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14.41 Public Finance and Public Policy (MIT) 14.41 Public Finance and Public Policy (MIT)

Description

Explores the role of government in the economy, applying tools of basic microeconomics to answer important policy questions such as government response to global warming, school choice by K-12 students, Social Security versus private retirement savings accounts, government versus private health insurance, setting income tax rates for individuals and corporations. Explores the role of government in the economy, applying tools of basic microeconomics to answer important policy questions such as government response to global warming, school choice by K-12 students, Social Security versus private retirement savings accounts, government versus private health insurance, setting income tax rates for individuals and corporations.

Subjects

social security | social security | insurance | insurance | taxation | taxation | welfare | welfare | public education | public education | economics of public goods | economics of public goods | corporate taxation | corporate taxation | taxation and savings | taxation and savings | tax reform | tax reform | redistribution | redistribution | fiscal federalism | fiscal federalism | political economy | political economy | externalities | externalities | health insurance | health insurance | disability insurance | disability insurance | workers compensation | workers compensation | public finance | public finance | public policy | public policy

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.472 Public Economics II (MIT) 14.472 Public Economics II (MIT)

Description

This course covers theory and evidence on government expenditure policy-- topics include: The theory of public goods; Education; State and local public goods; Political economy; Redistribution and welfare policy; Social insurance programs such as social security and unemployment insurance; and Health care policy. This course covers theory and evidence on government expenditure policy-- topics include: The theory of public goods; Education; State and local public goods; Political economy; Redistribution and welfare policy; Social insurance programs such as social security and unemployment insurance; and Health care policy.

Subjects

expenditure policy | expenditure policy | theory of public goods | theory of public goods | state public goods | state public goods | local public goods | local public goods | political economy | political economy | welfare policy | welfare policy | social insurance | social insurance | social security | social security | unemployment insurance | unemployment insurance | health care policy | health care policy

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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health from abroad

Description

Looking at the impact of financial remittances on immigrant relatives? access to healthcare via community-based health insurances For many years, the migration and development literature has looked at the impact of financial remittances on immigrant relatives? access to healthcare. More recent work on social remittances also examined the circulation of ideas and practices through migration and its impact on behaviour and consumption patterns in the home country. Surprisingly, however, migration scholars have neglected the interactions between remittances and local health systems in countries of origin. This is all the more surprising considering the abundant literature on health and development that has documented numerous non-governmental initiatives to improve access to care in the Wales; http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

Subjects

remittances | health insurance | congo | migration | community-based health insurance | remittances | health insurance | congo | migration | community-based health insurance | 2015-12-02

License

http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

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The United Insurance Company, Brisbane Office [architectural drawing], Jun 1902 The United Insurance Company, Brisbane Office [architectural drawing], Jun 1902

Description

Subjects

architecture | architecture | design | design | united | united | brisbane | brisbane | company | company | blueprint | blueprint | queensland | queensland | insurance | insurance | 1902 | 1902 | statelibraryofqueensland | statelibraryofqueensland | federationarchitecture | federationarchitecture | slq | slq | unitedinsurancecompany | unitedinsurancecompany | robindods | robindods | halldods | halldods

License

No known copyright restrictions

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14.41 Public Finance and Public Policy (MIT)

Description

Explores the role of government in the economy, applying tools of basic microeconomics to answer important policy questions such as government response to global warming, school choice by K-12 students, Social Security versus private retirement savings accounts, government versus private health insurance, setting income tax rates for individuals and corporations.

Subjects

social security | insurance | taxation | welfare | public education | economics of public goods | corporate taxation | taxation and savings | tax reform | redistribution | fiscal federalism | political economy | externalities | health insurance | disability insurance | workers compensation | public finance | public policy

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm

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14.03 Intermediate Applied Microeconomics (MIT) 14.03 Intermediate Applied Microeconomics (MIT)

Description

This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage regulations, food stamp provision, trade protection, educational credentials, health insurance markets, and Internet shopping. This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage regulations, food stamp provision, trade protection, educational credentials, health insurance markets, and Internet shopping.

