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MIT Free Online Course on Microeconomics

Massachusetts Institute of Technology is offering free online course on Microeconomics. In this course, University will introduce you to microeconomic theory, together with some empirical results and policy implications.

In this 12-week course you will use economic models to learn how prices and markets benefit society in the face of scarcity, and then apply those models to analyze policy. The course will start on June 5, 2017.

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Course At A Glance

Length: 12 weeks
Effort: 8-12 hours/week
Subject: Economics & Finance
Institution: Massachusetts Institute of Technology and edX
Languages: English
Price: Free
Certificate Available: Yes. Verified Certificate for $49
Session: Course Starts on June 5, 2017

Providers’ Details

Massachusetts Institute of Technology — a coeducational, privately endowed research university founded in 1861 — is dedicated to advancing knowledge and educating students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

About This Course

What is produced in an economy? How is it produced? Who gets the product? Microeconomics seeks to answer these fundamental questions about markets.

In this course, University will introduce you to microeconomic theory, together with some empirical results and policy implications. You’ll analyze mathematical models that describe the real-world behavior of consumers and firms, and you’ll see how prices make the world go ‘round.

You’ll join the ranks of business executives, policymakers, entrepreneurs, and global leaders who rely on the insights they derive from a working knowledge of microeconomics. Nobel memorial prize-winner Paul Samuelson invented the modern microeconomics curriculum at MIT. Now is your chance to learn the field from the intellectual tradition he began.

Learning Outcomes

  • Fundamentals of microeconomics
  • Consumer theory and producer theory
  • Techniques for constrained optimization
  • Policy applications and empirical results

Requirements

Elementary calculus, such as the following MITx courses:
Calculus 1A: Differentiation
Calculus 1B: Integration
Calculus 1C: Coordinate Systems & Infinite Series

Instructors

Jonathan Gruber

Dr. Jonathan Gruber is the Ford Professor of Economics at the Massachusetts Institute of Technology, where he has taught since 1992.

Course Syllabus

Part I: Consumer Theory
Week 1: Introduction
Week 2: Supply and Demand
Week 3: Consumer Choice
Week 4: Applying Consumer Theory

Part II: Producer Theory
Week 5: Firms and Production; Costs
Week 6: Competitive Firms and Markets
Week 7: Applying the Competitive Model; Monopoly
Week 8: Oligopoly and Monopolistic Competition

Part III: Topics

How To Join This Course

  • Go to the course website link
  • Create an edX account to SignUp
  • Choose “Register Now” to get started.
  • edX offers honor code certificates of achievement, verified certificates of achievement, and XSeries certificates of achievement. Currently, verified certificates are only available in some courses.
  • Once you sign up for a course and activate your account, click on the Log In button on the edx.org homepage and type in your email address and edX password. This will take you to your dashboard, with access to each of your active courses. (Before a course begins, it will be listed on your dashboard but will not yet have a “view course” option.)

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