13. Oligopoly

MIT 14.01 Principles of Microeconomics, Fall 2018
Instructor: Prof. Jonathan Gruber

This lectures covers oligopoly, game theory, and the Cournot model.

License: Creative Commons BY-NC-SA

[enterestado]

What I am realizing is how important a good teacher is. I had a full semester of microeconomics and didn´t even care, and was a little afraid of doing the final exam because in my mind the class was a bit confusing. After a couple classes here, I am finding so much easier to learn. I don´t have my teacher notes or my notes from school, and I am doing the exercises even easier than during the semester with notes.

[konstantinosgrammenos]

One of the best lectures I've ever seen. The fact that it breaks down the theory with examples is so helpful.

[bentaakinyi]

Thank so much Prof and MIT for this lectures on Microeconomics.The prof simplifies the concepts and I am able to understand easily and faster.Keep it up MIT.

[MrGus]

He is such a great professor. Thanks for the OCW program

[robbyosborne]

When I took Microeconomics at Lipscomb University back in the Fall 2019 Semester, my professor didn't really go into the deep mathematical field of the subject like this professor does. But that's alright. I still learned a lot in the class. And the professor in this lecture video is one wise man. I might watch all of his videos to get his input on Microeconomics.

[aranza]

thank you very very much for uploading the original lecturing video because of included the questions asked by the students. That helped me a lot to think in different ways.

[deilacarolinacastillo]

Thank you teacher for this great class. It is very ironic that OPEC back then was crumbling like a cartel. After the pandemic they managed to be a poster again. It would be very interesting to see case studies of many companies or the different types of market how they were bought or changed after the pandemic.

[narutogogo]

If only mit starts putting out recitation videos. We ll all be happy

[silverscrew]

Pleasure to listen to... A true master

[hazmanak]

I watched this video before my lectures note. It's much better. Thanks Prof!

[jamessager]

Good lecture.

I laugh when people say conspiracy witnesses are crazy.

They say, "We live in an age of misinformation and conspiracy theorists are crazy."

Really? We live in an age of lies where no one lies. That's Crazy!

They teach conspiracies not just econ, criminology (a thief and partner are legally co conspirators) psychology, sociology, etc etc etc.

People are just dumb. Thanks for being an educator.

[noohnz]

Thankyou so much MIT for this amazing lecture

[nathansgreen]

Kropotkin's Mutual Aid predates Nash's work by half a century, so it's hardly correct to say Nash figured out cooperation first.

[AryanJain-bwin]

So after watching each video how should you practice and which assignments correspond to which lecture

[emindag]

It is definitely very helpful, thank you very much for everything.

[peterg]

Liberal arts education here, but I find this fascinating later in life

[onaqui]

There is a beautiful way in which the market solves the prisoner's dilemma, ever heard the expression "Snitches get stitches"? That's the market solving this dilemma and making sure that the prisoners have a reason to cooperate with greater advantages to keep their mouth shut than to snitch. The free market delivers once again.

[quincykhumaira]

can someone explain why the equilibrium is 64 in the mathematical equation?

[Ruisuification]

Can price discrimination be applied in other market structures, such as monopolistic competition ? I ask because we only study price discrimination at Monopolies, but I'm sure in aviation, for instance, price discrimination is applied and aviation is a monopolistic competition market.

[therevivalist]

What if the products are not homogeneous?