Microeconomic Theory III

A photograph of a store window with an outline of the state of Texas in neon. Inside the outline are the words "Play Lottery."

A neon sign in a store window lures passersby to come in and buy a lottery ticket. Playing the lottery is considered "decision making under risk" in the field of microeconomics. (Image courtesy of Ana Belén Ramón on Flickr. License: CC BY-NC-SA.)


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As Taught In

Spring 2015



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Course Description

Course Features

Course Description

This course covers models of individual decision-making under certainty and uncertainty. Applications include risk sharing and financial markets; contracts and information economics; village economies and national development; models with money and credit; trade, spatial economics and differentiated commodities.

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Muhamet Yildiz. 14.123 Microeconomic Theory III. Spring 2015. Massachusetts Institute of Technology: MIT OpenCourseWare, https://ocw.mit.edu. License: Creative Commons BY-NC-SA.

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