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Created by:

Massachusetts Institute of Technology

Last updated:

December 9, 2022

Duration:

Unlimited Duration

FREE

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This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

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.

Course Curriculum

Introduction and Supply & Demand Unlimited
Preference and Utility Functions Unlimited
Budget Constraints and Constrained Choice Unlimited
Demand Curves and Income/Substitution Effects Unlimited
Production Theory Unlimited
Costs Unlimited
Competition I Unlimited
Competition II Unlimited
Supply and Demand & Consumer/Producer Surplus Unlimited
Welfare Economics Unlimited
Monopoly I Unlimited
Monopoly II Unlimited
Oligopoly Unlimited
Oligopoly II Unlimited
Input Markets I—Labor Market Unlimited
Input Markets II—Labor and Capital Unlimited
International Trade: Welfare and Policy Unlimited
Uncertainty Unlimited
Efficiency and Equity Unlimited
Government Redistribution and Taxation Unlimited
Market Failures I: Externalities Unlimited
Market Failures II: Informational Asymmetry Unlimited
Health Economics Unlimited

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Massachusetts Institute of Technology