Microeconomic Theory and Public Policy

Graph of persons receiving food stamps 1960-2000.

Persons receiving food stamps in the U. S., 1960-2000. Shaded areas are periods of recession as defined by the National Bureau of Economic Research. (Image courtesy of the U.S. Department of Health and Human Services.)


MIT Course Number

14.03 / 14.003

As Taught In

Fall 2010



Cite This Course

Course Features

Course Description

This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage regulations, food stamp provision, trade protection, educational credentials, health insurance markets, and real estate markets.

David Autor. 14.03 Microeconomic Theory and Public Policy, Fall 2010. (Massachusetts Institute of Technology: MIT OpenCourseWare), http://ocw.mit.edu (Accessed). License: Creative Commons BY-NC-SA

For more information about using these materials and the Creative Commons license, see our Terms of Use.