Learning Basic Economics can only give you an overview of the concepts, theories, and principles of the topic. To have an in-depth knowledge of this, you need to focus on learning about microeconomic theories, methodologies, and its applications.
Taking this Microeconomic Theory Part 1 will help you expand your knowledge on economics focusing on the smaller scale of economy. This course will utilize your knowledge of multivariable calculus, linear algebra, and basic real analysis.
This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer needs to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.
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Course Credit: MIT
|Choice, Preference, and Utility||00:40:00|
|Applications of Consumer Theory||00:30:00|
|Monotone Comparative Statistics, with Applications to Producer Theory||01:00:00|
|Expected Utility Theory||00:30:00|
|Attitudes Towards Risk||00:30:00|
|Comparing Risky Prospects||00:20:00|
|Critiques of Expected Utility||00:30:00|
|Dynamic Choice and Time-Inconsistency||00:30:00|
|Submit Your Assignment||00:00:00|
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