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Lec 8 | MIT 14.01SC Principles of Microeconomics

Professor begins talking about the theory of the producer and for this begins reviewing the basic concepts (consumer, producer). It focuses on the producer. Alsow review productio…

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Lec 8a | MIT 14.01SC Principles of Microeconomics

Professor finish the discussion of consumers theory then move on of producers theory. Finish with the demand curve and continue with supplies curves. Also talks about why substitu…

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Lec 9 | MIT 14.01SC Principles of Microeconomics

Professor talks about Malthus, recognized character in economics, to problematize the concept of productivity. Also talk about how firms decided the cost minimize of producing was…

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