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  • Exam #1 Review for Intermediate Microeconomic Theory

    MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
    Instructor: Prof. Robert Townsend

    Uploaded 31-08-22

    View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/
    YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2OOOKqF

    Prof. Townsend reviews the content from the first seven sessions to help students prepare for the first exam.

    License: Creative Commons BY-NC-SA
    More information at https://ocw.mit.edu/terms
    More courses at https://ocw.mit.edu
    Support OCW at http://ow.ly/a1If50zVRlQ

    We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.



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    54 min
  • Lecture 4: Temperature, Pressure, Chemical Potentials; the Clausius Statement of the Second Law

    MIT 2.43 Advanced Thermodynamics, Spring 2024
    Instructor: Gian Paolo Beretta

    Uploaded 05-12-24

    View the complete course: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/
    Complete course table of contents with hyperlinks to slides and video timestamps: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_toc_slides_pdf/
    Complete course analytical index with hyperlinks to slides and video timestamps: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_index_slides_pdf/
    YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP6309d0oJDiVo1CvxUQXJ2il

    This lecture covers: Necessary conditions for mutual equilibrium: temperature equality, pressure equality, chemical potential equality, Young-Laplace relation between pressures, surface tension and curvature. Proof of Clausius statement of the second law. Clausius inequality.

    Instructor suggests to set viewing speed at 1.5 for faster learning.

    Slides for this lecture: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_lec04_pdf/

    Key moments:

    00:00:00 - Introduction
    00:00:25 - Review: Energy vs Entropy Diagrams
    00:01:52 - Representation of Adiabatic Availability
    00:03:22 - Representation of States of a Thermal Reservoir
    00:04:04 - Representation of Available Energy
    00:13:22 - A System in a Stable Equilibrium State Cannot...
    00:16:49 - Consequences of the Maximum Entropy Principle
    00:17:22 - Temperature and Pressure Equality at ME
    00:33:44 - Temperature and Potential Equality at ME
    00:36:52 - Concavity of the Fundamental Relation
    00:38:20 - Surface Tension and Young-Laplace Equation
    00:55:07 - Principal Radii of Curvature
    00:57:29 - Area-to-Volume Change upon Surface Displacement
    01:03:17 - Nonwork Interactions
    01:03:35 - Proof of Clausius Statement of the Second Law
    01:27:57 - Graphical Proof of Clausius Inequality
    01:28:57 - Clausius Inequality Valid for Finite Transfers

    License: Creative Commons BY-NC-SA
    More information at https://ocw.mit.edu/terms
    More courses at https://ocw.mit.edu
    Support OCW at http://ow.ly/a1If50zVRlQ

    We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.



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    1 hr 41 min
  • Lecture 14: Real and Financial Flows: Thailand

    MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
    Instructor: Prof. Robert Townsend

    Uploaded 31-08-22

    View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/
    YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2OOOKqF

    Villages and towns are like small open economies within a nation, yet the SMEs within them are heterogeneous in wealth and productivity. They are also typically constrained. Thus, opening the economy up to increased trade and to capital flows can produce surprisingly large welfare gains and losses, even for those living within the very same village.

    License: Creative Commons BY-NC-SA
    More information at https://ocw.mit.edu/terms
    More courses at https://ocw.mit.edu
    Support OCW at http://ow.ly/a1If50zVRlQ

    We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.



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    1 hr 7 min
  • Lecture 8: Few versus Many Particles: The Euler Relation; Review of Various Forms of Exergy (Part I)

    MIT 2.43 Advanced Thermodynamics, Spring 2024
    Instructor: Gian Paolo Beretta

    Uploaded 05-12-24

    View the complete course: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/
    Complete course table of contents with hyperlinks to slides and video timestamps: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_toc_slides_pdf/
    Complete course analytical index with hyperlinks to slides and video timestamps: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_index_slides_pdf/
    YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP6309d0oJDiVo1CvxUQXJ2il

    This lecture covers: Wall rarefaction effects for few-particle systems. The ‘simple system’ approximation for many-particle systems. Euler and Gibbs-Duhem relations. Bulk flow interactions. Review of various forms of exergy. First-law and second-law efficiencies.

