Microeconomic Theory I

Three five-dollar bills on a green background.

Microeconomics focuses on patterns of supply and demand and the determination of price and output in individual markets. (Image by Darren Hester on Flickr.)


MIT Course Number


As Taught In

Fall 2009



Cite This Course

Course Features

Course Description

This half-semester course provides an introduction to microeconomic theory designed to meet the needs of students in the economics Ph.D. program. Some parts of the course are designed to teach material that all graduate students should know. Others are used to introduce methodologies. Topics include consumer and producer theory, markets and competition, general equilibrium, and tools of comparative statics and their application to price theory. Some topics of recent interest may also be covered.

Pathak, Parag. 14.121 Microeconomic Theory I, Fall 2009. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/economics/14-121-microeconomic-theory-i-fall-2009 (Accessed). License: Creative Commons BY-NC-SA

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