Suhyeon Lee
MIT OpenCourseWare | Fall 2023 | Prof. Jonathan Gruber
MIT 14.01 Principles of Microeconomics
한국어Course Information
| Course | MIT 14.01 Principles of Microeconomics |
| Semester | Fall 2023 |
| Instructor | Prof. Jonathan Gruber |
| Department | Economics |
| Level | Undergraduate |
| Source | MIT OpenCourseWare |
Course Description
This introductory undergraduate course covers the fundamentals of microeconomics. Topics include supply and demand, market equilibrium, consumer theory, production and the behavior of firms, monopoly, oligopoly, welfare economics, public goods, and externalities.
Topics Covered
Part 1: Foundations
- Supply and Demand
- Market Equilibrium
- Consumer Theory
Part 2: Production & Firms
- Production Theory
- Behavior of Firms
- Cost Analysis
Part 3: Market Structures
- Perfect Competition
- Monopoly
- Oligopoly
Part 4: Market Failures & Policy
- Welfare Economics
- Public Goods
- Externalities
Why This Course?
- Policy Perspective: Analyze problems facing policymakers through economics
- Three Approaches: Mathematical, graphical, and intuitive understanding
Lecture Notes
| Lecture | Topic | Link |
|---|---|---|
| Lec 1 | Introduction to Microeconomics | Notes |
| Lec 2 | Preferences and Utility Functions | Notes |
| Lec 3 | Budget Constraints and Constrained Choice | Notes |
| Lec 4 | Demand Curves and Income/Substitution Effects | Notes |
| Lec 5 | Production Theory | Notes |
| Lec 6 | Costs | Notes |
| Lec 7 | Competition I | Notes |
| Lec 8 | Competition II | Notes |
License
This course material is from MIT OpenCourseWare, shared under Creative Commons License.
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