In the first six weeks we described models of individual and firm choice, and given many individuals and many firms we were able to describe a competitive market. In doing so we found that the outcomes in a competitive market allowed gains from trade – buyers who valued the products more than the sellers were […]
This week was a topic that a lot of students take the course for – finance. Finance seems like an exciting topic, with a lot of the economic metrics we see flashed around day to day related to financial markets rather than the abstract markets we’ve been talking about so far. However, what do we […]
One week, two big topics! Today we’re discussing Game Theory. This topic is awesome, and really wish we could give it more space – in future economics you will. So what are we thinking about here.
Hi all, As you know this is a course on microeconomics … so it is a bit random to teach macroeconomics. However, as this is the only economics course many students do we think it is a good idea to introduce some of the jargon you will see a lot in your work life! Usually […]
This weeks discussion is something a bit different. For the first six weeks we were building up models of producer and consumer choice, and finished with our market model of “perfect competition”. Given this we were able to discuss gains from trade where all producers were the same – but consumers were a bit different. […]
Hi all. As you will have noticed from the lecture videos there is a lot of content in this week – more than in any other single week. But it is because we are tying all the prior weeks together, and trying to make sure we are clear regarding what we are saying! The lecture […]