Subjects

consumer behavior | consumer behavior | producer behavior | producer behavior | welfare analysis | welfare analysis | measurement of productivity | measurement of productivity | rationing | rationing | insurance markets | insurance markets | intertemporal behavior | intertemporal behavior

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.661 Labor Economics I (MIT) 14.661 Labor Economics I (MIT)

Description

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the interaction of theoretical and empirical modeling and the development of independent research interests. Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the interaction of theoretical and empirical modeling and the development of independent research interests.

Subjects

labor economics | public policy | schooling | learning | matching | experience | wages | minimum wage | college | investment | training | firms | corporations | labor | unions | panel data | neoclassical model | turnover models | turnover | economics | labor economics | public policy | schooling | learning | matching | experience | wages | minimum wage | college | investment | training | firms | corporations | labor | unions | panel data | neoclassical model | turnover models | turnover | economics | labor | labor | market | market | statistics | statistics | theory | theory | neoclassical | neoclassical | supply | supply | model | model | life-cycle | life-cycle | demand | demand | wages | wages | immigration | immigration | human capital | human capital | econometrics | econometrics | liquidity | liquidity | constraints | constraints | mobility | mobility | incentives | incentives | organization | organization | moral hazard | moral hazard | insurance | insurance | investments | investments | efficiency | efficiency | unemployment | unemployment | search | search | jobs | jobs | training | training | capital | capital | firm | firm | technology | technology | skills | skills | risk | risk | signaling | signaling | discrimination | discrimination | self-selection | self-selection | learning | learning | natives | natives

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.123 Microeconomic Theory III (MIT) 14.123 Microeconomic Theory III (MIT)

Description

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games, repeated games, and correlation. This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games, repeated games, and correlation.

Subjects

microeconomics | microeconomics | microeconomic theory | microeconomic theory | preference | preference | utility representation | utility representation | expected utility | expected utility | positive interpretation | positive interpretation | normative interpretation | normative interpretation | risk | risk | stochastic dominance | stochastic dominance | insurance | insurance | finance | finance | supermodularity | supermodularity | comparative statics | comparative statics | decision theory | decision theory | game theory | game theory | rationalizability | rationalizability | iterated strict dominance | iterated strict dominance | iterated conditional dominance | iterated conditional dominance | bargaining | bargaining | equilibrium | equilibrium | sequential equilibrium | sequential equilibrium | trembling-hand perfection | trembling-hand perfection | signaling games | signaling games | auctions | auctions | global games | global games | repeated games | repeated games | correlation | correlation

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.64 Labor Economics and Public Policy (MIT) 14.64 Labor Economics and Public Policy (MIT)

Description

The course is an introduction to the field of Labor Economics, with an eye to helping students think critically about research and public policy. The emphasis is on applied microeconomics and empirical analysis. Topics to be covered include: labor supply and demand, taxes and transfers, human capital, minimum wages, income distribution, unions and strikes, immigration, incentives, discrimination, unemployment and unemployment insurance. The course is an introduction to the field of Labor Economics, with an eye to helping students think critically about research and public policy. The emphasis is on applied microeconomics and empirical analysis. Topics to be covered include: labor supply and demand, taxes and transfers, human capital, minimum wages, income distribution, unions and strikes, immigration, incentives, discrimination, unemployment and unemployment insurance.

Subjects

Labor Economics | Labor Economics | public policy | public policy | applied microeconomics | applied microeconomics | empirical analysis | empirical analysis | labor supply and demand | labor supply and demand | taxes and transfers | taxes and transfers | human capital | human capital | minimum wages | minimum wages | income distribution | income distribution | unions and strikes | unions and strikes | immigration | immigration | incentives | incentives | discrimination | discrimination | unemployment and unemployment insurance | unemployment and unemployment insurance

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.771 Development Economics: Microeconomic Issues and Policy Models (MIT) 14.771 Development Economics: Microeconomic Issues and Policy Models (MIT)

Description

Prerequisites: 14.121, 14.122Topics include: Agricultural issues: peasant behavior, land tenancy, and interlinked markets. Credit and insurance market problems and institutions. Health, nutrition, and productivity. Gender bias. Education. Technological change. Government failures. Prerequisites: 14.121, 14.122Topics include: Agricultural issues: peasant behavior, land tenancy, and interlinked markets. Credit and insurance market problems and institutions. Health, nutrition, and productivity. Gender bias. Education. Technological change. Government failures.

