• Econ 50 | Fall 23 | Course Retrospective

    Welcome to Econ 50

  • Econ 50 | Fall 23 | Lecture 25

    The Long Run

  • Econ 51 | 18 | Price Discrimination and Revealed Preference

    Designing mechanisms to reveal preferences

  • Econ 51 | 17 | Moral Hazard and Adverse Selection

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

  • Econ 50 | Fall 23 | Lecture 24

    General equilibrium

  • Econ 50 | Fall 23 | Lecture 23

    Relationships Between Markets

  • Econ 51 | 16 | Dynamic Games of Incomplete Information

    Perfect Bayesian Equilibrium and Signaling Models

  • Econ 51 | 15 | Static Games of Incomplete Information

    Uncertainty and Risk Aversion - Presentation

  • Econ 50 | Fall 23 | Lecture 22

    Welfare Analysis of Equilibrium

  • Econ 50 | Fall 23 | Lecture 21

    Bringing supply and demand together

  • Econ 51 | 14 | Repeated Games

    Sequential Games of Complete and Perfect Information

  • Econ 50 | Fall 23 | Lecture 20

    Market Demand and Supply; Review

  • Econ 51 | 13 | Dynamic Games and Subgame Perfection

    Sequential Games of Complete and Perfect Information

  • Econ 50 | Fall 23 | Lecture 19

    Output Supply and Labor Demand for a Competitive Firm

  • Econ 50 | Fall 23 | Lecture 18

    Profit Maximization, With and Without Market Power

  • Econ 50 | Fall 23 | Lecture 17

    Elasticity and Revenue for a Firm

  • Econ 50 | Fall 23 | Lecture 16

    Production and Cost for a Firm

  • Econ 51 | 12 | Oligopoly

    Cournot duopoly and other applications of Nash equilibrium

  • Econ 51 | 11 | Nash Equilibrium

    Nash equilibrium in pure and mixed strategies

  • Econ 50 | Fall 23 | Lecture 15

    Review of Consumer Theory

  • Econ 51 | 10 | 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 | Fall 23 | Lecture 13

    Cost Minimization; Income and Substitution Effects

  • Econ 51 | 9 | Introduction to Game Theory

    Notation and definitions

  • Econ 50 | Fall 23 | Lecture 12

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

  • Econ 50 | Fall 23 | Lecture 11

    Demand Functions and Demand Curves

  • Econ 51 | 8 | Public Goods

  • Econ 50 | Fall 23 | Lecture 10

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

  • Econ 51 | 7 | Externalities

  • Econ 50 | Fall 23 | Lecture 9

    Constrained Optimization when Calculus Doesn't Work

  • Econ 50 | Spring 23 | Lecture 8

    Constrained Optimization with Calculus

  • Econ 50 | Fall 23 | Lecture 7

    Characteristics of Utility Functions

  • Econ 50 | Fall 23 | Lecture 6

    Preferences and Utility Functions

  • Econ 50 | Fall 23 | Lecture 5

    Resource Constraints and Production Possibilities

  • Econ 51 | 4 | Uncertainty and Risk

    Uncertainty and Risk Aversion

  • Econ 50 | Fall 23 | Lecture 4

    Characteristics of Production Functions

  • Econ 51 | Fall 23 | 3 | Intertemporal Choice

    We apply the framework of consumer choice theory to the choice of how to allocation money across time, investigating saving and borrowing.

  • 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