Lec 1: Introduction to Principles of Microeconomics and Supply & Demand

Name: Lec 1: Introduction to Principles of Microeconomics and Supply & Demand
Uploaded: 2025-04-02T14:42:02Z
Duration: 38 min 29 s
Description: In this lecture, Prof. Gruber introduces the class by explaining microeconomics as the study of individuals and firms who make themselves as well off as possible in a world full of scarcity. He then explains the core concepts of supply and demand. Keywords: microeconomics, scarcity, constrained optimization, supply and demand

38:29

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In this lecture, Prof. Gruber introduces the class by explaining microeconomics as the study of individuals and firms who make themselves as well off as possible in a world full of scarcity. He then explains the core concepts of supply and demand. Keywords: microeconomics, scarcity, constrained optimization, supply and demand