Courses tagged with "Structural+engineering" (100)

Topics covered in a traditional college level introductory microeconomics course. Production Possibilities Frontier. Opportunity Cost. Increasing Opportunity Cost. Allocative Efficiency and Marginal Benefit. Economic Growth through Investment. Comparative Advantage Specialization and Gains from Trade. Comparative Advantage and Absolute Advantage. Law of Demand. Price of Related Products and Demand. Changes in Income, Population, or Preferences. Normal and Inferior Goods. Inferior Goods Clarification. Law of Supply. Factors Affecting Supply. Market Equilibrium. Changes in Market Equilibrium. Price Elasticity of Demand. More on Elasticity of Demand. Perfect Inelasticity and Perfect Elasticity of Demand. Constant Unit Elasticity. Total Revenue and Elasticity. More on Total Revenue and Elasticity. Cross Elasticity of Demand. Elasticity of Supply. Elasticity and Strange Percent Changes. Demand Curve as Marginal Benefit Curve. Consumer Surplus Introduction. Total Consumer Surplus as Area. Producer Surplus. Rent Control and Deadweight Loss. Minimum Wage and Price Floors. Taxation and Dead Weight Loss. Percentage Tax on Hamburgers. Taxes and Perfectly Inelastic Demand. Taxes and Perfectly Elastic Demand. Marginal Utility. Equalizing Marginal Utility per Dollar Spent. Deriving Demand Curve from Tweaking Marginal Utility per Dollar. Budget Line. Optimal Point on Budget Line. Types of Indifference Curves. Economic Profit vs Accounting Profit. Depreciation and Opportunity Cost of Capital. Fixed, Variable, and Marginal Cost.. Visualizing Average Costs and Marginal Costs as Slope. Marginal Cost and Average Total Cost. Marginal Revenue and Marginal Cost. Marginal Revenue Below Average Total Cost. Long Term Supply Curve and Economic Profit. Perfect Competition. Monopoly Basics. Review of Revenue and Cost Graphs for a Monopoly. Monopolist Optimizing Price (part 1)- Total Revenue.. Monopolist Optimizing Price (part 2)- Marginal Revenue. Monopolist Optimizing Price (part 3)- Dead Weight Loss.avi. Optional Calculus Proof to Show that MR has Twice Slope of Demand. Oligopolies and Monopolistic Competition. Monopolistic Competition and Economic Profit. Oligopolies, Duopolies, Collusion, and Cartels. Prisoners' Dilemma and Nash Equilibrium. More on Nash Equilibrium. Why Parties to Cartels Cheat. Game Theory of Cheating Firms. Negative Externalities. Taxes for Factoring in Negative Externalities. Positive Externalities. Tragedy of the Commons. First Degree Price Discrimination. A Firm's Marginal Product Revenue Curve. How Many People to Hire Given the MPR curve. Adding Demand Curves.

Non-bankers can learn to understand the mathematical models that have made the headlines so many times in recent years. A course for students of economics, business studies, mathematics, physics and computer science.

Networks are ubiquitous in our modern society. The World Wide Web that links us to and enables information flows with the rest of the world is the most visible example. It is, however, only one of many networks within which we are situated. Our social life is organized around networks of friends and colleagues. These networks determine our information, influence our opinions, and shape our political attitudes. They also link us, often through important but weak ties, to everybody else in the United States and in the world. Economic and financial markets also look much more like networks than anonymous marketplaces. Firms interact with the same suppliers and customers and use Web-like supply chains. Financial linkages, both among banks and between consumers, companies and banks, also form a network over which funds flow and risks are shared. Systemic risk in financial markets often results from the counterparty risks created within this financial network. Food chains, interacting biological systems and the spread and containment of epidemics are some of the other natural and social phenomena that exhibit a marked networked structure.

This course will introduce the tools for the study of networks. It will show how certain common principles permeate the functioning of these diverse networks and how the same issues related to robustness, fragility, and interlinkages arise in several different types of networks.

This course focuses on recent developments in econometrics, especially structural estimation. The topics include nonseparable models, models of imperfect competition, auction models, duration models, and nonlinear panel data. Results are illustrated with economic applications.

This course presents micro-econometric models, including large sample theory for estimation and hypothesis testing, generalized method of moments (GMM), estimation of censored and truncated specifications, quantile regression, structural estimation, nonparametric and semiparametric estimation, treatment effects, panel data, bootstrapping, simulation methods, and Bayesian methods. The methods are illustrated with economic applications.

This course in organizational economics prepares doctoral students for further study in the field. The course introduces the classic papers and some recent research. The material is organized into the following modules: boundaries of the firm, employment in organizations, decision-making in organizations, and structures and processes in organizations. Each class session covers a few leading papers.

This course was joint-taught between faculty of the Massachusetts Institute of Technology and Harvard University. The Harvard course is Economics 2670 Organizational Economics.

This course explores the relationship between political institutions and economic development, covering key theoretical issues as well as recent empirical evidence. Topics include corruption, democracy, dictatorship, and war. Discusses not just what we know on these topics, but how we know it, covering how to craft a good empirical study or field experiment and how to discriminate between reliable and unreliable evidence.

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.

This introductory course teaches the fundamentals of microeconomics. Topics include consumer theory, producer theory, the behavior of firms, market equilibrium, monopoly, and the role of the government in the economy. 14.01 is a Humanities, Arts, and Social Sciences (HASS) elective and is offered both terms.

This course is a core subject in MIT's undergraduate Energy Studies Minor. This Institute-wide program complements the deep expertise obtained in any major with a broad understanding of the interlinked realms of science, technology, and social sciences as they relate to energy and associated environmental challenges.

14.01 Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. This course introduces microeconomic concepts and analysis, supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, and welfare economics. Students will also be introduced to the use of microeconomic applications to address problems in current economic policy throughout the semester.

This course is a core subject in MIT's undergraduate Energy Studies Minor. This Institute-wide program complements the deep expertise obtained in any major with a broad understanding of the interlinked realms of science, technology, and social sciences as they relate to energy and associated environmental challenges.

Course Format

This course has been designed for independent study. It includes all of the materials you will need to understand the concepts covered in this subject. The materials in this course include:

• A complete set of Lecture Videos by Prof. Jon Gruber.
• Reading Assignments in your choice of two textbooks – one of which is a free online edition - as preparation for the lectures.
• Multiple-choice Quizzes to assess your understanding of the key concepts in each session.
• Problem Sets with solution keys to test your ability to apply to concepts covered in lecture, and Problem Solving Videos to provide step-by-step instruction through several problem set solutions.
• A collection of links For Further Study to provide supplemental online content.
• A full set of Exams, including review material and practice exams to help you prepare.