New courses in Economics from MIT OpenCourseWare, provider of free and open MIT course materials. https://ocw.mit.edu/courses/economics 2022-02-11T17:22:24+05:00 MIT OpenCourseWare https://ocw.mit.edu en-US Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm Psychology and Economics (aka Behavioral Economics) is a growing subfield of economics that incorporates insights from psychology and other social sciences into economics. This course covers recent advances in behavioral economics by reviewing some of the assumptions made in mainstream economic models, and by discussing how human behavior systematically departs from these assumptions. Applications will cover a wide range of fields, including labor and public economics, industrial organization, health economics, finance, and development economics. https://ocw.mit.edu/courses/economics/14-13-psychology-and-economics-spring-2020 Spring 2020 Schilbach, Frank 2021-09-27T20:02:16+05:00 14.13 14.131 en-US psychology economics behavioral economics human behavior preferences cognition behavior reference dependence beliefs decision-making MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm 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.  Chalk Radio Podcast Prof. Jonathan Gruber was featured in an episode of OpenCourseWare's podcast, Chalk Radio. In the episode "Thinking Like an Economist," Prof. Gruber talks about how he engages students in 14.01 with accessible real world examples. Listen to the episode on Apple Podcasts.   https://ocw.mit.edu/courses/economics/14-01-principles-of-microeconomics-fall-2018 Fall 2018 Gruber, Jonathan 2020-07-16T20:12:26+05:00 14.01 en-US microeconomics supply and demand market equilibirum consumer theory production monopoly oligopoly welfare economics public goods externalities MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course is divided into two sections, Part I and Part II. Part I, found here, provides an introduction to statistical theory. Topics include normal distribution, limit theorems, Bayesian concepts, and testing, among others. Part II can be found by visiting 14.381 Fall 2006. https://ocw.mit.edu/courses/economics/14-381-statistical-method-in-economics-fall-2018 Fall 2018 Mikusheva, Anna 2019-06-21T18:55:26+05:00 14.381 en-US statistical theory normal distribution Bayesian concepts convergence limit theorems economics econometrics asymptotic behavior sample distributions statistics large sample MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course will highlight common principles that permeate the functioning of networks and how the same issues related to robustness, fragility and interlinkages arise in several different types of networks. It will both introduce conceptual tools from dynamical systems, random graph models, optimization and game theory, and cover a wide variety of applications. https://ocw.mit.edu/courses/economics/14-15j-networks-spring-2018 Spring 2018 Roozbehani, Mardavij Sadler, Evan 2018-12-07T20:36:26+05:00 14.15J 6.207J en-US networks economics dynamic systems graph models game theory network effects diffusion models network models Markov chains social network MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course is intended as an introduction to the field of political economy. It is the first part of a two-part sequence in political economy, along with 14.773 Political Economy: Institutions and Development. Combined, the purpose of the two classes is to give you both a sense of the frontier research topics and a good command of the tools in the area.  https://ocw.mit.edu/courses/economics/14-770-introduction-to-political-economy-fall-2017 Fall 2017 Acemoglu, Daron Olken, Benjamin 2018-08-01T13:34:07+05:00 14.770 en-US political science political economy collective choice voting elections conflict empirics collective action media bureaucracy corruption MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course aims to acquaint students with traditional and contemporary topics in labor economics and to encourage the development of independent research interests. The class provides a systematic development of the theory of labor supply, labor demand, and human capital. Topics covered include wage and employment determination, immigration, unemployment, equalizing differences, among many others. There is a particular emphasis on the interaction between theoretical and empirical modeling.  https://ocw.mit.edu/courses/economics/14-661-labor-economics-i-fall-2017 Fall 2017 Acemoglu, Daron Angrist, Joshua 2018-05-08T17:21:33+05:00 14.661 en-US labor economics economics labor market labor demand human capital wage and employment determination turnover search immigration unemployment equalizing differences empirical modeling theoretical modeling MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm The course will cover several key models as well as identification and estimation methods used in modern econometrics. We shall being with exploring some leading models of econometrics, then seeing structures, then providing methods of identification, estimation, and inference. You will get lots of hands-on experience with using the methods on real data sets.  https://ocw.mit.edu/courses/economics/14-382-econometrics-spring-2017 Spring 2017 Chernozhukov, Victor 2017-12-20T21:21:16+05:00 14.382 en-US Economics econometrics linear regression model Gauss-Markov heteroskedasticity serial correlation errors variables generalized least squares instrumental variables nonlinear regression limited dependent variable models MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm The topic of the class is information and contract theory. The purpose is to give an introduction to some of the main subjects in this field: decision making under uncertainty, risk sharing, moral hazard, adverse selection, mechanism design, and incomplete contracting.  