14.01 | Fall 2018 | Undergraduate

Principles of Microeconomics

Course Description

This introductory undergraduate course covers the fundamentals of microeconomics. Topics include supply and demand, market equilibrium, consumer theory, production and the behavior of firms, monopoly, oligopoly, welfare economics, public goods, and externalities. 

Chalk Radio Podcast

Prof. Jonathan Gruber was featured …

This introductory undergraduate course covers the fundamentals of microeconomics. Topics include supply and demand, market equilibrium, consumer theory, production and the behavior of firms, monopoly, oligopoly, welfare economics, public goods, and externalities. 

Chalk Radio Podcast

Prof. Jonathan Gruber was featured in an episode of OpenCourseWare’s podcast, Chalk Radio. In the episode “Thinking Like an Economist,” Prof. Gruber talks about how he engages students in 14.01 with accessible real world examples. Listen to the episode on Apple Podcasts.

MITx Online Version

This course is part of the Micromaster’s Program in Data, Economics, and Design of Policy through MITx Online. The course is entirely free to audit, though learners have the option to pay a fee, which is based on the learner’s ability to pay, to take the proctored exam, and earn a course certificate. To access the course, create an MITx Online account and enroll in the course 14.100x Microeconomics.

Course Info

Learning Resource Types
Lecture Videos
Problem Sets with Solutions
Exams with Solutions
Lecture Notes
Instructor Insights
A photo of a gas station with the price of gas displayed. A pickup truck hauling an ATV is in the background.
The price of commodities, such as gasoline, fluctuates due to supply and demand, a key concept in microeconomics.  (Image by Don Sniegowski on flickr. License: CC BY-NC-SA).