Principles of Economics: Microeconomics

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

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.

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

Creative Commons License

This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
The third party material as seen in this video is subject to third party copyright and is used here pursuant
to the fair use doctrine as stipulated in Section 107 of the Copyright Act. We grant no rights and make no
warranties with regard to the third party material depicted in the video and your use of this video may
require additional clearances and licenses. We advise consulting with clearance counsel before relying
on the fair use doctrine.

New videos coming soon

Sign up and you’ll be the first to hear about new
Principles of Economics: Microeconomics videos.