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Persons receiving food stamps in the U. S., 1960-2000. Shaded areas are periods of recession as defined by the National Bureau of Economic Research. (Image courtesy of the U.S. Department of Health and Human Services.)
Prof. David Autor
14.03 / 14.003
Fall 2010
Undergraduate
This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. We apply this material to policy debates including minimum wage regulations, food stamp provision, trade protection, educational credentials, health insurance markets, and real estate markets.
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