Microeconomics I OpenCourseWare: A Free Online Undergraduate Microeconomics Course by MIT

Published Feb 18, 2009

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'Principles of Microeconomics' is an undergraduate course in MIT's Economics Department about the way micro-level decision-makers, like consumers and firms, allocate resources. It is a required course for students earning a Bachelor of Science degree in Economics and is now available free through MIT's OpenCourseWare program.

Principles of Microeconomics: Course Specifics

Degree Level Free Audio Video Downloads
Undergraduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
Yes Yes Yes

Principles of Microeconomics: Course Description

Microeconomics, along with macroeconomics, is one of two major fields of economics study. 'Principles of Microeconomics ' outlined how consumers and companies make economic decisions and how micro-level decisions affect the aggregate economic picture. For example, students in this class used mathematical models to explore the way prices are set and consumption decisions are made. They also learned how different types of markets (monopolistic vs. competitive, product vs. factor, etc.) function. Students in this undergraduate Economics course also studied formulas and models for conducting basic economic predictions. 'Principles of Microeconomics ' was a lecture course initially taught by Chia-Hui Chen and Professor William Wheaton and assisted by graduate students Rongzhu Ke, Monica Martinez-Bravo, Marco Migueis, Peter Schnabl and Hongliang Zhang through the Department of Economics at MIT.

'Principles of Microeconomics ' OpenCourseWare includes a reading list, lecture notes, problem sets and exams with solutions. For more information about this branch of economics, consult 'separate sectors of economic activity (consumers, firms or prices)' course page.

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