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Browse materialsMIT 14.04 · Fall 2020

Intermediate Microeconomic Theory

Subject: Economics

Art: William Playfair, 1786 Playfair - 19 Chart Annual Revenues of England and France (from…, 1786 · Public domain

Instructor: Prof. Robert M. Townsend
Term: Fall 2020
Level: Undergraduate
What's inside: 24 videos · 3 exams · 1 reading · 35 other files · 4 web pages
Materials open: Videos here · files on MIT OCW

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About this course

Source: MIT OpenCourseWare 14.04 Intermediate Microeconomic Theory, Fall 2020, Prof. Robert M. Townsend — original course page on ocw.mit.edu ↗. License: CC BY-NC-SA 4.0. Study order: MIT's own listing order, section by section. Taken from MIT's published course files, downloaded from ocw.mit.edu on September 22, 2026. How RedLectern is built.

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5 files

21 video transcripts

MIT OpenCourseWare, Prof. Robert M. Townsend, 14.04 Intermediate Microeconomic Theory, Fall 2020.

License: CC BY-NC-SA 4.0 · Edition: Fall 2020 · Open the original course on OCW ↗

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Intermediate Microeconomic Theory

Before you start

What's here, and what isn't

Not included here

Materials by section

Assignments

Exams

Other materials from this course

Lecture 1: Economic Science

Lecture 2: Consumer Choice

Lecture 3: Income and Substitution Effects

Lecture 4: Production and Profit Maximization

Lecture 5: Uncertainty and Linear Programs

Lecture 6: Dynamics and Programming

Lecture 7: Pareto Optimality

Exam #1 Review for Intermediate Microeconomic Theory

Lecture 8: Risk-Sharing Application

Lecture 9: Risk-Sharing with Production

Lecture 10: Ledgers and Management

Lecture 11: Contracts and Mechanism Design

Lecture 12: Contract Application, Obstacles

Lecture 13: Walrasian Equilibrium and Trade

Lecture 14: Real and Financial Flows: Thailand

Lecture 15: Data and Policy in the United States

Exam #2 Review for Intermediate Microeconomic Theory

Lecture 16: Fundamental Welfare Theorems

Lecture 17: Existence of Equilibria

Lecture 18: Aggregation

Lecture 19: Identification and Falsification

Lecture 20: Failure of Welfare Theorems

Lecture 21: Bubbles

Final Exam Review for Intermediate Microeconomic Theory