Microeconomic Theory III

A photograph of a store window with an outline of the state of Texas in neon. Inside the outline are the words "Play Lottery."

A neon sign in a store window lures passersby to come in and buy a lottery ticket. Playing the lottery is considered "decision making under risk" in the field of microeconomics. (Image courtesy of Ana Belén Ramón on Flickr. License: CC BY-NC-SA.)

Instructor(s)

MIT Course Number

14.123

As Taught In

Spring 2015

Level

Graduate

Cite This Course

Course Description

Course Features

Course Description

This course covers models of individual decision-making under certainty and uncertainty. Applications include risk sharing and financial markets; contracts and information economics; village economies and national development; models with money and credit; trade, spatial economics and differentiated commodities.

Other Versions

Other OCW Versions

OCW has published multiple versions of this subject. Question_OVT logo

Archived versions: Question_avt logo

Related Content

Muhamet Yildiz. 14.123 Microeconomic Theory III. Spring 2015. Massachusetts Institute of Technology: MIT OpenCourseWare, https://ocw.mit.edu. License: Creative Commons BY-NC-SA.


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


Close