1. Introduction and Supply & Demand
34:472. Preferences and Utility Functions
41:233. Budget Constraints and Constrained Choice
49:044. Demand Curves and Income/Substitution Effects
49:315. Production Theory
48:566. Costs
50:417. Competition I
48:35Lecture 8: Competition II (14.01)
50:15Lecture 9: Supply and Demand \u0026 Consumer/Producer Surplus (14.01)
47:49Lecture 10: Welfare Economics (14.01)
48:17Lecture 11: Monopoly I (14.01)
50:34Lecture 12: Monopoly II (14.01)
46:55Lecture 13: Oligopoly (14.01)
46:14Lecture 14: Oligopoly II (14.01)
45:11Lecture 15: Input Markets I—Labor Market (14.01)
50:16Lecture 16: Input Markets II—Labor and Capital (14.01)
49:00Lecture 17: Making Choices Over Time (14.01)
49:10Lecture 18: Increasing Savings \u0026 Introduction to Trade (14.01)
48:09Lecture 19: International Trade: Welfare and Policy (14.01)
48:17Lecture 20: Uncertainty (14.01)
48:30Lecture 21: Efficiency and Equity (14.01)
49:59Lecture 22: Government Redistribution and Taxation (14.01)
47:123. Budget Constraints and Constrained Choice
This lecture, part of MIT's Principles of Microeconomics, develops the core economic model of consumer choice under explicit budget constraints, detailing the implications for utility maximization and demand.
MIT 14.01 Principles of Microeconomics, Fall 2018
Instructor: Prof. Jonathan Gruber
* View newer version of the course: https://ocw.mit.edu/14-01F23 *
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G-
2. Preferences and Utility Functions
Next · Lecture 44. Demand Curves and Income/Substitution Effects