14.03 Intermediate Applied Microeconomics, Fall 2004
Intermediate Applied Microeconomics
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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.
consumer behavior, producer behavior, welfare analysis, measurement of productivity, rationing, insurance markets, intertemporal behavior