The price of commodities, such as gasoline, fluctuates due to supply and demand, a key concept in microeconomics. (Image by Don Sniegowski on flickr. License: CC BY-NC-SA).
Instructor(s)
Prof. Jonathan Gruber
MIT Course Number
14.01
As Taught In
Fall 2018
Level
Undergraduate
Course Description
Course Features
- Video lectures
- Captions/transcript
- Lecture notes
- Assignments: problem sets with solutions
- Exams and solutions
Educator Features
Course Description
This introductory undergraduate course covers the fundamentals of microeconomics. Topics include supply and demand, market equilibrium, consumer theory, production and the behavior of firms, monopoly, oligopoly, welfare economics, public goods, and externalities.
Chalk Radio Podcast
Prof. Jonathan Gruber was featured in an episode of OpenCourseWare's podcast, Chalk Radio. In the episode "Thinking Like an Economist," Prof. Gruber talks about how he engages students in 14.01 with accessible real world examples. Listen to the episode on Apple Podcasts.
Other Versions
OCW Scholar Version 
Other OCW Versions
Archived versions: 