Price of good 1 is decreased. Slutsky decomposition. (Image by Prof. Sergei Izmalkov.)
Instructor(s)
Prof. Sergei Izmalkov
MIT Course Number
14.04
As Taught In
Fall 2006
Level
Undergraduate
Course Description
Course Features
Course Description
This course focuses on the following topics: basic theory of consumer behavior; production and costs; partial equilibrium analysis of pricing in competitive and monopolistic markets; general equilibrium; welfare; and externalities. It is recommended for students planning to apply to graduate school in economics, accounting, or finance.
