14.01 Principles of Microeconomics
14.01 Principles of Microeconomics (Fall 2023, MIT OCW). Instructor: Prof. Jonathan Gruber. This introductory undergraduate course covers the fundamentals of microeconomics. Topics include supply and demand, market equilibrium, consumer theory, production and the behavior of firms, monopoly, oligopoly, welfare economics, public goods, and externalities. (from ocw.mit.edu)
| Lecture 06 - Costs |
In this lecture, Prof. Gruber continues to talk about producer theory and where the supply curve comes from. Topics include short-run cost curves, short-run vs. long-run, long-run costs, and measuring costs.
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