A free and open online publication of educational material from thousands of MIT courses, covering the entire MIT curriculum, ranging from introductory to the most advanced graduate courses. On the OCW website, each course includes a syllabus, instructional material like notes and reading lists, and learning activities like assignments and solutions. Some courses also have videos, online textbooks, and faculty insights on teaching. A free and open online publication of educational material from thousands of MIT courses, covering the entire MIT curriculum, ranging from introductory to the most advanced graduate courses. On the OCW website, each course includes a syllabus, instructional material like notes and reading lists, and learning activities like assignments and solutions. Some courses also have videos, online textbooks, and faculty insights on teaching. ocw.mit.eduand 5 more links
Prof. Jonathan Gruber, our guest for this episode, likes to tell his students that economics is a fundamentally right-wing science. What he means by that is that classical economics is built on one powerful explanatory insight: that free markets—networks of buyers and sellers, producers and consumers, weighing the trade-offs of different options and making self-interested choices based on supply and demand—do a better job of deciding how to allocate resources than can be achieved by a top-down, command-economy approach. But as Gruber goes on to explain, that principle only holds when all participants have equal access to markets and to information; in the real world, imbalances in that access lead to market failures, inefficient allocations of resources that leave most people worse off than they would otherwise be. That’s why government regulation still has a role in a properly functioning economy. Tune in to hear Prof. Gruber explain why we need “capitalism with gutter guards” to ensure equitable outcomes, especially in sectors of the economy such as healthcare where the ideal markets envisioned by classical economics are particularly unattainable or undesirable.
Relevant Resources:
MIT OpenCourseWare (https://ocw.mit.edu/)
The OCW Educator portal (https://ocw.mit.edu/educator)
Prof. Gruber’s faculty page (https://economics.mit.edu/people/facu...)
14.01 Principles of Microeconomics on MIT OpenCourseWare (https://ocw.mit.edu/courses/14-01-pri...)
14.41 Public Finance and Public Policy on MIT OpenCourseWare (https://ocw.mit.edu/courses/14-41-pub...)
Power and Progress (book by Daron Acemoglu and Simon Johnson) (https://www.amazon.com/Power-Progress...)
Music in this episode by Blue Dot Sessions (https://www.sessions.blue/)
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Credits
Sarah Hansen, host and producer (https://www.linkedin.com/in/sarah-e-h...)
Brett Paci, producer (https://twitter.com/Brett_Paci)
Dave Lishansky, producer (https://twitter.com/DaveResonates)
Jackson Maher, producer
Show notes by Peter Chipman
Welcome to Chalk Radio, a podcast about inspired teaching at MIT.
Subscribe here → https://chalk-radio.simplecast.com/
In each episode of this new podcast, we meet the instructors behind one of MIT’s most interesting courses, from nuclear physics to film appreciation to piloting small aircraft. The instructors open up to us about the passions that drive their cutting-edge research and innovative teaching, sharing stories that are candid, funny, serious, personal, and full of insights. Listening in on these conversations is like being right here with us in person under the MIT dome, talking with your favorite professors.
Tune in for a new episode every other week, starting in February 2020!
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License: Creative Commons BY-NC-SA
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