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Microeconomics

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Microeconomics

This course is part of the MITx MicroMasters program in Data, Economics, and Development Policy (DEDP). To audit this course, click “Enroll Now” in the green button at the top of this page.



To enroll in the MicroMasters track or to learn more about this program and how it integrates with MIT’s new blended Master’s degree, go to MITx’s MicroMasters portal



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, we’ll 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.



Topics include:




  • Consumer theory

  • Supply and demand

  • Market equilibrium

  • Producer theory

  • Monopoly

  • Oligopoly

  • Capital markets

  • Welfare economics

  • Public goods

  • Externalities


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Starts : 2017-09-26

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