Lec 1 | MIT 14.01SC Principles of Microeconomics
Lecture 1: Introduction to Microeconomics Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative ...
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The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So what I want to do today is I want to talk about what the heck this course is. What is microeconomics? What are you going to be learning in this course? And just, sort of, set us up for the semester. OK. So basically, microeconomics is all about scarcity. It's all about how individuals and firms make decisions given that we live in a world of scarcity. Scarcity is key because basically what we're going to learn about this semester in various shapes and forms is a lot of d...
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The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw.mit.edu. PROFESSOR: So what I want to do today is I want to talk about what the heck this course is. What is microeconomics? What are you going to be learning in this course? And just, sort of, set us up for the semester. OK. So basically, microeconomics is all about scarcity. It's all about how individuals and firms make decisions given that we live in a world of scarcity. Scarcity is key because basically what we're going to learn about this semester in various shapes and forms is a lot of d...
