Principles of Microeconomics now available in MIT OpenCourseWare’s innovative OCW Scholar format
14.01SC is the third of seven courses OCW will publish this spring specifically to meet the needs of independent learners.
CAMBRIDGE, MA, February 22, 2012 — MIT OpenCourseWare has released a new version of Principles of Microeconomics in the innovative OCW Scholar format designed for independent learners. Created under the direction of Professor Jonathan Gruber, 14.01SC Principles of Microeconomics uses conceptual, mathematical, and graphical approaches to microeconomic principles presented through lecture videos, recitation materials and interactive concept quizzes. Microeconomics addresses topics including supply and demand, utility, and pricing.
Professor Gruber has taught at MIT since 1992. In 1997 and 1998, Dr. Gruber served as Deputy Assistant Secretary for Economic Policy at the Treasury Department. He was a key architect of Massachusetts’ ambitious health reform effort, and in 2006 became an inaugural member of the Health Connector Board, the main implementing body for that effort. During the 2008 election cycle, he was a consultant to the Clinton, Edwards and Obama Presidential campaigns and was called by the Washington Post, “possibly the [Democratic] party’s most influential health-care expert.”
“The fundamentals of microeconomics are critical to understanding many of today’s most pressing issues,” said Professor Gruber. “I hope this resource will allow many thousands of independent learners to understand economic forces more clearly.”
OCW Scholar courses represent a new approach to OCW publication. MIT faculty, staff and students work closely with the OCW team to structure the course materials for independent learners. These courses offer more materials than typical OCW courses and include new custom-created content. To supplement the traditional text that is used in the MIT class, 14.01SC is also the first OCW Scholar course to be published is association with an openly available textbook, Principles of Microeconomics by Libby Rittenberg, and Timothy Tregarthen, published by Flat World Knowledge.
The first five of a planned twenty OCW Scholar courses were launched by MIT OpenCourseWare in January 2011, and have collectively received more than 800,000 visits in less than a year. The initial OCW Scholar courses included Classical Mechanics, Electricity and Magnetism, Solid State Chemistry, Single Variable Calculus, and Multivariable Calculus.
Linear Algebra and Differential Equations were published earlier this year, and Principles of Microeconomics is the third of seven OCW Scholar courses that will be published in 2012. Other upcoming OCW Scholar courses include Introduction to Psychology, Fundamentals of Biology, Introduction to Electrical Engineering and Computer Science I, and Introduction to Computer Science and Programming. OCW Scholar courses are published on the OCW site with the support of the Stanton Foundation.
About MIT OpenCourseWare
MIT OpenCourseWare makes the materials used in teaching most of MIT’s undergraduate and graduate courses—more than 2,100 in all—available on the Web, free of charge, to any user in the world. OCW receives an average of 1.75 million web site visits per month from more than 215 countries and territories worldwide. To date, more than 125 million individuals have accessed OCW materials. MIT OpenCourseWare is supported by donations from site visitors, grants and corporate sponsorship, including underwriting from our Next Decade Alliance sponsors Dow Chemical, Lockheed Martin and MathWorks.
About the Jonathan Gurber
Dr. Jonathan Gruber is a Professor of Economics at the Massachusetts Institute of Technology and the Director of the Health Care Program at the National Bureau of Economic Research. He is a co-editor of the Journal of Public Economics, and an Associate Editor of the Journal of Health Economics.
Dr. Gruber received his B.S. in Economics from MIT, and his Ph.D. in Economics from Harvard. He has received an Alfred P. Sloan Foundation Research Fellowship, a FIRST award from the National Institute on Aging, and the Kenneth Arrow Award for the Best Paper in Health Economics in 1994. He was also one of 15 scientists nationwide to receive the Presidential Faculty Fellow Award from the National Science Foundation in 1995. Dr. Gruber was elected to the Institute of Medicine in 2005, and in 2006 he received the American Society of Health Economists Inaugural Medal for the best health economist in the nation aged 40 and under. Dr. Gruber’s research focuses on the areas of public finance and health economics. He has published more than 125 research articles, has edited six research volumes, and is the author of Public Finance and Public Policy, a leading undergraduate text.
During the 1997–1998 academic year, Dr. Gruber was on leave as Deputy Assistant Secretary for Economic Policy at the Treasury Department. He was a key architect of Massachusetts’ ambitious health reform effort, and in 2006 became an inaugural member of the Health Connector Board, the main implementing body for that effort. In that year, he was named the 19th most powerful person in health care in the United States by the magazine Modern Healthcare. During the 2008 election cycle, he was a consultant to the Clinton, Edwards and Obama Presidential campaigns and was called by the Washington Post, “possibly the [Democratic] party’s most influential health-care expert.”
About the Stanton Foundation
The Stanton Foundation was created by Frank Stanton, who is widely regarded as one of the greatest executives in the history of electronic communications. During his 25 years as president of CBS, he turned a lesser-known radio network into a broadcasting powerhouse. Stanton made many historic contributions to the industry and to the society it served. In 1960, he initiated the first televised presidential debates—the famous Nixon-Kennedy “Great Debates”—which required a special Act of Congress before they could proceed. He also spearheaded the creation of the first coast-to-coast broadcasting system, allowing CBS to become the first network to present a news event live across the continental United States, a speech by President Truman at the opening of the Japanese Peace Conference in San Francisco. Frank Stanton was the commencement speaker at MIT in 1961.
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