About the content
This course is part of the MITx MicroMasters program in Data, Economics, and Development Policy (DEDP). To enroll in the MicroMasters track or to learn more about this program and how it integrates with MIT’s Master’s Program in DEDP, please visit the MicroMasters portal.
The DEDP MicroMasters is part of edX’s free Online Campus program. Participating university affiliates can take DEDP MicroMasters courses free if you register before June 30th. If you are from a university participating in this edX opportunity,click here to redeem your coupon.
The DEDP MicroMasters is also part of the Workforce Recovery Acceleration Program. To apply for this program please click here.
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
Our course previews are meant to give prospective learners the opportunity to get a taste of the content and exercises that will be covered in each course. If you are new to these subjects, or eager to refresh your memory, each course preview also includes some available resources. These resources may also be useful to refer to over the course of the semester.
A score of 60% or above in the course previews indicates that you are ready to take the course, while a score below 60% indicates that you should further review the concepts covered before beginning the course.
Please use the this link to access the course preview
- microeconomic concepts and analysis
- supply and demand analysis
- theories of the firm and individual behavior, competition and monopoly, and welfare economics.
14.100x - Microeconomics
Week One: Introduction & Supply and Demand
Week Two: Consumer Choice
Week Three: Applying Consumer Theory
Week Four: Firms and Production; Costs
Week Five: Competitive Firms and Markets
Week Six: Applying the Competitive Model; Monopoly
Week Seven: Oligopoly and Monopolistic Competition
Week Eight: International Trade; Uncertainty
Week Nine: Capital Markets
Week Ten: Equity
Week Eleven: Behavioral Economics; Health Economics
Ford Professor of Economics
MIT is a world-class educational institution where teaching and research — with relevance to the practical world as a guiding principle — continue to be its primary purpose.
MIT is independent, coeducational, and privately endowed. Its five schools and one college encompass numerous academic departments, divisions and degree-granting programs, as well as interdisciplinary centers, laboratories and programs whose work cuts across traditional departmental boundaries.
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with EdX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.