Course

Principles of Economics: Microeconomics

Supply and demand, prices, the invisible hand, trade, monopoly, externalities, wages, public goods, asymmetric info, and more.

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First Video

Introduction to Microeconomics

What did bad incentives have to do with the death rate of prisoners shipped from England to Australia?

Highlights from this Course

A Price Is a Signal Wrapped up in an Incentive

Public Goods and Asteroid Defense

Course overview

101 Videos and Exercises

University Level

No Prerequisites

What you will learn

By taking this free microeconomics course, you’ll be exposed to the economic way of thinking. You’ll understand how to use economics in your life and, ultimately, see the world differently.

We’ll cover fundamental microeconomics concepts like supply and demand and equilibrium. We’ll also answer questions such as: How are prices determined? What did Adam Smith mean when he said the market process works like an “invisible hand”? How is it that we have access to fresh roses in very chilly cities every Valentine’s Day? We will cover all the key topics including competition, monopoly, price discrimination, externalities, public goods and more.

There are no prerequisites to this course and it is accessible to a beginner.

Instructors

Tyler Cowen

Professor, George Mason University](https://mru.org/users/78)

Alex Tabarrok

Professor, George Mason University](https://mru.org/users/79)

Joana Girante

Professor, Arizona State University](https://mru.org/users/119939)

Can I earn a certificate?

Yes, if you pass the final exam, you will earn the "Principles of Economics: Microeconomics" certificate on your MRU profile.

Creative Commons

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