Subjects

Agricultural issues | Agricultural issues | peasant behavior | peasant behavior | land tenancy | land tenancy | interlinked markets | interlinked markets | Credit market | Credit market | insurance market | insurance market | Health | Health | nutrition | nutrition | productivity | productivity | Gender bias | Gender bias | Education | Education | Technological change | Technological change | Government failures | Government failures

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.03 Intermediate Applied Microeconomics (MIT) 14.03 Intermediate Applied Microeconomics (MIT)

Description

This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage regulations, food stamp provision, trade protection, educational credentials, health insurance markets, and Internet shopping. This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage regulations, food stamp provision, trade protection, educational credentials, health insurance markets, and Internet shopping.

Subjects

consumer behavior | consumer behavior | producer behavior | producer behavior | welfare analysis | welfare analysis | measurement of productivity | measurement of productivity | rationing | rationing | insurance markets | insurance markets | intertemporal behavior | intertemporal behavior

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.123 Microeconomic Theory III (MIT) 14.123 Microeconomic Theory III (MIT)

Description

The central topic of this course is the theory of general equilibrium and its applications and extensions. The central topic of this course is the theory of general equilibrium and its applications and extensions.

Subjects

theory of general equilibrium | theory of general equilibrium | existence of equilibrium | existence of equilibrium | optimality of equilibrium | optimality of equilibrium | Arrow's impossibility theorem | Arrow's impossibility theorem | externalities | externalities | public goods | public goods | intertemporal competitive equilibrium | intertemporal competitive equilibrium | insurance | insurance | incomplete markets | incomplete markets

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.73 The Challenge of World Poverty (MIT) 14.73 The Challenge of World Poverty (MIT)

Description

Includes audio/video content: AV lectures. This is a course for those who are interested in the challenge posed by massive and persistent world poverty, and are hopeful that economists might have something useful to say about this challenge. The questions we will take up include: Is extreme poverty a thing of the past? What is economic life like when living under a dollar per day? Why do some countries grow fast and others fall further behind? Does growth help the poor? Are famines unavoidable? How can we end child labor—or should we? How do we make schools work for poor citizens? How do we deal with the disease burden? Is micro finance invaluable or overrated? Without property rights, is life destined to be "nasty, brutish and short"? Has globalization been good to the poo Includes audio/video content: AV lectures. This is a course for those who are interested in the challenge posed by massive and persistent world poverty, and are hopeful that economists might have something useful to say about this challenge. The questions we will take up include: Is extreme poverty a thing of the past? What is economic life like when living under a dollar per day? Why do some countries grow fast and others fall further behind? Does growth help the poor? Are famines unavoidable? How can we end child labor—or should we? How do we make schools work for poor citizens? How do we deal with the disease burden? Is micro finance invaluable or overrated? Without property rights, is life destined to be "nasty, brutish and short"? Has globalization been good to the poo

Subjects

world poverty | world poverty | consumption | consumption | food | food | health | health | education | education | family | family | insurance | insurance | risk | risk | credit | credit | savings | savings | entrepreneurship | entrepreneurship | political economy | political economy | economics | economics

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.01SC Principles of Microeconomics (MIT) 14.01SC Principles of Microeconomics (MIT)

Description

Includes audio/video content: AV lectures. 14.01 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 environmen Includes audio/video content: AV lectures. 14.01 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 environmen

