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Explore how individuals and firms make decisions over time in this 49-minute lecture from MIT's Principles of Microeconomics course (Fall 2023), taught by Prof. Jonathan Gruber. Delve into key economic concepts including present value calculations, the effects of inflation on decision-making, and investment strategies for firms. Learn the fundamental frameworks that guide temporal choice in economics and understand how these principles apply to both personal financial decisions and business capital investments. Part of MIT OpenCourseWare's complete microeconomics curriculum available online under Creative Commons licensing.
