Microeconomics
What is Microeconomics?
Microeconomics focuses on how consumers and businesses make decisions in regards to the allocation of resources. It studies how these decisions impact the supply and demand of goods and services in the market, and how market prices are determined. Additionally, microeconomics looks at how government policies can affect the economy.
In microeconomics, we study how people interact with each other and how these interactions determine prices and quantities in markets. We also examine how people respond to changes in prices and income, and how markets clear. It focuses on how people make decisions about what to produce, how to produce it, and how to distribute it. It also looks at how the economy as a whole works.
Microeconomics Resources
Principles of Microeconomics - 2nd Edition
Principles of Microeconomics 2e covers the scope and sequence of most introductory microeconomics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and...
Principles of Microeconomics for AP Courses - 2nd Edition
Principles of Microeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® microeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes...
ECON201: Intermediate Microeconomics
This course is designed to extend your knowledge of the basic microeconomic principles that will provide the foundation for your future work in economics and give you insight into how economic models can help us think about important real world pheno...
Firm Level Economics: Markets and Allocations
In this class, we will derive equilibrium outcomes across a variety of market structures. We will begin by understanding equilibrium under a market structure called Perfect Competition, a benchmark construction. Economists have tools to measure the e...
Firm Level Economics: Consumer and Producer Behavior
All goods and services are subject to scarcity at some level. Scarcity means that society must develop some allocation mechanism – rules to determine who gets what. Over recorded history, these allocation rules were usually command based – the king o...
Microeconomics: The Power of Markets
We make economics decisions every day: what to buy, whether to work or play, what to study. We respond to markets all the time: prices influence our decisions, markets signal where to put effort, they direct firms to produce certain goods over others...
ECON101: Principles of Microeconomics
Before we dive into the principles of microeconomics, we need to define some of the major ideas that lie at the heart of economics. What, for example, is the economic way of thinking? What do economists mean when they throw around terms like market s...
The Power of Microeconomics: Economic Principles in the Real World
In this course, you will learn all of the major principles of microeconomics normally taught in a quarter or semester course to college undergraduates or MBA students. Perhaps more importantly, you will also learn how to apply these principles to a w...
Microeconomics: When Markets Fail
Perfect markets achieve efficiency: maximizing total surplus generated. But real markets are imperfect. In this course we will explore a set of market imperfections to understand why they fail and to explore possible remedies including as antitrust p...
Microeconomics
This tutorial (that only has one video) is an overview of what economics is. In particular it will tell you the difference between microeconomics (the subject you're in right now) and macroeconomics. Really good first watch to give you some con...