Subjects

Microeconomics | Microeconomics | prices | prices | normative economics | normative economics | positive economics | positive economics | microeconomic applications | microeconomic applications | supply | supply | demand | demand | equilibrium | equilibrium | demand shift | demand shift | supply shift | supply shift | government interference | government interference | elasticity | elasticity | revenue | revenue | empirical economics | empirical economics | consumer theory | consumer theory | preference assumptions | preference assumptions | indifference curves | indifference curves | utility functions | utility functions | marginal utility | marginal utility | budget constraints | budget constraints | marginal rate of transformation | marginal rate of transformation | opportunity cost | opportunity cost | constrained utility maximization | constrained utility maximization | corner solutions | corner solutions | Engel curves | Engel curves | income effect | income effect | substitution effect | substitution effect | Giffin good | Giffin good | labor economics | labor economics | child labor | child labor | producer theory | producer theory | variable inputs | variable inputs | fixed inputs | fixed inputs | firm production functions | firm production functions | marginal rate of technical substitution | marginal rate of technical substitution | returns to scale | returns to scale | productivity | productivity | perfect competition | perfect competition | search theory | search theory | residual demand | residual demand | shutdown decisions | shutdown decisions | market equilibrium | market equilibrium | agency problem | agency problem | welfare economics | welfare economics | consumer surplus | consumer surplus | producer surplus | producer surplus | dead weight loss | dead weight loss | monopoly | monopoly | oligopoly | oligopoly | market power | market power | price discrimination | price discrimination | price regulation | price regulation | antitrust policy | antitrust policy | mergers | mergers | cartel | cartel | game theory | game theory | Nash equilibrium | Nash equilibrium | Cournot model | Cournot model | duopoly | duopoly | non-cooperative competition | non-cooperative competition | Bertrand competition | Bertrand competition | factor markets | factor markets | international trade | international trade | uncertainty | uncertainty | capital markets | capital markets | intertemporal choice | intertemporal choice | real interest rate | real interest rate | compounding | compounding | inflation | inflation | investment | investment | discount rate | discount rate | net present value | net present value | income distribution | income distribution | social welfare function | social welfare function | Utilitarianism | Utilitarianism | Raulsian criteria | Raulsian criteria | Nozickian | Nozickian | commodity egalitarianism | commodity egalitarianism | isowelfare curves | isowelfare curves | social insurance | social insurance | social security | social security | moral hazard | moral hazard | taxation | taxation | EITC | EITC | healthcare | healthcare | PPACA | PPACA

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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HST.921 Information Technology in the Health Care System of the Future (MIT) HST.921 Information Technology in the Health Care System of the Future (MIT)

Description

Includes audio/video content: AV faculty introductions. This innovative, trans-faculty subject teaches how information technologies (IT) are reshaping and redefining the health care marketplace through improved economies of scale, greater technical efficiencies in the delivery of care to patients, advanced tools for patient education and self-care, network integrated decision support tools for clinicians, and the emergence of e-commerce in health care. Student tutorials provide an opportunity for interactive discussion. Interdisciplinary project teams comprised of Harvard and MIT graduate students in medicine, business, law, education, engineering, computer science, public health, and government collaborate to design innovative IT applications. Projects are presented during the final class Includes audio/video content: AV faculty introductions. This innovative, trans-faculty subject teaches how information technologies (IT) are reshaping and redefining the health care marketplace through improved economies of scale, greater technical efficiencies in the delivery of care to patients, advanced tools for patient education and self-care, network integrated decision support tools for clinicians, and the emergence of e-commerce in health care. Student tutorials provide an opportunity for interactive discussion. Interdisciplinary project teams comprised of Harvard and MIT graduate students in medicine, business, law, education, engineering, computer science, public health, and government collaborate to design innovative IT applications. Projects are presented during the final class

Subjects

health care | health care | health care policy | health care policy | patient behavior | patient behavior | information management | information management | medical informatics | medical informatics | medical records | medical records | health record | health record | online medicine | online medicine | PHR | PHR | EHR | EHR | patient privacy | patient privacy | entrepreneurship | entrepreneurship | start-up | start-up | innovation | innovation | cybermedicine | cybermedicine | telemedicine | telemedicine | non-profit | non-profit | pharmaceutical | pharmaceutical | insurance | insurance | hospital | hospital | doctor | doctor | patient | patient | medicine | medicine | social networking | social networking | economies of scale | economies of scale | patient education | patient education | self-care | self-care | network integration | network integration | decision support tools | decision support tools | disease managment | disease managment | health economics | health economics | clinical effectiveness | clinical effectiveness | medical software | medical software | mobile applications | mobile applications | intellectual property | intellectual property

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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11.431J Real Estate Finance and Investment (MIT) 11.431J Real Estate Finance and Investment (MIT)

Description

This course is an introduction to the most fundamental concepts, principles, analytical methods and tools useful for making investment and finance decisions regarding commercial real estate assets. As the first of a two-course sequence, this course will focus on the basic building blocks and the "micro" level, which pertains to individual properties and deals. This course is an introduction to the most fundamental concepts, principles, analytical methods and tools useful for making investment and finance decisions regarding commercial real estate assets. As the first of a two-course sequence, this course will focus on the basic building blocks and the "micro" level, which pertains to individual properties and deals.

