MIT
Edx
date_range Starts on May 21, 2019
event_note End date August 7, 2019
list 11 sequences
assignment Level : Intermediate
chat_bubble_outline Language : English
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Key informations

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timer 132 hours in total

About the content

This course is part of the new 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 new blended Master’s degree, please visit the MicroMasters portal

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.

Topics include:

  • Consumer theory
  • Supply and demand
  • Market equilibrium
  • Producer theory
  • Monopoly
  • Oligopoly
  • Capital markets
  • Welfare economics
  • Public goods
  • Externalities

Course Previews:

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.
  • Familiarity with high school calculus
  • Basic understanding of statistics or econometrics
  • Familiarity with introductory microeconomics

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Prerequisite

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Syllabus

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
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Intructors

Jonathan Gruber
Ford Professor of Economics
MIT

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Content designer

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.

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