 11 – Contracts and Mechanism Design Unlimited
  • Lecture 12 – Contract Application, Obstacles Unlimited
  • Lecture 13 – Walrasian Equilibrium and Trade Unlimited
  • Lecture 14 – Real and Financial Flows: Thailand Unlimited
  • Lecture 15 – Data and Policy in the United States Unlimited
  • Exam 02 – Review Unlimited
  • Lecture 16 – Fundamental Welfare Theorems Unlimited
  • Lecture 17 – Existence of Equilibria Unlimited
  • Lecture 18 – Aggregation Unlimited
  • Lecture 19 – Identification and Falsification Unlimited
  • Lecture 20 – Failure of Welfare Theorems Unlimited
  • Lecture 21 – Bubbles Unlimited
  • Exam 03 – Final Exam Review Unlimited

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