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Microeconomic Theory I

Photo of a US twenty-dollar bill.

Microeconomics focuses on patterns of supply and demand and the determination of price and output in individual markets. (Photo courtesy of Darren Hester. Used with permission.)


MIT Course Number


As Taught In

Fall 2005



Course Description

Course Features

Course Description

This course provides an introduction to microeconomic theory and is the first course in the microeconomic theory series. It is intended for graduate students in the economics program. Some components of the course are designed to teach material that all graduate students should know while others are used to introduce methodologies. Topics of recent interest will also be covered and may include: theories of production and individual choice (under certainty and uncertainty); markets and competition; tools of comparative statics and their application to price theory.

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Related Content

Glenn Ellison. 14.121 Microeconomic Theory I. Fall 2005. Massachusetts Institute of Technology: MIT OpenCourseWare, License: Creative Commons BY-NC-SA.

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