MASSACHUSETTS INSTITUTE OF TECHNOLOGY · UNITED STATES
Principles of Microeconomics
Bachelor's · Taught in en
At a glance
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Duration
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IELTS
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Tuition / yr
en
Language
Bachelor's
Level
- Prof. Jonathan GruberInstructor
- Fall 2011As Taught In
- UndergraduateLevel
- EconomicsDepartment
- MicroeconomicsTopic
- Energy Studies MinorRelated Program
This introductory undergraduate course teaches the fundamentals of microeconomics, covering concepts, analysis, supply and demand, theories of the firm and individual behavior, competition, monopoly, and welfare economics. It also introduces the application of microeconomic principles to address current economic policy issues. This course is a core component of MIT’s undergraduate Energy Studies Minor, providing a broad understanding of energy-related science, technology, and social sciences. The course is designed for independent study and includes all necessary materials. Students will engage with lecture videos, readings from recommended textbooks (one of which is available online for free), quizzes to assess understanding, problem sets with solutions, and problem-solving videos. Additionally, a collection of links for further study and a full set of exams, including review materials and practice exams, are provided.
Curriculum
The course materials are designed for independent study and include lectures, readings, quizzes, problem sets, and exams.
- Fall 2011
Careers
This course provides foundational knowledge in microeconomics, which is applicable to a wide range of career paths in economics, policy, business, and research. Understanding microeconomic principles is crucial for analyzing market behavior, consumer choices, and firm strategies.
- Economist
- Policy Analyst
- Business Analyst
- Financial Analyst
- Researcher
Frequently asked questions
- What is the tuition fee for this course?
- MIT OpenCourseWare materials, including this course, are free to access. There are no tuition fees for this self-study course.
- How can I apply for this course?
- This course is available through MIT OpenCourseWare for self-study. Accessing the course materials does not require an application. For admission to MIT's degree programs, you must apply through the official MIT admissions portal.
- What is the language of instruction?
- The course materials are provided in English. While not explicitly stated for this OpenCourseWare offering, MIT's primary language of instruction for degree programs is English.
- What is the duration of the course?
- This is a self-study course, and the duration is flexible based on your own pace of study. It was last offered as "Fall 2011" but materials are available for ongoing access.
- What are the career outcomes for students taking this course?
- This course provides foundational knowledge in microeconomics applicable to careers as an Economist, Policy Analyst, Business Analyst, Financial Analyst, or Researcher.
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Fees
Tuition (international)MIT OpenCourseWare materials are free to access.
Tuition (home)MIT OpenCourseWare materials are free to access.
LivingNot applicable as this is a self-study course.
How to apply
1. Access Course MaterialsVisit the MIT OpenCourseWare website and navigate to the Principles of Microeconomics (14.01SC) course page. All course materials, including lecture videos, readings, problem sets, and exams, are available for download or online viewing.
2. Prepare for Degree Program Applications (if applicable)For admission to MIT's degree programs, interested students must apply online via the MIT Admissions website. The application period is typically from October 1st to December 1st. Ensure all required documents, including transcripts, letters of recommendation, and a statement of purpose, are prepared in advance.
Accreditation
This course is part of MIT OpenCourseWare, an initiative from MIT offering the materials from its undergraduate and graduate courses online, free of charge. It is not a degree-granting program.
Frequently asked questions
What is the tuition fee for this course?
+
MIT OpenCourseWare materials, including this course, are free to access. There are no tuition fees for this self-study course.
How can I apply for this course?
+
This course is available through MIT OpenCourseWare for self-study. Accessing the course materials does not require an application. For admission to MIT's degree programs, you must apply through the official MIT admissions portal.
What is the language of instruction?
+
The course materials are provided in English. While not explicitly stated for this OpenCourseWare offering, MIT's primary language of instruction for degree programs is English.
What is the duration of the course?
+
This is a self-study course, and the duration is flexible based on your own pace of study. It was last offered as "Fall 2011" but materials are available for ongoing access.
What are the career outcomes for students taking this course?
+
This course provides foundational knowledge in microeconomics applicable to careers as an Economist, Policy Analyst, Business Analyst, Financial Analyst, or Researcher.