A photograph of a home with a for sale sign in front of it.

A home that is for sale. The housing bubble is discussed in session 6. (Image courtesy of the California Department of Real Estate.)


MIT Course Number


As Taught In

Fall 2010



Cite This Course

Course Features

Course Description

Microeconomics will ground you in - surprise - basic microeconomics-how markets function, how to think about allocating scarce resources among competing uses, what profit maximizing behavior means in industries with different numbers of competitors, how technology and trade reshapes the opportunities people face, and so on. We will apply economic ideas to understand current economic problems, including the housing bubble, the current unemployment situation (particularly for high school gradutes), how Google makes its money and why healthcare costs are rising so fast.

Frank Levy. 11.203 Microeconomics, Fall 2010. (Massachusetts Institute of Technology: MIT OpenCourseWare), http://ocw.mit.edu (Accessed). License: Creative Commons BY-NC-SA

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