Applied Microeconomics OpenCourseWare: A Free Undergraduate Class on Microeconomics and Consumer Behavior by MIT

Published Mar 04, 2009

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This 'Intermediate Applied Microeconomics' OpenCourseWare examines the behavior of economic decision-makers like consumers and producers. Students who took the original course at the Massachusetts Institute of Technology (MIT) used mathematical models to examine diverse topics ranging from online shopping to welfare policy. MIT requires its Bachelor of Science in Economics degree candidates to take this course.

Intermediate Applied Microeconomics: Course Specifics

Degree Level Free Audio Video Downloads
Undergraduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
Yes Yes Yes

Intermediate Applied Microeconomics: Course Description

Introductory Microeconomics courses introduce models of economic behavior that are based on rigid assumptions about actors' rationality and access to information. In this intermediate course, students explore more complex models that account for the costs of acquiring information and the impact that 'non-rational' considerations like love and fear can have on economic decision-making. In Professor David Autor's 'Intermediate Applied Microeconomics' lecture class, students learned how economic actors choose between several risky alternatives (i.e., whether to buy a cheaper used car with cash or take out a loan on a more expensive car), and how the value of a human being's life is calculated for statistical purposes. This course is a requirement for students pursuing a B.S. in Economics at the Massachusetts Institute of Technology. The materials in this OpenCourseWare will be easier to understand for those familiar with calculus.

You'll find a reading list, lecture notes, assignments with solutions, three exams and downloadable study materials in this 'Intermediate Applied Microeconomics' OpenCourseWare. To begin studying today, visit the applied microeconomics course page.

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