MIT Subject Listing & Schedule
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14.03 Microeconomic Theory and Public Policy

(, )
(Subject meets with 14.003)
Prereq: 14.01 or permission of instructor
Units: 4-0-8
Lecture: MW10.30-12 (32-124) Recitation: F9 (E52-164) or F10 (E51-057) +final

Students master and apply economic theory, causal inference, and contemporary evidence to analyze policy challenges. These include the effect of minimum wages on employment, the value of healthcare, the power and limitations of free markets, the benefits and costs of international trade, the causes and remedies of externalities, the consequences of adverse selection in insurance markets, the impacts of labor market discrimination, and the application of machine learning to supplement to decision-making. Class attendance and participation are mandatory. Students taking graduate version complete additional assignments.
Fall: D. Autor
Spring: P. Scott
No required or recommended textbooks