Subjects

real estate | real estate | finance and investment | finance and investment | financial decisions | financial decisions | property development and investment | property development and investment | leasing and property income streams | leasing and property income streams | pro forma analysis | pro forma analysis | equity valuation | equity valuation | tax analysis | tax analysis | options | options | risk | risk | financial structuring of real property ownership | financial structuring of real property ownership | pension funds | pension funds | REITs | REITs | banks | banks | life insurance companies | life insurance companies

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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12.103 Science and Policy of Natural Hazards (MIT) 12.103 Science and Policy of Natural Hazards (MIT)

Description

This course examines the science of natural catastrophes such as earthquakes and hurricanes and explores the relationships between the science of and policy toward such hazards. It presents the causes and effects of these phenomena, discusses their predictability, and examines how this knowledge influences policy making. This course includes intensive practice in the writing and presentation of scientific research and summaries for policy makers. This course examines the science of natural catastrophes such as earthquakes and hurricanes and explores the relationships between the science of and policy toward such hazards. It presents the causes and effects of these phenomena, discusses their predictability, and examines how this knowledge influences policy making. This course includes intensive practice in the writing and presentation of scientific research and summaries for policy makers.

Subjects

natural hazards | natural hazards | hazard risk assessment | hazard risk assessment | earthquake | earthquake | hurricane | hurricane | tornado | tornado | volcano | volcano | forecasting | forecasting | public policy | public policy | building codes | building codes | insurance regulation | insurance regulation | evacuation | evacuation | reconstruction | reconstruction

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.661 Labor Economics I (MIT) 14.661 Labor Economics I (MIT)

Description

The aim of this course is to acquaint students with traditional topics in labor economics and to encourage the development of independent research interests. We will cover a systematic development of the theory of labor supply, labor demand, and human capital. Topics include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and institutions in the labor market. There will be particular emphasis on the interaction between theoretical and empirical modeling. The aim of this course is to acquaint students with traditional topics in labor economics and to encourage the development of independent research interests. We will cover a systematic development of the theory of labor supply, labor demand, and human capital. Topics include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and institutions in the labor market. There will be particular emphasis on the interaction between theoretical and empirical modeling.

Subjects

labor economics | labor economics | public policy | public policy | immigration | immigration | human capital | human capital | econometrics | econometrics | minimum wage | minimum wage | public education | public education | job training | job training | labor | labor | unions | unions | neoclassical model | neoclassical model | life-cycle | life-cycle | insurance | insurance | unemployment | unemployment | signaling | signaling

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.03 Microeconomic Theory and Public Policy (MIT) 14.03 Microeconomic Theory and Public Policy (MIT)

Description

This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage regulations, food stamp provision, trade protection, educational credentials, health insurance markets, and real estate markets. This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage regulations, food stamp provision, trade protection, educational credentials, health insurance markets, and real estate markets.

Subjects

consumer behavior | consumer behavior | producer behavior | producer behavior | welfare analysis | welfare analysis | measurement of productivity | measurement of productivity | rationing | rationing | insurance markets | insurance markets | intertemporal behavior | intertemporal behavior

License

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14.64 Labor Economics and Public Policy (MIT) 14.64 Labor Economics and Public Policy (MIT)

Description

This course is an introduction to labor economics with an emphasis on applied microeconomic theory and empirical analysis. We are especially interested in the link between research and public policy. Topics to be covered include: labor supply and demand, taxes and transfers, minimum wages, immigration, human capital, education production, inequality, discrimination, unions and strikes, and unemployment. This course is an introduction to labor economics with an emphasis on applied microeconomic theory and empirical analysis. We are especially interested in the link between research and public policy. Topics to be covered include: labor supply and demand, taxes and transfers, minimum wages, immigration, human capital, education production, inequality, discrimination, unions and strikes, and unemployment.

