Microeconomic Theory and Public Policy
MIT OCW Review
Location
Online(Course Link)
Dates
On Demand
Course Categories
Politics and Economy
Certficate
No
Language
English
Course Fees
FreeNo. of Attendant
Unlimited
Acquired Skills/Covered Subjects
- Learning to Think Like an Economist,Offering Multiple Tools for Mastery,Common Misconceptions about Economics,A Roundabout Path to Labor Economics
| Provider Name | MIT OCW |
|---|---|
| Training Areas |
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| Website | https://ocw.mit.edu/ |
| About The Provider |
Massachusetts
Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts. The Institute is
a land-grant, sea-grant, and space-grant university,
with an urban campus that
extends more than a mile (1.6 km) alongside the Charles River.
The Institute also encompasses a number of major off-campus facilities such as
the MIT Lincoln Laboratory, the Bates Center,
and the Haystack Observatory, as well as
affiliated laboratories such as the Broad and Whitehead Institutes. Founded in 1861 in
response to the increasing industrialization
of the United States, MIT adopted a European polytechnic university model and
stressed laboratory instruction in applied science and engineering.
It has since played a key role in the development of many aspects of modern
science, engineering, mathematics, and technology, and is widely known for
its innovation and
academic strength, making it one of the most prestigious institutions of higher
learning in the world. MIT
OpenCourseWare MIT
OpenCourseWare (OCW) is a web-based publication of virtually all MIT course
content. OCW is open and available to the world and is a permanent MIT
activity. Through OCW,
educators improve courses and curricula, making their schools more effective;
students find additional resources to help them succeed; and independent
learners enrich their lives and use the content to tackle some of our world’s
most difficult challenges, including sustainable development, climate change,
and cancer eradication.
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This course applies microeconomic theory to
analysis of public policy. It builds from the microeconomic model of consumer behavior
and extends to operation of single and multiple markets and analysis of why
markets sometimes fail. We will study empirical examples to evaluate theory,
focusing on the casual effects of policy interventions on economic outcomes.
Topics include minimum wages and employment, food stamps and consumer welfare,
economics of risk and safety regulation, the value of education, and gains from
international trade.
