Massachusetts Institute of Technology Online Course on Microeconomics
Use economic models to learn how prices and markets benefit society in the face of scarcity, and then apply those models to analyze policy.
Length: 12 weeks
Effort: 8-12 hours per week
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About this course
What is produced in an economy? How is it produced? Who gets the product? Microeconomics seeks to answer these fundamental questions about markets.
In this course, we’ll introduce you to microeconomic theory, together with some empirical results and policy implications. You’ll analyze mathematical models that describe the real-world behavior of consumers and firms, and you’ll see how prices make the world go ‘round.
You’ll join the ranks of business executives, policymakers, entrepreneurs, and global leaders who rely on the insights they derive from a working knowledge of microeconomics. Nobel memorial prize-winner Paul Samuelson invented the modern microeconomics curriculum at MIT. Now is your chance to learn the field from the intellectual tradition he began.
- Consumer theory
- Supply and demand
- Market equilibrium
- Producer theory
- Capital markets
- Welfare economics
- Public goods
What you'll learn
- Fundamentals of microeconomics
- Consumer theory and producer theory
- Techniques for constrained optimization
- Policy applications and empirical results