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14.03 Microeconomic Theory and Public Policy

Prereq: 14.01 or permission of instructor
U (Fall, Spring)
12 Units. HASS-S

Applies microeconomic theory to analysis of public policy. Builds from microeconomic model of consumer behavior; extends to operation of single and multiple markets and analysis of why markets sometimes fail. 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.

Fall: D. Autor
Spring: N. Agarwal

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Subject meets with 14.003

Subjects

http://catalog.mit.edu/subjects/

...and Planetary Sciences Course 14 Economics Course 15...for example: Prereq: 7.03 , 7.05 , 7...

Subjects

http://catalog.mit.edu/summer/subjects/

...and Planetary Sciences Course 14 Economics Course 15...for example: Prereq: 7.03 , 7.05 , 7...

Economics (Course 14-1)

http://catalog.mit.edu/degree-charts/economics-course-14/

Degree Chart for Bachelor of Science in Economics (Course 14)

Mathematics (Course 18)

http://catalog.mit.edu/degree-charts/mathematics-course-18/

...be satisfied by 18.03 in the Departmental...06 Quantum Physics III 14.33 Research and...

Mathematical Economics (Course 14-2)

http://catalog.mit.edu/degree-charts/mathematical-economics-course-14-2/

Degree Chart for Bachelor of Science in Mathematical Economics (Course 14-2)

Computer Science, Economics, and Data Science (Course 6-14)

http://catalog.mit.edu/degree-charts/computer-science-economics-data-science-course-6-14/

General Institute Requirements (GIRs) The General Institute Requirements include a Communication Requirement that is integrated into both the HASS Requirement and the requirements of each major; see details below. Summary of Subject Requirements Subjects Science Requirement 6 Humanities, Arts, and Social Sciences (HASS) Requirement [between one and three subjects can be from the Departmental Program]; at least two of these subjects must be designated as communication-intensive (CI-H) to fulfill the Communication Requirement. 8 Restricted Electives in Science and Technology (REST) Requirement [can be satisfied by 6.042[J] and 18.06 in the Departmental Program] 2 Laboratory Requirement (12 units) [can be satisfied by 14.32 in the Departmental Program] 1 Total GIR Subjects Required for SB Degree 17 Physical Education Requirement Swimming requirement, plus four physical education courses for eight points. Departmental Program Choose at least two subjects in the major that are designated as communication-intensive (CI-M) to fulfill the Communication Requirement.

Department of Aeronautics and Astronautics

http://catalog.mit.edu/schools/engineering/aeronautics-astronautics/

...also includes subject 18.03 Differential Equations . Unified...in economics (e.g., 14.01 Principles of...