14.01 | Fall 2018 | Undergraduate

Principles of Microeconomics

Lecture Videos

Lecture 5: Production Theory


This video introduces the second unit of the course about producer theory. Topics include the production function, short run production, long run production, rates of technical substitution, returns to scale, and productivity. See Handout 5 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