14.01 | Fall 2018 | Undergraduate

Principles of Microeconomics

Lecture Videos

Lecture 21: Efficiency and Equity


In this lecture, Prof. Gruber introduces the idea of equity and efficiency, including choosing the socially optimal allocation, inequality, and sources of leakage. See Handout 21 for relevant graphs for this lecture. 

Instructor: Prof. Jonathan Gruber

Course Info

As Taught In
Fall 2018
Learning Resource Types
Lecture Videos
Problem Sets with Solutions
Exams with Solutions
Lecture Notes
Instructor Insights