In this course, the student will build on and apply what you learned in the introductory macroeconomics course. The student will use the concepts of output, unemployment, inflation, consumption, and investment to study the dynamics of an economy at a more advanced level. As the course progresses, the student will gain a better appreciation for how policy shifts and changes in one sector impact the rest of the macroeconomy (whether the impacts are intended or unintended). The student will also examine the causes of inflation and depression, and discuss various approaches to responding to them. By the end of this course, the student should be able to think critically about the economy and develop your own unique perspective on various issues. Upon successful completion of this course, the student will be able to: Explain the standard theory in macroeconomics at an intermediate level; Explain and use the basic tools of macroeconomic theory, and apply them to help address problems in public policy; Analyze the role of government in allocating scarce resources; Explain how inflation affects entire economic systems; Synthesize the impact of employment and unemployment in a free market economy; Build macroeconomic models to describe changes over time in monetary and fiscal policy; Compare and contrast arguments concerning business, consumers and government, and make good conjectures regarding the possible solutions; Analyze the methods of computing and explaining how much is produced in an economy; Apply basic tools that are used in many fields of economics, including uncertainty, capital and investment, and economic growth. (Economics 202)

This group-work lesson is designed for students with beginner to low-intermediate communication skills. The purpose of this lesson is to help students to familiarize themselves with basic elements of job ads (e.g. job title, role responsibilities, minimum qualifications, and company description), and how to compare the description in these categories to target job applicants. Through this lesson, students will learn how to analyze a job advertisement and match example job applicants to the target job. They will also work to improve their discussion skills.

This group-work lesson is designed for students with beginner to low-intermediate communication skills. The purpose of this lesson is to help students to familiarize themselves with basic elements of job ads (e.g. job title, role responsibilities, minimum qualifications, and company description), and how to compare the description in these categories to target job applicants. Through this lesson, students will learn how to analyze a job advertisement and match example job applicants to the target job. They will also work to improve their discussion skills.

This group-work lesson is designed for students with beginner to low-intermediate communication skills. The purpose of this lesson is to help students to familiarize themselves with basic elements of job ads (e.g. job title, role responsibilities, minimum qualifications, and company description), and how to compare the description in these categories to target job applicants. Through this lesson, students will learn how to analyze a job advertisement and match example job applicants to the target job. They will also work to improve their discussion skills.

This group-work lesson is designed for students with beginner to low-intermediate communication skills. The purpose of this lesson is to help students to familiarize themselves with basic elements of job ads (e.g. job title, role responsibilities, minimum qualifications, and company description), and how to compare the description in these categories to target job applicants. Through this lesson, students will learn how to analyze a job advertisement and match example job applicants to the target job. They will also work to improve their discussion skills.

Poster showing a soldier holding his "Honorable Discharge," crossing a welcome mat to pass through door of "Bureau for Returning Soldiers and Sailors." United States Department of Labor--United States Employment Service.

U.S. Army recruiting poster showing a man in uniform holding an American flag with silhouette of a castle in the background. Poster caption continues: Now enlisting men between 18 to 21 and 31 to 41 ; Apply to commanding officer Washington Barracks, D.C.

This is a graduate course in labor economics. The course will focus on covering theory and evidence on inequality, wage structure, skill demands, employment, job loss, and early-life determinants of long-run outcomes. Particular areas of focus are: (1) wage determination, including the Roy model, equalizing wage differentials, and models of discrimination; (2) the roles played by supply, demand, institutions, technology and trade in the evolving distribution of income.

In Episode 10, young people who are looking for that first job can learn about the basics of the labor market in this country. A brief explanation is given of the roles played by education, supply, demand, productivity and government regulation.

Data set and map pertaining to labor force participation rates for women in all countries. The World Bank specifies female labor force participation as a World Development Indicator (WDI) -- the statistical benchmark that helps measure the progress of development.

Data set and map pertaining to total labor force participation rates for all countries. The World Bank specifies labor force participation as a World Development Indicator (WDI) -- the statistical benchmark that helps measure the progress of development.

Much of 15.617 focuses on mergers and acquisitions (M&A), and the law-sensitive aspects of financial services and financial markets. The course is designed to be an introduction to business law that covers the fundamentals, including contracts, liability, regulation, employment, and corporations. This class also provides an in-depth treatment of the law of finance.

This course is designed to give students an introduction to the law-sensitive aspects of Mergers & Acquisitions (M&A). In Module I, we examine the legal implications of key roles and deal structures, and walk through some of the issues that would typically arise in a simple and friendly transaction. We also give a class to the legal issues arising in LBOs and the legal concerns of financial sponsors more generally, and another class to employment-related issues, including those relating to managers facing unsettled circumstances.
In Module II, we look at a variety of complications, including those that arise in the friendly or unfriendly purchase of a publicly-held company; deals involving distressed and hi-tech companies; antitrust concerns; allegations of misconduct by management or board members; and deals involving non-U.S. companies.

U.S. Army recruiting poster showing a map of the United States entitled "The work of the Construction Division of the Army" which identifies locations as "National Guard Camps", "Signal Corps Camps", "Tank Corps", "Nitrate Plant", "Chemical Warfare Camps", "Artillery Camps", "Ordnance Arsenals", and others; also lists a number of employments available to enlisted servicemen. Poster caption: Learn a trade while serving a one or three year enlistment with the Army builders ; Pay from $30 to $105 per month - Age limits 18 years to 45 years ; Food, clothing, quarters and medical attendance free. Where else can you find such an opportunity?

Poster showing two scenes, of men arriving for work at a shipyard, and of a sailor firing on a submarine. Title from item.

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.
MITx Online Version
This course is part of the Micromaster’s Program in Data, Economics, and Design of Policy through MITx Online. The course is entirely free to audit, though learners have the option to pay a fee, which is based on the learner’s ability to pay, to take the proctored exam, and earn a course certificate. To access the course, create an MITx Online account and enroll in the course 14.003x Microeconomic Theory and Public Policy.

When it comes to the U.S. economy, the Federal Reserve has a very important role to play. Whether you realize it or not, its decisions affect you. In this episode of The Economic Lowdown podcast series, you’ll learn about how the Federal Reserve uses monetary policy to influence the economy.

U.S. Army Motor Transport Corps recruiting poster showing two men working in an auto repair shop, also shows truck from the Army Motor Transport Corps. Poster caption continues: Become an expert mechanic ; Learn the auto trade.