    Instructor suggests to set viewing speed at 1.5 for faster learning.

    Slides for this lecture: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_lec08_pdf/

    Key moments:

    00:00:00 - Introduction
    00:00:25 - Review: Stability and LeChatelier-Braun Principle
    00:05:38 - Introducing the “Simple-System Model”
    00:06:09 - Microscopic and Mesoscopic versus Macroscopic
    00:10:57 - Rarefaction Effects Near Walls at Equilibrium
    00:13:21 - Large versus Small Systems
    00:14:32 - Macroscipic Limit; Many-Particle Limit
    00:26:58 - Effect of Inserting and Removing Partitions
    00:33:57 - Simple-System Model: Limiting Assumption
    00:37:17 - Simple-System Model: Proof of the Euler Relation
    00:39:02 - Main Consequence of the Euler Relation
    00:47:30 - Bulk-Flow Local-Equilibrium State Model
    00:53:09 - Bulk Flow Interactions
    00:56:36 - Pulsion Work (and How Enthalpy Gets In)
    01:02:21 - System Open to Bulk Flow, Heat, and Work
    01:05:04 - Mass, Energy and Entropy Balances for Open Systems
    01:06:38 - Exergies and First and Second-Law Efficiencies
    01:07:00 - Exergy Balance for an Open System
    01:15:33 - Review: First-Law vs Second-Law Efficiencies
    01:19:49 - First-Law Efficiency or COP (Definition)
    01:20:17 - Second-Law Efficiency (Definition)
    01:23:16 - Exergy (Generic Definition of the Concept)
    01:25:56 - Exergy Associated with Heat Exchange
    01:27:14 - Exergy and Second-Law Efficiency in Cogeneration


    License: Creative Commons BY-NC-SA
    More information at https://ocw.mit.edu/terms
    More courses at https://ocw.mit.edu
    Support OCW at http://ow.ly/a1If50zVRlQ

    We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.



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    1 hr 43 min
  • Lecture 21: Bubbles

    MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
    Instructor: Prof. Robert Townsend

    Uploaded 31-08-22

    View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/
    YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2OOOKqF

    What, if ever, is the role for bubbles? What to make of the recent experience in crypto currencies? Is central bank issued fiat money just a bubble? Can privately issued digital assets play a role as media of exchange? Can fiat money disappear?

    License: Creative Commons BY-NC-SA
    More information at https://ocw.mit.edu/terms
    More courses at https://ocw.mit.edu
    Support OCW at http://ow.ly/a1If50zVRlQ

    We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.



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    1 hr 13 min
  • Lecture 10: Review of Various Forms of Exergy (Part II); Allocation of Consumptions in Cogeneration

    MIT 2.43 Advanced Thermodynamics, Spring 2024
    Instructor: Gian Paolo Beretta

    Uploaded 05-12-24

    View the complete course: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/
    Complete course table of contents with hyperlinks to slides and video timestamps: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_toc_slides_pdf/
    Complete course analytical index with hyperlinks to slides and video timestamps: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_index_slides_pdf/
    YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP6309d0oJDiVo1CvxUQXJ2il

    This lecture covers: Various examples of exergies (second part). The problem of allocation of primary energy consumption and greenhouse gas emissions in cogeneration. The problem of determining the renewable fraction of power produced in hybrid fossil-renewable facilities.

    Instructor suggests to set viewing speed at 1.5 for faster learning.

