15 episodes
Principles of Microeconomics, Winter 2013 Hilary Hoynes
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- Business
This course provides an introduction to microeconomics. Professor Hoynes lectures on markets, supply and demand, efficiency and equity. She also uses this basic framework to consider a host of real world applications including taxes, environmental policy, education and welfare programs.
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Monopolies
Lecture 17: Covers Chapter 13 of Krugman's Principles of Microeconomics. A look at the structure of firms who operate as a monopoly. A discussion of how market power can allow for long run profit.
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Perfect Competition
Lecture 16: Covers Chapter 12 of Krugman's Principles of Microeconomics. A look at perfect competition in the short and long run.
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Theory of the Firm 2
Lecture 15: Covers Chapter 12 of Krugman's Principles of Microeconomics. A look at how perfect competition works and the attributes of the perfectly competitive market.
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Theory of the Firm
Lecture 14: Covers Chapter 11 of Krugman's Principles of Microeconomics. A look at the nature of cost curve structure and the product curves.
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The Welfare State
Lecture 13: Covers Chapter 18 of Krugman's Principles of Microeconomics. A detailed analysis of the welfare state and the results of government welfare policy.
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Public Goods
Lecture 12: Covers Chapter 17 of Krugman's Principles of Microeconomics. An introduction to public goods and the free rider problem.
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