A photograph of a pile of EBT cards from various U.S. states. In session 7, the class discussed anti-poverty initiatives, including food assistance programs. (Image is in the public domain.)
Instructor(s)
Prof. David Autor
MIT Course Number
14.03 / 14.003
As Taught In
Fall 2016
Level
Undergraduate / Graduate
Course Description
Course Features
Educator Features
Course Description
This course applies microeconomic theory to analysis of public policy. It builds from the microeconomic model of consumer behavior and extends to operation of single and multiple markets and analysis of why markets sometimes fail. We will study empirical examples to evaluate theory, focusing on the casual effects of policy interventions on economic outcomes. Topics include minimum wages and employment, food stamps and consumer welfare, economics of risk and safety regulation, the value of education, and gains from international trade.
