14.01 Principles of Microeconomics, Fall 2007
Author(s)
Chen, Chia-Hui
Zhang, Hongliang
Migueis, Marco
Martinez-Bravo, Monica
Schnabl, Peter
Ke, Rongzhu
Wheaton, William
Alternative Title
Principles of Microeconomics
Date Issued
December 2007
Abstract
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
MIT Department
Massachusetts Institute of Technology. Department of Economics
Terms of Use
This site (c) Massachusetts Institute of Technology 2020. Content within individual courses is (c) by the individual authors unless otherwise noted. The Massachusetts Institute of Technology is providing this Work (as defined below) under the terms of this Creative Commons public license ("CCPL" or "license") unless otherwise noted. The Work is protected by copyright and/or other applicable law. Any use of the work other than as authorized under this license is prohibited. By exercising any of the rights to the Work provided here, You (as defined below) accept and agree to be bound by the terms of this license. The Licensor, the Massachusetts Institute of Technology, grants You the rights contained here in consideration of Your acceptance of such terms and conditions.
Persistent DSpace Link
