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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

##### Instructor

- Prof. Jonathan Gruber

##### Departments

- Economics

##### Topics

- Social Science
  - Economics
    - Microeconomics

##### Learning Resource Types

theaters Lecture Videos
assignment_turned_in Problem Sets with Solutions
grading Exams with Solutions
notes Lecture Notes
co_present Instructor Insights
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).

Browse Resources

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