Subjects

labor Economics | labor Economics | public policy | public policy | applied microeconomics | applied microeconomics | empirical analysis | empirical analysis | labor supply and demand | labor supply and demand | taxes and transfers | taxes and transfers | human capital | human capital | minimum wages | minimum wages | income distribution | income distribution | unions and strikes | unions and strikes | immigration | immigration | incentives | incentives | discrimination | discrimination | unemployment and unemployment insurance | unemployment and unemployment insurance | bargaining | bargaining | economics of the family | economics of the family | decision to work | decision to work | home production | home production | monpsony | monpsony | education | education | training | training

License

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14.01 Principles of Microeconomics (MIT) 14.01 Principles of Microeconomics (MIT)

Description

This introductory course teaches the fundamentals of microeconomics. Topics include consumer theory, producer theory, the behavior of firms, market equilibrium, monopoly, and the role of the government in the economy. 14.01 is a Humanities, Arts, and Social Sciences (HASS) elective and is offered both terms. 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. This introductory course teaches the fundamentals of microeconomics. Topics include consumer theory, producer theory, the behavior of firms, market equilibrium, monopoly, and the role of the government in the economy. 14.01 is a Humanities, Arts, and Social Sciences (HASS) elective and is offered both terms. 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

market | market | optimization | optimization | allocation | allocation | economic measurement | economic measurement | analysis | analysis | microeconomics | microeconomics | demand | demand | supply | supply | equilibrium | equilibrium | general equilibrium | general equilibrium | government interventions | government interventions | price elasticity of demand | price elasticity of demand | income elasticity of demand | income elasticity of demand | cross price elasticity of demand | cross price elasticity of demand | price elasticity of supply | price elasticity of supply | consumer behavior | consumer behavior | consumer preference | consumer preference | utility functions | utility functions | marginal rate of substitution | marginal rate of substitution | budget constraints | budget constraints | interior solutions | interior solutions | corner solutions | corner solutions | Engle curves | Engle curves | individual demand | individual demand | market demand | market demand | revealed preferences | revealed preferences | substitution effect | substitution effect | income effect | income effect | Giffen goods | Giffen goods | consumer surplus | consumer surplus | Irish potato famine | Irish potato famine | network externalities | network externalities | uncertainty | uncertainty | preference toward risk | preference toward risk | risk premium | risk premium | indifference curves | indifference curves | diversification | diversification | insurance | insurance | producer theory | producer theory | production functions | production functions | short run | short run | long run | long run | returns to scale | returns to scale | cost functions | cost functions | economies of scale | economies of scale | economies of scope | economies of scope | learning | learning | profit maximization | profit maximization | producer surplus | producer surplus | agricultural price support | agricultural price support | tax | tax | subsidy | subsidy | exchange economy | exchange economy | contract curves | contract curves | utility possibilities frontier | utility possibilities frontier | Edgeworth Box | Edgeworth Box | production possibilities frontier | production possibilities frontier | efficiency | efficiency | monopoly | monopoly | multiplant firm | multiplant firm | social cost | social cost | price regulation | price regulation | monopsony | monopsony | price discrimination | price discrimination | peak-load pricing | peak-load pricing | two-part tariffs | two-part tariffs | bundling | bundling | monopolistic competition | monopolistic competition | game theory | game theory | oligopoly | oligopoly | Cournot | Cournot | Stackelberg | Stackelberg | Bertrand | Bertrand | Prisoner's Dilemma | Prisoner's Dilemma

License

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14.123 Microeconomic Theory III (MIT) 14.123 Microeconomic Theory III (MIT)

Description

The central topic of this course is the theory of general equilibrium and its applications and extensions. The central topic of this course is the theory of general equilibrium and its applications and extensions.

Subjects

theory of general equilibrium | theory of general equilibrium | existence of equilibrium | existence of equilibrium | optimality of equilibrium | optimality of equilibrium | Arrow's impossibility theorem | Arrow's impossibility theorem | externalities | externalities | public goods | public goods | intertemporal competitive equilibrium | intertemporal competitive equilibrium | insurance | insurance | incomplete markets | incomplete markets

License

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14.661 Labor Economics I (MIT) 14.661 Labor Economics I (MIT)

Description

The aim of this course is to acquaint students with traditional topics in labor economics and to encourage the development of independent research interests. This course is taught in two parts: Fall term and then in the subsequent Fall term. The aim of this course is to acquaint students with traditional topics in labor economics and to encourage the development of independent research interests. This course is taught in two parts: Fall term and then in the subsequent Fall term.

