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