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.

Poster showing a mechanic in overalls. Text continues: Sign up now for a course of instruction in the Motor Transport Corps Training School. Earn while you learn. Poster includes blank space for address of local recruiting office. Engineer Reproduction Plant, U.S. Army, Washington Barracks, D.C.

Poster showing a woman using a plow pulled by a horse. Apply for enrolment forms at your nearest post office or employment exchange. Series W9. Title from item.

Poster showing Uncle Sam directing a man to the Army Recruiting Office. Courtesy New York American. Recruiting series no. 6. No. 3-6993.

Apply: 34 East 23d St., N.Y. - 115 Flatbush Ave., B'klyn. Poster is text only. Forms part of: Willard and Dorothy Straight Collection.

Facing a relative lack of enthusiasm for his campaign in New York State, Lewis Cass hoped to muster Democratic rank-and-file support by endorsing for lieutenant-governor the popular lawyer Charles O'Conor. Here the "Old Hunker" (i.e., conservative Democrat) Cass fishes from a rock at right, dangling a line with O'Conor on its hook above a group of Irish immigrant laborers. O'Conor says, "Come my Countrymen" as he is hailed enthusiastically by the workers, exclaim, "Hurra for Charley O'Connor," "We'll have him President yet," and "Isn't he a darling." A man at the far left says, "Send down the Jewell." Their tools--spades, wheelbarrow, pickaxes and such--are strewn about. At left is a wall plastered with posters advertising a "Mass Meeting Cass & Butler" and "One More Rally for Ireland." Cass remarks, "Upon my honor, I had no idea that a Lawyer was such excellent bait for the real Dimicrats!"|Lith: & pubd. by H.R. Robinson 31 Park Row N.Y. (adjoining Lovejoy's Hotel).|Probably drawn by "W.J.C."|Title appears as it is written on the item.|Weitenkampf, p. 90-91.|Forms part of: American cartoon print filing series (Library of Congress)|Published in: American political prints, 1766-1876 / Bernard F. Reilly. Boston : G.K. Hall, 1991, entry 1848-34.

An attack on Nicholas Biddle and the New York newspaper editors friendly to the United States Bank. The print was evidently prompted by Biddle's 1834 attempt to create a financial crisis through an artificial tightening of credit. Biddle created the shortage as a ploy to swing public support toward the United States Bank, then under attack by the Jackson administration. Whig editors James Watson Webb, Mordecai Manuel Noah, and a third (possibly Charles King, identified here as "Charley") are portrayed as Biddle's accomplices in an unsuccessful attempt to crush the common men of New York. As Biddle (far right), Jack Downing, and a third man (with monocle) watch from the steps of the Bank as the three editors operate giant screw presses (a pun on "printing presses") which bear down upon crowds of working men, or "workies." The latter include carmen, sailors, masons, laborers, butchers, and others. Webb, standing on the press at right, tips his hat and exhorts his colleagues, "Major [Noah] and Charley let us give those workies a good screwing so as to fetch them to the Bank question, then I think that Mr Nick [i.e. Nicholas Biddle] will fee us well." "Major" Noah (far left) falls as his press is tipped by the men beneath it. He calls out, "Oh Master Nick, I rather think these workies will not stand my screwing them." Comments from below are: "Aristocracy and U.S. Bank power is heavy stuff." "Major I think you are rather a green hand to apply the screws." "Charles Major & Co., you may screw and screw untill Nick doubles your wages then we will not submit to an Aristocracy Bank!" In the center "Charley" works at turning his press, saying "Major & Co. I wish you would think on your friend and divide the spoils." From below: "If those silk stockings and ruffle shirt gentry gain the day, we workies will never vote again!" "I'll be darned if the General [i.e. Andrew Jackson] gave Nick such a patent right to screw us poor workies so!" "No I rather think he forged such a patent as this is." "I think the General is an honester man, he would rather put his veto on it." Beneath Webb's press the men protest: "You may screw Colonel [Webb] until you screw the cholera morbus out of you, then I will not bow down to a golden calf." "I will submit to any thing but a golden calf!" One man calls out to Biddle, "Split my tarry top lifts Old Nick I think you had better be reefing the fore top sail than standing on the quarterdeck giving the word put the screws on those poor workies!!" Biddle is in fact urging his minions, "That's you my cousins give them the screws and I will remember you!" Jack Downing observes, "I'll be darned Mr. Nick with all our fleet and Rank and file men, I rather think thhat them ere workies will rule the day arter all for see the Major is going down!" The man with the monocle declares, "Oh! you workies If you fail in the next election you shall never vote again!"|New York. Published by Anthony Imbert 104 Broadway.|Title appears as it is written on the item.|Weitenkampf, p. 36-37.|Forms part of: American cartoon print filing series (Library of Congress)|Published in: American political prints, 1766-1876 / Bernard F. Reilly. Boston : G.K. Hall, 1991, entry 1834-5.

