• Econ 50 | Fall 23 | Lecture 3

    Modeling Production with Multivariate Functions

  • Econ 50 | Fall 23 | Lecture 2

    Math Review

  • Econ 51 Fall 23 | 2 | Trading from an Endowment

    Building the Basis of Exchange Equilibrium

  • Econ 50 | Fall 23 | Lecture 1

    Welcome to Econ 50

  • Econ 51 Fall 23 | 1 | Welcome and Review of Econ 50

    Welcome and Review of Econ 50

  • Michigan CAI Presentation

  • Econ 50 | Spring 2023 | Course Retrospective

    Welcome to Econ 50

  • An Old Test Question

    General equilibrium

  • Econ 50 | Spring 2023 | Lecture 23

    General equilibrium

  • Econ 50 | Spring 2023 | Lecture 22

    Relationships Between Markets

  • Econ 51 | 15 | Externalities

  • Econ 50 | Spring 2023 | Lectures 20 and 21

    Bringing supply and demand together

  • Econ 51 | 12 | Trading from an Endowment

    Building the Basis of Exchange Equilibrium

  • Econ 50 | Spring 2023 | Lecture 19

    Output Supply and Labor Demand for a Competitive Firm

  • Econ 50 | Spring 2023 | Lecture 18

    Profit Maximization, With and Without Market Power

  • Econ 50 | Spring 2023 | Lecture 17

    Elasticity and Revenue for a Firm

  • Econ 50 | Spring 23 | Lecture 16

    Characteristics of Cost Functions

  • Econ 50 | Spring 23 | Lecture 15

    Production and Cost

  • Econ 51 | Spring 23 | 9 | BNE and Auctions

    Uncertainty and Risk Aversion - Presentation

  • Econ 50 | Spring 23 | Lecture 13

    Cost Minimization; Income and Substitution Effects

  • Econ 51 | Spring 23 | 8 | Principal-Agent and Price Discrimination

    How to design a mechanism to get someone to behave a certain way, or to reveal their true preferences

  • Econ 50 | Spring 23 | Lecture 12

    Shifts in demand curves; offer curves; complements and substitutes; normal and inferior goods

  • Econ 50 | Spring 23 | Lecture 11

    Demand Functions and Demand Curves

  • Econ 51 | Spring 23 | 7 | Incomplete Information and Risk Aversion

    Uncertainty and Risk Aversion - Presentation

  • Econ 50 | Spring 23 | Lecture 10

    The Consumer's Problem: Utility Maximization subject to a Budget Constraint

  • Econ 50 | Spring 23 | Lecture 8

    Constrained Optimization when Calculus Doesn't Work

  • Econ 51 | Spring 23 | 5 | Dynamic Games and Subgame Perfection

    Sequential Games of Complete & Perfect Information

  • Econ 50 | Spring 23 | Lecture 7

    Constrained Optimization with Calculus

  • Econ 50 | Spring 23 | Lecture 6

    Preferences and Utility Functions

  • Econ 51 | Spring 23 | 4 | Nash Equilibrium

    Introduction to game theory; dominance and best response; Nash equilibrium

  • Econ 50 | Spring 23 | Lecture 5

    Preferences and Utility Functions

  • Econ 51 | Spring 23 |3 | Dominance, Best Response, and Rationalizability

    The first steps to understanding strategic behavior: what will you NOT do? What, based on your beliefs about the other players' strategies, might you do?

  • Econ 50 | Spring 23 | Lecture 3

    Characteristics of Production Functions

  • Econ 51 | Spring 23 | 1 | Welcome and Intertemporal Consumption

  • Econ 50 | Spring 23 | Lecture 2

    Modeling Production with Multivariate Functions

  • Econ 50 | Spring 23 | Lecture 4

    Resource Constraints and Production Possibilities

  • Econ 50 | Spring 23 | Lecture 1

    Welcome to Econ 50

  • Econ 51 | Fall 2022 | 15 | Externalities

  • Econ 50 | Fall 2022 | 15 | General Equilibrium

    Bringing supply and demand together

  • Econ 50 | Fall 2022 | 14 | Resource Allocation and the PPF

    We examine the tradeoff an economy faces in allocating its resources among different goods, and how an individual would choose the allocate those resources if they were the only consumer.

  • Econ 51 | Fall 22 | 12 | Bayesian Nash Equilibrium and Auctions

    Static Games of Incomplete Information

  • Econ 51 | 11 | Probability in Games

  • Econ 50 | Fall 2022 | 13 | Partial Equilibrium

    Bringing supply and demand together

  • Econ 50 | Fall 2022 | 12 | Market Demand

  • Econ 51 | 10 | Game Theory II: Dynamic Games

  • Econ 51 | 9 | Simultaneous-Move Games

    Introduction to game theory; dominance and best response; Nash equilibrium

  • Econ 51 | Fall 2022 | 8 | Oligopoly II

  • Econ 51 | Fall 2022 | 7 | Oligopoly

  • Econ 50 | 3 | Preferences and Utility | Fall 22

  • Jet Set 2022