Principles of Microeconomics

As taught in: Fall 2007

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.)

Instructors:

Chia-Hui Chen

Hongliang Zhang
(Teaching Assistant)

Marco Migueis
(Teaching Assistant)

Monica Martinez-Bravo
(Teaching Assistant)

Peter Schnabl
(Teaching Assistant)

Rongzhu Ke
(Teaching Assistant)

Prof. William Wheaton

MIT Course Number:

14.01

Level:

Undergraduate

Course Features

Lecture notes
Assignments (no solutions)
Exams and solutions

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.