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)
47:127. Competition I
This lecture concludes the analysis of production costs from prior sessions, then formally introduces the model of perfect competition. It details the conditions for short-run profit maximization for firms operating within such a market structure.
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-
Seminar notes & discussion
No public seminar notes on this lecture yet.