Poster showing a panoramic view of a busy shipyard. Issued by Publications Section, Emergency Fleet Corporation, Philadelphia, Pa. Title from item.

Poster showing a panoramic view of a busy shipyard. Inscribed by artist: To Library of Congress, Washington, D.C., Jonas Lie 1918. Title from item.

EPBE Project Open Educational Resources.
A repository of open educational resources generated throughout the European Personal Branding for Employment Project, such us documents, presentations, videos, podcast and assessments for everyone who needs open educational resources on personal branding and job hunting 4.0.

The European Personal Branding for Employment (EPBE) project main aim was to encourage employment among young students through the acquisition of digital skills using innovative and learner-centred pedagogical approaches and enhancing digital integration in learning, teaching, training and youth work at various levels: promoting access to and learning through Open Educational Resources (OER) in order to build up an on-line personal brand and using effectively job hunting 4.0 techniques.

This course explores the evolution of poverty and economic security in the United States, within a global context. It examines the impact of recent economic restructuring and globalization, and reviews the current debate about the fate of the middle class, sources of increasing inequality, and approaches to advancing economic opportunity and security. In this class, students will study the topic of poverty and economic security through the lens of the lived experience of Americans: individuals, families, and households; exploring the history, geography, and forces shaping the likelihood of being poor in America.

This course explores the evolution of poverty and economic security in the United States, within a global context. It examines the impact of recent economic restructuring and globalization, and reviews the current debate about the fate of the middle class, sources of increasing inequality, and approaches to advancing economic opportunity and security. In this class, students will study the topic of poverty and economic security through the lens of the lived experience of Americans: individuals, families, and households; exploring the history, geography, and forces shaping the likelihood of being poor in America.

This course provides an overview of the following macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed, as are public debt and international economic issues. This course also introduces basic models of macroeconomics and illustrates principles with the experience of the United States and other economies.

U.S. Army recruiting poster showing two soldiers on horseback, carrying an American flag and the flag of the Army.

Psychology is designed to meet scope and sequence requirements for the single-semester introduction to psychology course. The book offers a comprehensive treatment of core concepts, grounded in both classic studies and current and emerging research. The text also includes coverage of the DSM-5 in examinations of psychological disorders. Psychology incorporates discussions that reflect the diversity within the discipline, as well as the diversity of cultures and communities across the globe.Senior Contributing AuthorsRose M. Spielman, Formerly of Quinnipiac UniversityContributing AuthorsKathryn Dumper, Bainbridge State CollegeWilliam Jenkins, Mercer UniversityArlene Lacombe, Saint Joseph's UniversityMarilyn Lovett, Livingstone CollegeMarion Perlmutter, University of Michigan

By the end of this section, you will be able to:Explain the aspects of employee selectionDescribe the kinds of job trainingDescribe the approaches to and issues surrounding performance assessment