Microeconomics II OpenCourseWare: A Free Bachelor Level Microeconomic Theory Course by MIT

Published Mar 05, 2009

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The Massachusetts Institute of Technology (MIT) offers its bachelor-level 'Intermediate Microeconomic Theory' course as free OpenCourseWare. MIT requires students earning bachelor's degrees in Economics to take the original course and it also recommends this course for students planning to apply to economics, accounting or finance graduate programs.

Intermediate Microeconomic Theory: Course Specifics

Degree Level Free Audio Video Downloads
Undergraduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
No Yes Yes

Intermediate Microeconomic Theory: Course Description

'Intermediate Microeconomic Theory' was taught at MIT by Professor Sergei Izmalkov. Professor Izmalkov built on concepts like expected utility theory (the influence of present wealth on the value of additional income) and the role of externalities (asymmetric information and irrationality) in market failure. Students in this class also studied applications of game theory in microeconomics, as well as the impact that insulation from risk has on decision-making (moral hazard). This lecture course was taught for students pursuing bachelor's degrees in Economics, and it focuses on microeconomics theory instead of applications. The materials for this course assume a background in calculus and basic familiarity with microeconomics.

Materials available through this OpenCourseWare include assignments and solutions, exams and a detailed reading list. More information about this undergraduate economics course is available at the theories of microeconomics course page.

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