https://ocw.mit.edu/courses/economics/14-124-microeconomic-theory-iv-spring-2017 Spring 2017 Holmstrom, Bengt 2017-09-18T14:41:52+05:00 14.124 en-US microeconomics economics microeconomic theory risk sharing moral hazard adverse selection signaling screening mechanism design decision making uncertainty MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This half semester class will present an introduction to macroeconomic modeling, particularly economic growth. It will focus both on models of economic growth and their empirical applications, and try to shed light on the mechanics of economic growth, technological change and sources of income and growth differences across countries. https://ocw.mit.edu/courses/economics/14-452-economic-growth-fall-2016 Fall 2016 Acemoglu, Daron 2017-07-10T05:47:39+05:00 14.452 en-US economic growth development modern world income distribution Solow growth model income differences neoclassical growth optimal and competitive allocations welfare theorems overlapping generations dynamic efficiency growth under uncertainty incomplete markets neoclassical endogenous growth capital accumulation externalities human capital endogenous growth expanding input varieties directed technical change endogenous skill-bias technological change endogenous labor-augmenting technological change interdependences technology diffusion open economy trade MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course will analyze the causes and consequences of international trade and investment. We will investigate why nations trade, what they trade, and who gains (or not) from this trade. We will then analyze the motives for countries or organizations to restrict or regulate international trade and study the effects of such policies on economic welfare. Topics covered will include the effects of trade on economic growth and wage inequality, multinationals and foreign direct investment, international trade agreements and current trade policy disputes. https://ocw.mit.edu/courses/economics/14-54-international-trade-fall-2016 Fall 2016 Costinot, Arnaud 2017-06-08T21:03:22+05:00 14.54 en-US theory of international trade finance policy flow of goods flow of savings and investments globalization free trade agreements the US current account deficit exchange rates European integration global financial architecture financial crises East Asia Argentina MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm 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. https://ocw.mit.edu/courses/economics/14-03-microeconomic-theory-and-public-policy-fall-2016 Fall 2016 Autor, David 2017-05-17T17:14:43+05:00 14.03 14.003 en-US microeconomics public policy consumer behavior markets minimum wage employment welfare regulation education international trade MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course provides a rigorous treatment of non-cooperative solution concepts in game theory, including rationalizability and Nash, sequential, and stable equilibria. It covers topics such as epistemic foundations, higher order beliefs, bargaining, repeated games, reputation, supermodular games, and global games. It also introduces cooperative solution concepts—Nash bargaining solution, core, Shapley value—and develops corresponding non-cooperative foundations. https://ocw.mit.edu/courses/economics/14-126-game-theory-spring-2016 Spring 2016 Manea, Mihai 2017-02-10T22:34:26+05:00 14.126 en-US extensive-form games Nash equilibria evolutionary equilibria bargaining with incomplete information rationalizability non-cooperative games MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This is an advanced course in game theory. We begin with a rigorous overview of the main equilibrium concepts for non-­cooperative games in both static and dynamic settings with either complete or incomplete information. We define and explore properties of iterated strict dominance, rationalizability, Nash equilibrium, subgame perfection, sequential, perfect and proper equilibria, the intuitive criterion, and iterated weak dominance. We discuss applications to auctions, bargaining, and repeated games. Then we introduce solution concepts for cooperative games and study non-­cooperative implementations. Other topics include matching theory and networks.  https://ocw.mit.edu/courses/economics/14-16-strategy-and-information-spring-2016 Spring 2016 Manea, Mihai 2016-10-03T19:36:13+05:00 14.16 en-US game theory iterated dominance rationalizability Nash equilibirum subgame perfection perfect Bayesian equilibrium sequential equilibrium perfect equilibrium proper equilibrium bargaining networks MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course is an introduction to the economic theories of financial crises. It focuses on amplification mechanisms that exacerbate crises, such as leverage, fire sales, bank runs, interconnections, and complexity. It also analyzes the different perspectives on the origins of crises, such as mistaken beliefs and moral hazard, and discusses the optimal regulation of the financial system. The course draws upon examples from financial crises around the world, especially the recent subprime financial crisis. 