14.04 Intermediate Microeconomic Theory

Fall 2006

Price of good 1 is decreased. Slutsky decomposition.
Price of good 1 is decreased. Slutsky decomposition. (Image by Prof. Sergei Izmalkov.)

Course Description

This course focuses on the following topics: basic theory of consumer behavior; production and costs; partial equilibrium analysis of pricing in competitive and monopolistic markets; general equilibrium; welfare; and externalities. It is recommended for students planning to apply to graduate school in economics, accounting, or finance.

Recommended Citation

For any use or distribution of these materials, please cite as follows:

Sergei Izmalkov, course materials for 14.04 Intermediate Microeconomic Theory, Fall 2006. MIT OpenCourseWare (http://ocw.mit.edu/), Massachusetts Institute of Technology. Downloaded on [DD Month YYYY].

Donate Now


Prof. Sergei Izmalkov

Course Meeting Times

Two sessions / week
1.5 hours / session

One session / week
1.0 hour / session