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

Tyler Cowen

Member for
6 years 9 months

Tyler Cowen is Holbert L. Harris Professor of Economics at George Mason University and also Director of the Mercatus Center. He received his PhD in economics from Harvard University. He is a New York Times best-selling author, and has been called "one of the most influential economists of the last decade" (The Economist), "America's Hottest Economist" (Bloomberg BusinessWeek), and a "Top 100 Global Thinker" (Foreign Policy). He is the host of the Conversations with Tyler podcast series and, along with Alex Tabarrok, co-writes the Marginal Revolution blog. He is the co-author with Alex of Modern Principles of Economics, an introductory textbook.


Interested in studying with Tyler at George Mason University? Learn more about fellowships for both undergraduate and graduate students.


Alex Tabarrok

Member for
6 years 9 months

Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center and a professor of economics at George Mason University. Along with Tyler Cowen, he is the co-author of the popular economics blog Marginal Revolution and co-founder of Marginal Revolution University. He is the author of numerous academic papers in the fields of law and economics, criminology, regulatory policy, voting theory and other areas in political economy. He is co-author with Tyler of Modern Principles of Economics, a widely used introductory textbook. His articles have appeared in the New York Times, the Washington Post, the Wall Street Journal, and many other prestigious publications.

Interested in studying with Alex at George Mason University? Learn more about fellowships for both undergraduate and graduate students.


Joana Girante

Member for
2 years 3 weeks

Joana Girante is a Clinical Assistant Professor in the Economics Department at Arizona State University, where she also serves as the Online Course Coordinator. Formerly, she was on the faculty at the University of Minho (Portugal). Joana received her PhD in economics from North Carolina State University. She currently teaches between 500 and 1,000 economics students per semester in a mixture of in-person, online, and hybrid courses. Her research focuses on evaluating the efficacy of novel teaching methods.

88 Videos and Exercises
University Level
No Prerequisites
Highlights from this Course

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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.


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The third party material as seen in this video is subject to third party copyright and is used here pursuant
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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.