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11.203 Microeconomics for Planners (MIT) 11.203 Microeconomics for Planners (MIT)

Description

Microeconomics for Planners, 11.203, will ground you in basic microeconomics - how markets function, how to think about allocating scarce resources, what profit maximizing behavior means in different kinds of markets, how technology and trade reshapes all of this, etc. Along the way, it will also give you a sense of several of the major economic issues in the presidential campaign. We will consider activities that markets don’t directly capture - the value of an historic preservation district or the costs imposed by pollution - in November and December during Gateway: Planning Economics, 11.202. Microeconomics for Planners, 11.203, will ground you in basic microeconomics - how markets function, how to think about allocating scarce resources, what profit maximizing behavior means in different kinds of markets, how technology and trade reshapes all of this, etc. Along the way, it will also give you a sense of several of the major economic issues in the presidential campaign. We will consider activities that markets don’t directly capture - the value of an historic preservation district or the costs imposed by pollution - in November and December during Gateway: Planning Economics, 11.202.

Subjects

microeconomics | microeconomics | markets | markets | profit | profit | standard of living | standard of living | economics for planners | economics for planners | income distribution | income distribution | economic analysis | economic analysis | deregulation | deregulation | profit maximization | profit maximization | oligopoly; monopoly | oligopoly; monopoly | tragedy of the commons | tragedy of the commons | oligopoly | oligopoly | monopoly | monopoly

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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11.203 Microeconomics (MIT) 11.203 Microeconomics (MIT)

Description

Microeconomics (11.203) is a course that runs for the first two-thirds of the semester. It is designed for incoming city planning students with little or no economics background. Incoming students take a voluntary microeconomics test-out at the beginning of the semester. Those that pass the test-out are exempt from taking Microeconomics.Planning Economics (11.202) is a course that runs for one-third of a semester and covers economics topics of particular interest to city planning students: location theory, the interplay between externalities and zoning, international trade and globalization, and housing finance. Few incoming students have had prior exposure to these topics.To minimize disruption, Planning Economics is positioned as the last third of a semester long core course on Planning Microeconomics (11.203) is a course that runs for the first two-thirds of the semester. It is designed for incoming city planning students with little or no economics background. Incoming students take a voluntary microeconomics test-out at the beginning of the semester. Those that pass the test-out are exempt from taking Microeconomics.Planning Economics (11.202) is a course that runs for one-third of a semester and covers economics topics of particular interest to city planning students: location theory, the interplay between externalities and zoning, international trade and globalization, and housing finance. Few incoming students have had prior exposure to these topics.To minimize disruption, Planning Economics is positioned as the last third of a semester long core course on Planning

Subjects

microeconomics | microeconomics | markets | markets | profit | profit | standard of living | standard of living | economics for planners | economics for planners | income distribution | income distribution | economic analysis | economic analysis | deregulation | deregulation | profit maximization | profit maximization | oligopoly | oligopoly | monopoly | monopoly | tragedy of the commons | tragedy of the commons

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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14.01 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

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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http://ocw.mit.edu/rss/all/mit-allcourses.xml

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11.203 Microeconomics for Planners (MIT)

Description

Microeconomics for Planners, 11.203, will ground you in basic microeconomics - how markets function, how to think about allocating scarce resources, what profit maximizing behavior means in different kinds of markets, how technology and trade reshapes all of this, etc. Along the way, it will also give you a sense of several of the major economic issues in the presidential campaign. We will consider activities that markets don’t directly capture - the value of an historic preservation district or the costs imposed by pollution - in November and December during Gateway: Planning Economics, 11.202.

Subjects

microeconomics | markets | profit | standard of living | economics for planners | income distribution | economic analysis | deregulation | profit maximization | oligopoly; monopoly | tragedy of the commons | oligopoly | monopoly

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

Site sourced from

https://ocw.mit.edu/rss/all/mit-allarchivedcourses.xml

Attribution

Click to get HTML | Click to get attribution | Click to get URL

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11.203 Microeconomics (MIT)

Description

Microeconomics (11.203) is a course that runs for the first two-thirds of the semester. It is designed for incoming city planning students with little or no economics background. Incoming students take a voluntary microeconomics test-out at the beginning of the semester. Those that pass the test-out are exempt from taking Microeconomics.Planning Economics (11.202) is a course that runs for one-third of a semester and covers economics topics of particular interest to city planning students: location theory, the interplay between externalities and zoning, international trade and globalization, and housing finance. Few incoming students have had prior exposure to these topics.To minimize disruption, Planning Economics is positioned as the last third of a semester long core course on Planning

Subjects

microeconomics | markets | profit | standard of living | economics for planners | income distribution | economic analysis | deregulation | profit maximization | oligopoly | monopoly | tragedy of the commons

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

Site sourced from

https://ocw.mit.edu/rss/all/mit-allarchivedcourses.xml

Attribution

Click to get HTML | Click to get attribution | Click to get URL

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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.

Subjects

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

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

Site sourced from

https://ocw.mit.edu/rss/all/mit-allcourses.xml

Attribution

Click to get HTML | Click to get attribution | Click to get URL

All metadata

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