    Slides for this lecture: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_lec10_pdf/

    Key moments:

    00:00:00 - Introduction
    00:00:45 - Exergies and Efficiencies in Energy Conversion
    00:00:56 - Exergy of Bulk Flow Interactions
    00:01:41 - Exergy in Heating and Cooling Bulk Flows
    00:07:20 - Exergy of an Hydraulic Jump
    00:17:53 - Log-Mean Temperature in Heating/Cooling a Flow
    00:22:22 - Minimum Exergy for Low Temperature Heating
    00:29:39 - Exergy Associated with a Fossil Fuel
    00:36:46 - Lower Heating Values of Some Fuels
    00:39:24 - The Learning Curve of Fuel-to-Power Conversion
    00:46:26 - Beyond Flame-Based Fuel-to-Power Conversion
    00:51:04 - Avoiding the Inherent Irreversibility of Flames
    00:53:30 - Allocation Issues in Combined Heat and Power (CHP)
    00:54:40 - How Much Fuel Is Consumed to Produce Heat in CHP?
    00:58:50 - Allocation Fractions and Primary Energy Savings
    01:05:42 - Incremental Electricity-Centered Allocation in CHP
    01:08:05 - Separate Production Reference Allocation in CHP
    01:10:21 - Choice of Reference Efficiencies
    01:17:00 - “Fair” Reference Values in a Given Local Area
    01:22:09 - Allocation Example in CHP: Methods Compared
    01:29:16 - Allocation Problem in Hybrid Facilities
    01:35:51 - Allocation Fractions and Primary Energy Savings
    01:38:28 - Incremental Fossil-Centered Allocation
    01:39:12 - Separate Production Reference Allocation
    01:39:29 - Choice of Reference Efficiencies

    License: Creative Commons BY-NC-SA
    More information at https://ocw.mit.edu/terms
    More courses at https://ocw.mit.edu
    Support OCW at http://ow.ly/a1If50zVRlQ

    We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.



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    1 hr 49 min
  • Lecture 16: Fundamental Welfare Theorems

    MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
    Instructor: Prof. Robert Townsend

    Uploaded 31-08-22

    View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/
    YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2OOOKqF

    An equilibrium with competitive markets implies a particular distribution of income, which some may not like. Nevertheless, there is a way to get to any Pareto efficient allocation if in addition to markets we allow lump sum transfers of wealth. Markets per se are not the problem.

    License: Creative Commons BY-NC-SA
    More information at https://ocw.mit.edu/terms
    More courses at https://ocw.mit.edu
    Support OCW at http://ow.ly/a1If50zVRlQ

    We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.



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    1 hr 10 min
  • Lecture 17: Liquid-Liquid Spinodal Decomposition; Introduction to Systems with Chemical Reactions

    MIT 2.43 Advanced Thermodynamics, Spring 2024
    Instructor: Gian Paolo Beretta

    Uploaded 05-12-24

    View the complete course: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/
    Complete course table of contents with hyperlinks to slides and video timestamps: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_toc_slides_pdf/
    Complete course analytical index with hyperlinks to slides and video timestamps: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_index_slides_pdf/
    YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP6309d0oJDiVo1CvxUQXJ2il

    This lecture covers: Henry law. Lennard-Jones binary mixture model. Stability and miscibility gap. Liquid-liquid spinodal decomposition. Energy and entropy balances for open and closed systems with chemical reactions. Bond strength versus van der Waals force.

    Instructor suggests to set viewing speed at 1.5 for faster learning.

    Slides for this lecture: https://ocw.mit.edu/courses/2-43-advanced-thermodynamics-spring-2024/resources/mit2_43_s24_lec17_pdf/

    Key moments:

    00:00:00 - Introduction
    00:00:23 - Liquid-Vapor Equilibria for Non-Ideal Mixtures
    00:05:01 - Henry's Law for Dilute Non-Ideal Solutions
    00:16:53 - Careful in Taking Derivatives!
    00:27:25 - Stability Conditions for a Binary Mixtures
    00:34:52 - Non-Ideal Mixture Behavior: Complete Miscibility
    00:36:45 - Non-Ideal Mixture Behavior: Partial Miscibility
    00:38:21 - Spinodal Decomposition
    00:42:11 - The “Ouzo Effect”
    00:54:06 - Introduction to Systems with Chemical Reactions
    00:54:27 - Energy and Entropy Balances with Chemical Reaction
    01:07:06 - Notation and Stoichiometry: Reaction Coordinates
    01:19:23 - Proportionality Relations; Properties of Reaction
    01:28:42 - Enthalpy of Formation Illustrated on a H-S Diagram
    01:34:52 - Van der Waals Forces versus Covalent Bonds

