Principles of Microeconomics

A supply curve (increasing line) and a demand curve (decreasing line) intersect at the market price. The x-axis is quantity and the y-axis is price.

Supply and demand curves intersect at the market price. (Image by MIT OpenCourseWare.)


MIT Course Number


As Taught In

Fall 2007



Cite This Course

Course Features

Course Description

This introductory course teaches the fundamentals of microeconomics. Topics include consumer theory, producer theory, the behavior of firms, market equilibrium, monopoly, and the role of the government in the economy. 14.01 is a Humanities, Arts, and Social Sciences (HASS) elective and is offered both terms.

This course is a core subject in MIT's undergraduate Energy Studies Minor. This Institute-wide program complements the deep expertise obtained in any major with a broad understanding of the interlinked realms of science, technology, and social sciences as they relate to energy and associated environmental challenges.

Chia-Hui Chen, Hongliang Zhang, Marco Migueis, Monica Martinez-Bravo, Peter Schnabl, Rongzhu Ke, and William Wheaton. 14.01 Principles of Microeconomics, Fall 2007. (Massachusetts Institute of Technology: MIT OpenCourseWare), (Accessed). License: Creative Commons BY-NC-SA

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