Principles of Microeconomics

3-0-9 units. HASS-S · Undergraduate

Introduces microeconomic concepts and analysis, supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, and welfare economics. Applications to problems of current economic policy.

Fall 2023 · Principles of Microeconomics

This introductory undergraduate course covers the fundamentals of microeconomics. Topics include supply and demand, market equilibrium, consumer theory, production and the behavior of firms, monopoly, oligopoly, welfare economics, public goods, and externalities.

Readings

There is no formal textbook for the course, but students can access Prof. Gruber’s free online introductory microeconomics class from MITx Online. This is a simpler version of the same material. This open online course is available for free, but students must sign up to enroll. ↗
Listed reading
If students are interested in further reading, the following book is recommended: Perloff, Jeffrey M. Microeconomics, 7th Edition. Addison-Wesley, 2012. ISBN: 9780321160737.
Listed reading

Prerequisites & course information

Prereq: None U (Fall, Spring) 3-0-9 units. HASS-S

Sources

Course catalogue ↗2026–2027
MIT OpenCourseWare ↗Fall 2023
MIT OCW syllabus ↗
MIT OCW calendar ↗
Historical MIT OpenCourseWare offering. Named reading entries and schedule topics are automatically extracted from the linked source pages.