14.09 is offered during the Independent Activities Period (IAP), which is a special 4-week term at MIT that runs from the first week of January until the end of the month. https://ocw.mit.edu/courses/economics/14-09-financial-crises-january-iap-2016 January IAP 2016 Simsek, Alp 2016-08-04T15:24:08+05:00 14.09 en-US financial crises net worth economic theory economics crises financial systems finances financial regulation bank runs mortgages fire sales leverage MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This half-semester course provides an introduction to microeconomic theory designed to meet the needs of students in an economics Ph.D. program. Some parts of the course are designed to teach material that all graduate students should know. Others are used to introduce methodologies. Students should be comfortable with multivariable calculus, linear algebra, and basic real analysis. https://ocw.mit.edu/courses/economics/14-121-microeconomic-theory-i-fall-2015 Fall 2015 Wolitzky, Alexander Olivi, Alan 2016-05-31T17:34:48+05:00 14.121 en-US microeconomic theory economics economic methodologies consumer theory producer theory monotone methods dynamic choice competitive markets MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This is a graduate course in labor economics. The course will focus on covering theory and evidence on inequality, wage structure, skill demands, employment, job loss, and early-life determinants of long-run outcomes. Particular areas of focus are: (1) wage determination, including the Roy model, equalizing wage differentials, and models of discrimination; (2) the roles played by supply, demand, institutions, technology and trade in the evolving distribution of income. https://ocw.mit.edu/courses/economics/14-662-labor-economics-ii-spring-2015 Spring 2015 Autor, David Williams, Heidi 2015-12-17T21:52:03+05:00 14.662 en-US labor economics inequality wage structure skill demands employment job loss early-life determinants long-run outcomes Roy model wage differentials supply demand income MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course uses theoretical models and empirical studies to help understand the economics behind various internet businesses. We will begin with a discussion of relevant topics from industrial organization (IO) including monopoly pricing, price discrimination, product differentiation, and barriers to entry. The main part of the course will be a discussion of a number of online businesses. In the context of those businesses, we will discuss extensions and applications of the ideas from the first section of the course. https://ocw.mit.edu/courses/economics/14-27-economics-and-e-commerce-fall-2014 Fall 2014 Ellison, Sara 2015-11-12T23:02:48+05:00 14.27 en-US economics e-commerce Internet business industrial organization monopoly price discrimination product differentiation barriers to entry MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course covers models of individual decision-making under certainty and uncertainty. Applications include risk sharing and financial markets; contracts and information economics; village economies and national development; models with money and credit; trade, spatial economics and differentiated commodities. https://ocw.mit.edu/courses/economics/14-123-microeconomic-theory-iii-spring-2015 Spring 2015 Yildiz, Muhamet 2015-10-06T21:24:42+05:00 14.123 en-US microeconomic theory rationalizability game theory behavioral economics choice preference risk risk-aversion Expected Utility Theory Prospect Theory decision making decision theory MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course covers empirical strategies for applied micro research questions. Our agenda includes regression and matching, instrumental variables, differences-in-differences, regression discontinuity designs, standard errors, and a module consisting of 8–9 lectures on the analysis of high-dimensional data sets a.k.a. "Big Data". https://ocw.mit.edu/courses/economics/14-387-applied-econometrics-mostly-harmless-big-data-fall-2014 Fall 2014 Angrist, Joshua Chernozhukov, Victor 2015-07-13T21:42:22+05:00 14.387 en-US econometrics big data research economics regression matching instrumental variables differences-in-differences standard errors high-dimensional data sets MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm This course provides an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed. Important policy debates such as, the sub-prime crisis, social security, the public debt, and international economic issues are critically explored. The course introduces basic models of macroeconomics and illustrates principles with the experience of the U.S. and foreign economies. https://ocw.mit.edu/courses/economics/14-02-principles-of-macroeconomics-spring-2014 Spring 2014 Giavazzi, Francesco 2014-10-29T18:47:48+05:00 14.02 en-US macroeconomics unemployment recession financial crisis inflation economic policy financial market Short Run Medium Run government MIT OpenCourseWare https://ocw.mit.edu Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm