Lectures (Video)
- 1. Introduction to Microeconomics
- 2. Applying Supply and Demand
- 3. Elasticity
- 4. Preferences and Utility
- 5. Budget Constraints
- 6. Deriving Demand Curves
- 7. Applying Consumer Theory: Labor Supply
- 8. Introduction to Producer Theory
- 9. Production Theory
- 10. Competition I
- 11. Competition II
- 12. Competition III
- 13. Welfare Economics
- 14. Monopoly I
- 15. Monopoly II
- 16. Oligopoly I
- 17. Oligopoly II
- 18. Factor Markets
- 19. International Trade
- 20. Welfare Economics
- 21. Capital Supply and Markets I
- 22. Capital Supply and Markets II
- 23. Equity and Efficiency
- 24. Government Redistribution Policy
- 25. U.S. Social Insurance Programs
- 26. Healthcare Economics
Principles of Microeconomics - Lecture 21
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Lecture 21 - Capital Supply and Markets I
During most of our discussion of consumer decisions and the production decisions of firms, we have focused on only labor and the decisions that individuals make about whether or not to work. We know from our study of production functions that firms also use capital to produce output. Where does capital come from? Not surprisingly, it is the result of another consumer decision, the decision of whether or not to save. This lecture analyzes the decisions consumers and firms make in the capital market.
Prof. Jonathan Gruber
14.01 Principles of Microeconomics (Massachusetts Institute of Technology: MIT OpenCourseWare) http://ocw.mit.edu Date accessed: 2012-03-01 License: Creative Commons BY-NC-SA |
Lecture Material
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