Externalities in Theory

Jonathan Gruber · 1:17:13

This lecture introduces the fundamental concept of externalities and market failures, providing a crucial microeconomic foundation for understanding why government intervention might be necessary.

Why Study Public Finance?

Jonathan Gruber · 53:19

Building on the concept of market failures, this lecture explores the justifications for government intervention, establishing the 'why' and 'how' of public finance in addressing economic inefficiencies.

How Do Families Decide?

Esther Duflo · 1:18:58

Moving from market-level failures to individual units, this lecture delves into the microeconomics of household decision-making, analyzing how families allocate resources under scarcity.

Why Nations Fail: The Origins of Power, Prosperity, and Poverty

Daron Acemoglu · 1:10:50

Transitioning to macroeconomics, this lecture broadens the scope to national prosperity, arguing that inclusive institutions are fundamental drivers of economic development, building on the micro-foundations of individual and household choices.