Prof. William Wheaton
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.
OCW Scholar courses are designed for self-paced study with no registration required. They are substantially more complete than typical OCW courses, blending new online content with material used in MIT classes.