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MIT OpenCourseWare (MIT OCW) is an initiative of the Massachusetts Institute of Technology (MIT) to publish all of the educational materials from its undergraduate- and graduate-level courses online, freely and openly available to anyone, anywhere.
Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...
In economics, the marginal cost is the change in the total cost that arises when the quantity produced is increased, i.e. the cost of producing additional quantity. [1] In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount.
This organization organized volunteers to translate foreign OpenCourseWare, mainly MIT OpenCourseWare into Chinese and to promote the application of OpenCourseWare in Chinese universities. In February 2008, 347 courses had been translated into Chinese and 245 of them were used by 200 professors in courses involving a total of 8,000 students.
MIT Open Learning is a Massachusetts Institute of Technology (MIT) organization, [1] [2] headed by Dimitris Bertsimas, [3] that oversees several MIT educational initiatives, such as MIT Open CourseWare, MITx, [4] MicroMasters, [5] MIT Bootcamps [6] and others.
In microeconomics, a monopoly price is set by a monopoly. [1] [2] A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. [1] [2] Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. [1] [2]
Other initiatives derived from MIT OpenCourseWare are China Open Resources for Education and OpenCourseWare in Japan. The OpenCourseWare Consortium, founded in 2005 to extend the reach and impact of open course materials and foster new open course materials, counted more than 200 member institutions from around the world in 2009. [117]
The microfoundations project originated in the post-Second World War neoclassical synthesis where it is generally believed that neoclassical microeconomics fused with Keynesian macroeconomics. [5] The 'neoclassical microeconomics' in mention is the Marshallian partial-equilibrium approach , which emerged from the Walrasian general equilibrium ...