14 100x Microeconomics S

14.
100x: Microeconomics
Intructors:
• Professor Jonathan Gruber, Ford Professor of Economics (MIT)
Course Descriptions:
In this course, we’ll introduce you to microeconomic theory, together with
some empirical results and policy implications. You’ll analyze mathematical
models that describe the real-world behavior of consumers and firms, and
you’ll see how prices make the world go ‘round. Topics include: consumer
theory, supply and demand, market equilibrium, producer theory, monopoly,
oligopoly, capital markets, welfare economics, public goods, and externalities.
If you are interested in getting an overview of the content and exercises

covered in this course, or eager to find additional resources please check out
our course preview. A score of 60% or above in the course previews indicates
that you are ready to take the course, while a score below 60% indicates that
you should further review the concepts covered before beginning the course.
This Course and the MicroMasters®Program:

This course is part of the MITx MicroMasters Program in Data, Economics,
and Development Policy (DEDP). The program consists of six online courses
and in-person proctored exams. Learners who pass the three core classes
and two of the three elective courses, and corresponding proctored exams,
can earn their MicroMasters credential. The program is co-designed by and
run by MIT’s Department of Economics and the Abdul Latif Jameel Poverty
Action Lab (J-PAL), a global leader in conducting randomized evaluations
to test and improve the effectiveness of programs aimed at reducing poverty.
1
The MicroMasters program is intended for learners who are interested in
building a full set of tools and skills required for data analysis in the social
sciences, understanding the problems facing the world’s poor, and learning
how to design and evaluate social policies that strive to solve them. You can
learn more about this program and sign up today on the MITx MicroMasters
portal – we hope that many of you will decide to join us!
Assignments and Grading Scheme:

For most weeks during the course, there will be a homework assignment that
covers the main topics in that unit. Homework assignments will be released
on Mondays along with the videos, and will be due Sunday. In addition, there
will be a final exam. Please see the online calendar for further information.
Grades of the course are calculated as follows:
• Problem Sets: 10%
• Lecture Exercises: 8%
• Midterms: 6%
• Comprehensive Review: 6%
• Proctored Exam: 70%
Students who are taking this course in pursuit of the MicroMasters cre-
dential will also have to pass the proctored exam. You must score at least
50% on the proctored exam in order to earn the certificate for this course.
Lectures and Time Commitment:

The material for each topic will be posted weekly, and you should keep pace
with the rest of the class. There will be about two lectures per week. You
will have access to videos of the lecture presented in short segments (8-10
minutes on average), followed by finger exercises. You will also have access
to the lecture notes and presentation slides.
The minimum commitment will be approximately 12 hours per week for

watching the lectures, doing the readings, and completing the assignments.
2
Honor Code Pledge:
By enrolling in a MITx Online course or program, you agree that you will:
• Complete all tests and assignments on my own, unless collaboration on

an assignment is explicitly permitted.
• Maintain only one user account and not let anyone else use my user-
name and/or password.
• Not engage in any activity that would dishonestly improve my results,

or improve or hurt the results of others.
• Not post online or share answers to problems that are being used to
assess learner performance.
We will strictly enforce the honor code pledge. If you are found in violation
of the Terms of Service or Honor Code, you may be subject to one or more
of the following actions:
• Receiving a zero or no credit for an assignment;
• Having any certificate earned in the course or program withheld or

revoked;
• Being unenrolled from a course or program; or
• Termination of your use of the MITx Online Site.
• Additional actions may be taken at the sole discretion of MIT.
No refunds will be issued in the case of any corrective action for such
violations.
Honor Code violations will be determined at the sole discretion of MIT.

You will be notified if a determination has been made that you have violated
this Honor Code and you will be informed of the corresponding action to be
taken as a result of the violation.
Course Syllabus and Reading Assignments:

There is no required textbook. If you would like to use a textbook, the course
follows Microeconomics, by Jeffrey M. Perloff, Pearson, 2015. (7th edition)
3
Week One: Introduction & Supply and Demand
• Introductions to microeconomics
• Applying supply and demand
• Shapes of supply/demand curves
Week Two: Consumer Choice

• Preferences and utility functions
• Budget constraints and constrained choice
Week Three: Applying Consumer Theory

• Demand curves and income and substitution effects
• Labor supply
Week Four: Firms and Production;Costs

• Production costs
• Costs
Week Five: Competitive Firms and Markets

• Competition (Parts I, II & III)
Week Six: Applying the Competitive Model; Monopoly

• Welfare economics
• Monopoly (Parts I & II)
Week Seven: Oligopoly and Monopolistic Competition

• Oligopoly (Parts I & II)
Week Eight: International Trade; Uncertainty

• International trade
• Uncertainty
4
Week Nine: Capital Markets
• Capital supply and capital markets (Parts I & II)
Week Ten: Equity
• Equity and efficiency
• Government and redistribution policy
Week Eleven: Behavioral Economics; Health Economics
• Behavioral economics
• Health economics
*Week Eleven: Comprehensive Review

14 100x Microeconomics S

Uploaded by

Copyright:

Available Formats

14 100x Microeconomics S

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

14 100x Microeconomics S

Uploaded by

Copyright:

Available Formats

14.

If you are interested in getting an overview of the content and exercises

This Course and the MicroMasters®Program:

Assignments and Grading Scheme:

Grades of the course are calculated as follows:

• Problem Sets: 10%

• Proctored Exam: 70%

Lectures and Time Commitment:

The minimum commitment will be approximately 12 hours per week for

• Complete all tests and assignments on my own, unless collaboration on

• Not engage in any activity that would dishonestly improve my results,

• Receiving a zero or no credit for an assignment;

• Having any certificate earned in the course or program withheld or

• Being unenrolled from a course or program; or

• Termination of your use of the MITx Online Site.

• Additional actions may be taken at the sole discretion of MIT.

Honor Code violations will be determined at the sole discretion of MIT.

Course Syllabus and Reading Assignments:

• Applying supply and demand

• Shapes of supply/demand curves

Week Two: Consumer Choice

• Budget constraints and constrained choice

Week Three: Applying Consumer Theory

Week Four: Firms and Production;Costs

Week Five: Competitive Firms and Markets

Week Six: Applying the Competitive Model; Monopoly

• Monopoly (Parts I & II)

Week Seven: Oligopoly and Monopolistic Competition

Week Eight: International Trade; Uncertainty

• Capital supply and capital markets (Parts I & II)

Week Ten: Equity

• Equity and efficiency

• Government and redistribution policy

Week Eleven: Behavioral Economics; Health Economics

*Week Eleven: Comprehensive Review

You might also like