Introduction to Economics - Part 1: Microeconomics

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Introduction to Economics - Part 1: Microeconomics

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edX online courses
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be tau...
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

Provider Subject Specialization
Sciences & Technology
Business & Management
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Course Description

A country’s economy consists of three major economic agents; consumers, firms and government. Analyzing the choices made by these economic agents is one of the main subjects of microeconomics.

In this economics and finance course, you will learn how the decisions made by economic agents are represented in the market as demand and supply of commodities. You will also learn about equilibriums in the market, which is when the quantity demanded is equal to the quantity supplied. The derivation of this equilibrium is another main focus of microeconomics. By deriving an equilibrium in a market, we can see at which level the price will be and how much of a transaction will occur.

Since this is an introductory economics course at the most elementary level, no prior knowledge of economics is needed. Anyone who is interested in economics is welcome to take this course.

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