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2 Preferences and Utility Functions

Learners: 705,497

Instructor: MIT OpenCourseWare

Duration:

This MIT 14.01 Principles of Microeconomics course, taught by Prof. Jonathan Gruber, focuses on the demand and supply curves, derived from how consumers and firms make decisions. It covers topics such as model assumptions, indifference curves, utility functions, marginal rate of substitution, and more. Through real-world examples, this course provides an in-depth understanding of the principles of microeconomics. Click the link to learn more and join the course today! ▼▲

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Course Feature

Cost:

Free

Provider:

Youtube

Certificate:

No Information

Language:

English

Start Date:

2020-07-16 00:00:00

Course Overview

❗The content presented here is sourced directly from Youtube platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [July 24th, 2023]

Through this course, learners can gain experience and expertise in understanding the demand and supply curves, how consumers and firms make decisions, and how to use utility functions and marginal rate of substitution to analyze preferences. They will also gain an understanding of how to graph these curves and how to apply them to real-world examples.

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