    License: Creative Commons BY-NC-SA
    More information at https://ocw.mit.edu/terms
    More courses at https://ocw.mit.edu
    Support OCW at http://ow.ly/a1If50zVRlQ

    We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.



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    1 hr 46 min
  • Lecture 14: Resonance and the S-Matrix

    MIT 8.04 Quantum Physics I, Spring 2013
    View the complete course: http://ocw.mit.edu/8-04S13
    Instructor: Allan Adams

    Uploaded 19-09-22

    In this lecture, Prof. Adams discusses the resonance structure of a potential barrier/well. He begins with the case of simple plane waves and then moves on to the case of wavepackets.

    License: Creative Commons BY-NC-SA
    More information at http://ocw.mit.edu/terms
    More courses at http://ocw.mit.edu



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    1 hr 31 min
  • Jerry from Uganda: An Open Learner's Story

    They say every crisis also presents an opportunity. Open learner Jerry Vance Anguzu seized one such opportunity in the midst of the Covid-19 pandemic, when his native country of Uganda went into lockdown. Jerry was stuck at home, unable to earn a living, but that enforced inactivity gave him the chance to pursue new directions in his education. A few years earlier, he had discovered MIT OpenCourseWare and had seen what it had to offer; now he returned to MIT Open Learning resources in earnest, plowing through courses in data science and computer programming; soon thereafter he was accepted into the MIT Emerging Talent certificate, where he began to develop an interest in entrepreneurship. Now, just a few years later, Jerry has his own startup, Everpesa Technologies, a financial services platform that offers sustainable investment opportunities and financial literacy resources to people in sub-Saharan Africa. Along the way, he has become a self-described “OCW ambassador,” enthusiastically spreading the word to relatives and colleagues about the learning resources that are available online through MIT OpenCourseWare. “You don’t need to pay anything,” Jerry tells them. “You just need to have a bit of time.”

    Uploaded 04-12-24

    The Open Learners podcast is produced by Alexis Haut and hosted by Emmanuel Kasigazi and Michael Jordan Pilgreen.

    Relevant Resources:
    MIT OpenCourseWare (https://ocw.mit.edu/)
    The OCW Educator portal (https://ocw.mit.edu/educator)
    MIT Emerging Talent program (https://emergingtalent.mit.edu/)
    MIT Jameel World Education Lab (https://www.jwel.mit.edu/)
    MIT MicroMasters Program in Statistics and Data Science (https://micromasters.mit.edu/ds/)
    Everpesa website (https://everpesa.com/)
    6.0001 Introduction to Computer Science and Programming in Python on MIT OpenCourseWare (https://ocw.mit.edu/courses/6-0001-introduction-to-computer-science-and-programming-in-python-fall-2016/)
    Music in this episode by Blue Dot Sessions (https://www.sessions.blue/)

    Share Your Open Learning Story
    To share your own open learning story with Michael and Emmanuel, send them an email at [email protected].

    Connect with Us
    If you have a suggestion for a new episode or have used OCW to change your life or those of others, tell us your story. We’d love to hear from you!
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    Credits
    Sarah Hansen, host and producer (https://www.linkedin.com/in/sarah-e-hansen/)
    Brett Paci, producer (https://twitter.com/Brett_Paci)
    Dave Lishansky, producer (https://twitter.com/DaveResonates)
    Show notes by Peter Chipman



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    31 min

About MIT OpenCourseWare: Free Courses from the institute

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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…