Lectures (Video)
- 1. Introduction to Microeconomics
- 2. Applying Supply and Demand
- 3. Elasticity
- 4. Preferences and Utility
- 5. Budget Constraints
- 6. Deriving Demand Curves
- 7. Applying Consumer Theory: Labor Supply
- 8. Introduction to Producer Theory
- 9. Production Theory
- 10. Competition I
- 11. Competition II
- 12. Competition III
- 13. Welfare Economics
- 14. Monopoly I
- 15. Monopoly II
- 16. Oligopoly I
- 17. Oligopoly II
- 18. Factor Markets
- 19. International Trade
- 20. Welfare Economics
- 21. Capital Supply and Markets I
- 22. Capital Supply and Markets II
- 23. Equity and Efficiency
- 24. Government Redistribution Policy
- 25. U.S. Social Insurance Programs
- 26. Healthcare Economics
Principles of Microeconomics - Lecture 18
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Lecture 18 - Factor Markets
Earlier in the semester, we discussed the labor supply decisions made by consumers when deciding how much they should or should not work. However, firms have the power to decide how many workers to hire. This lecture focuses on the operation of firms in the factor markets that supply the factors (labor and capital) they use in production.
Prof. Jonathan Gruber
14.01 Principles of Microeconomics (Massachusetts Institute of Technology: MIT OpenCourseWare) http://ocw.mit.edu Date accessed: 2012-03-01 License: Creative Commons BY-NC-SA |
Lecture Material
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