Subjects

Economics | Economics | labor | labor | market | market | statistics | statistics | theory | theory | neoclassical | neoclassical | supply | supply | model | model | life-cycle | life-cycle | demand | demand | wages | wages | immigration | immigration | human capital | human capital | econometrics | econometrics | liquidity | liquidity | constraints | constraints | mobility | mobility | incentives | incentives | organization | organization | moral hazard | moral hazard | insurance | insurance | investments | investments | efficiency | efficiency | unemployment | unemployment | search | search | jobs | jobs | training | training | capital | capital | firm | firm | technology | technology | skills | skills | risk | risk | signaling | signaling | discrimination | discrimination | self-selection | self-selection | learning | learning | natives | natives

License

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14.461 Advanced Macroeconomics I (MIT) 14.461 Advanced Macroeconomics I (MIT)

Description

This course covers three sets of topics. The first part will cover business cycle models with imperfect information. We will ask questions such as: What shocks drive business cycles? What is the relative role of shocks to fundamentals and shocks affecting expectations about (current and future) economic developments? How do informational frictions affect the shape of the responses to various shocks? The second part will cover models of investment with credit constraints. We will ask questions such as: What is the transmission mechanism from shocks to the financial sector to the real economy? What determines optimal decisions about capitalization at the individual and at the social level? The third part will cover search models of decentralized trade applied both to labor markets and to This course covers three sets of topics. The first part will cover business cycle models with imperfect information. We will ask questions such as: What shocks drive business cycles? What is the relative role of shocks to fundamentals and shocks affecting expectations about (current and future) economic developments? How do informational frictions affect the shape of the responses to various shocks? The second part will cover models of investment with credit constraints. We will ask questions such as: What is the transmission mechanism from shocks to the financial sector to the real economy? What determines optimal decisions about capitalization at the individual and at the social level? The third part will cover search models of decentralized trade applied both to labor markets and to

Subjects

news about the future and fluctuations | news about the future and fluctuations | dispersed information | dispersed information | estimating models with imperfect information | estimating models with imperfect information | models with limited pledgeability | models with limited pledgeability | models with corporate control problems | models with corporate control problems | models with intermediation and securitization | models with intermediation and securitization | financial frictions | financial frictions | investment | investment | labor market search and inefficiency | labor market search and inefficiency | wage dispersion | wage dispersion | moral hazard | moral hazard | optimal unemployment insurance | optimal unemployment insurance | money search | money search | liquidity | liquidity | adverse selection and lemons problem | adverse selection and lemons problem | decentralized trading in financial markets | decentralized trading in financial markets

License

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15.070J Advanced Stochastic Processes (MIT) 15.070J Advanced Stochastic Processes (MIT)

Description

This class covers the analysis and modeling of stochastic processes. Topics include measure theoretic probability, martingales, filtration, and stopping theorems, elements of large deviations theory, Brownian motion and reflected Brownian motion, stochastic integration and Ito calculus and functional limit theorems. In addition, the class will go over some applications to finance theory, insurance, queueing and inventory models. This class covers the analysis and modeling of stochastic processes. Topics include measure theoretic probability, martingales, filtration, and stopping theorems, elements of large deviations theory, Brownian motion and reflected Brownian motion, stochastic integration and Ito calculus and functional limit theorems. In addition, the class will go over some applications to finance theory, insurance, queueing and inventory models.

Subjects

analysis | analysis | modeling | modeling | stochastic processes | stochastic processes | theoretic probability | theoretic probability | martingales | martingales | filtration | filtration | stopping theorems | stopping theorems | large deviations theory | large deviations theory | Brownian motion | Brownian motion | reflected Brownian motion | reflected Brownian motion | stochastic integration | stochastic integration | Ito calculus | Ito calculus | functional limit theorems | functional limit theorems | applications | applications | finance theory | finance theory | insurance | insurance | queueing | queueing | inventory models | inventory models

License

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