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Michael Olafusi

MIT: Applied Economics for Managers

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You can register on MIT Opencourseware for Applied Economics for Managers at https://ocw.mit.edu/courses/sloan-school-of-management/15-024-applied-economics-for-managers-summer-2004/ 

About the course

The fact of scarcity forces individuals, firms, and societies to choose among alternative uses – or allocations – of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist's criterion of market efficiency.

Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.

Syllabus

LEC # TOPICS LECTURE NOTES
1 Choice, Efficiency, and the Basic Demand and Supply Model (PDF)
2 Choice, Efficiency, and the Basic Demand and Supply Model (cont.) (PDF)
3 Behind Demand and Supply Curves

Consumer and Producer Theory
(PDF)
4 Behind Demand and Supply Curves (cont.)

Consumer and Producer Theory (cont.)
(PDF)
5 Behind Demand and Supply Curves (cont.)

Consumer and Producer Theory (cont.)
(PDF)
6 Monopoly, Imperfect Competition, Pricing Tactics (PDF)
7 Monopoly, Imperfect Competition, Pricing Tactics (cont.) (PDF)
8 Monopoly, Imperfect Competition, Pricing Tactics (cont.) (PDF)
9 Monopolistic Competition and Oligopoly, Elements of Strategy (PDF)
10 Monopolistic Competition and Oligopoly, Elements of Strategy (cont.) (PDF)
11 Monopolistic Competition and Oligopoly, Elements of Strategy (cont.) (PDF)
12 Externalities and Public Goods (PDF)
13 Externalities and Public Goods (cont.) (PDF)
14 Uncertainty and Information (PDF)
15 Uncertainty and Information (cont.) (PDF)
16 Uncertainty and Information (cont.) (PDF)
17 Market Lessons and Organizational Architecture, Group Decision Making (PDF)
18 Market Lessons and Organizational Architecture, Group Decision Making (cont.) (PDF)
19 International Trade Issues (PDF)
20 Equity and Income Distribution (PDF)
  Final Exam  

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