38 episodes

This course includes a full set of lecture videos and a selection of problem solving videos. In the lecture videos, Professor Jonathan Gruber covers the principles of microeconomics conceptually, mathematically, and graphically, giving students a holistic understanding of the subject matter. He then moves on to more advanced topics in microeconomics to provide further insight into its many different applications.

In the problem solving videos, a teaching assistant demonstrates their approach to questions from the problem set. The problems selected by the TA cover a range of microeconomics topics and problem solving techniques that students need to master to successfully complete this course.

OCW Scholar: Principles of Microeconomics MIT

    • Business

This course includes a full set of lecture videos and a selection of problem solving videos. In the lecture videos, Professor Jonathan Gruber covers the principles of microeconomics conceptually, mathematically, and graphically, giving students a holistic understanding of the subject matter. He then moves on to more advanced topics in microeconomics to provide further insight into its many different applications.

In the problem solving videos, a teaching assistant demonstrates their approach to questions from the problem set. The problems selected by the TA cover a range of microeconomics topics and problem solving techniques that students need to master to successfully complete this course.

    • video
    Lecture 1: Introduction to Microeconomics

    Lecture 1: Introduction to Microeconomics

    This lecture is an introduction to the principles of microeconomics and explains the role of economics in our everyday lives.

    • 34 min
    • video
    Lecture 2: Applying Supply and Demand

    Lecture 2: Applying Supply and Demand

    In this lecture, we learn how to analyze supply and demand curves and the impact changes in market conditions and government policy can have on market equilibrium.

    • 49 min
    • video
    Lecture 3: Elasticity

    Lecture 3: Elasticity

    In this lecture, we learn about elasticity and the impact a change in price has on the demand for the good.

    • 47 min
    • video
    Lecture 4: Preferences and Utility

    Lecture 4: Preferences and Utility

    In this lecture, we learn about utility, how to define it and how we represent it mathematically.

    • 48 min
    • video
    Lecture 5: Budget Constraints

    Lecture 5: Budget Constraints

    In this lecture we learn how to analyze how consumers make choices when they face a budget constraint.

    • 46 min
    • video
    Lecture 6: Deriving Demand Curves

    Lecture 6: Deriving Demand Curves

    In this lecture, we learn how to use our model of individual behavior to generate predictions about what will happen to total demand when the price changes.

    • 47 min

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