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Browse materialsMIT 14.01SC · Fall 2011 · OCW Scholar

Principles of Microeconomics

Subject: Economics

Art: William Playfair, 1786 Playfair - 19 Chart Annual Revenues of England and France (from…, 1786 · Public domain

Instructor
Prof. Jonathan Gruber
Term
Fall 2011
Level
Undergraduate
What's inside
38 videos · 9 problem sets · 3 exams · 115 other files · 35 web pages
Materials open
Videos here · files on MIT OCW
Other versions of this course

Start here

Start course: SyllabusFind a topic

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About this course

Source: MIT OpenCourseWare 14.01SC Principles of Microeconomics, Fall 2011, Prof. Jonathan Gruber — original course page on ocw.mit.edu ↗. License: CC BY-NC-SA 4.0. Study order: MIT's own units, each a lecture sequence in MIT's listing order; no single course-wide order across units is claimed. Taken from MIT's published course files, downloaded from ocw.mit.edu on September 22, 2026. The “How to start this course” route below is taken from MIT's own pages for this course, as fetched on September 25, 2026. How RedLectern is built.

Study route

How to start this course

Words in quotation marks are MIT’s own, from its pages for this course, linked under each part. The headings, labels and links are RedLectern’s.

Before you start

Can I start this?

MIT’s prerequisites, in MIT’s words. Tick each one you meet; nothing here is graded or saved.

  • Not yet? MIT points to Single Variable Calculus (18.01SC). MIT: “Visit 18.01SC Single Variable Calculus to learn or review this material.”

From MIT: Syllabus ↗

What you'll learn

  • “Understand consumer behavior.”
  • “Understand firm behavior.”
  • “Analyze different types of market structures (monopoly, oligopoly and a competitive market).”
  • “Understand how to apply economic principles to a range of policy questions.”

The full list is on MIT’s syllabus ↗

From MIT: Syllabus ↗

What you need

  • “[R&T] = Rittenberg, Libby, and Timothy Tregarthen. Principles of Microeconomics. 2009.”
    “This Creative Commons-licensed open textbook is a free online alternative to Perloff text used in the class at MIT.”
    “[Perloff] = Perloff, Jeffrey M. Microeconomics. 5th ed. Addison Wesley, 2008.” Rittenberg and Tregarthen on MIT's site (PDF) ↗

Books

  • The free book on our Start page for this course is the free textbook MIT offers with this course. Open it in our library
  • “read the course textbook for an introduction to the material covered in this session”

From MIT: Syllabus ↗, Introduction to Microeconomics ↗

If this isn't the right fit

Principles of Microeconomics (14.01, Fall 2023)

  • “This introductory undergraduate course covers the fundamentals of microeconomics.”
  • “Some calculus at the level of 18.01 Single Variable Calculus will be used. Otherwise there are no prerequisites.”

From MIT: 14.01 Fall 2023 course home ↗, 14.01 Fall 2023 Syllabus ↗

Your first sessions

  • “Readings are assigned for each lecture, and should be completed prior to watching the lecture videos and completing subsequent activities.”
  • “Complete this quiz before moving on to the next session to make sure you understand the concepts required to solve the mathematical and graphical problems that are the basis of this course.”

From MIT: Syllabus ↗, Introduction to Microeconomics ↗

  1. Introduction to Microeconomics

    This session on MIT’s site ↗

  2. Applying Supply and Demand

    This session on MIT’s site ↗

  3. Elasticity

    This session on MIT’s site ↗

  4. Problem Set 1

    This session on MIT’s site ↗

Learn one topic

20 concept pages, one per MIT session: the clips, notes and practice for that topic. MIT solutions for 18 of 20 topics.

All 20 topics
  1. Introduction to Microeconomics MIT solutions
  2. Applying Supply and Demand MIT solutions
  3. Elasticity MIT solutions
  4. Preferences and Utility MIT solutions
  5. Budget Constraints MIT solutions
  6. Deriving Demand Curves MIT solutions
  7. Introduction to Producer Theory MIT solutions
  8. Productivity and Costs MIT solutions
  9. Competition MIT solutions
  10. Principles of Welfare Economics MIT solutions
  11. Monopoly MIT solutions
  12. Oligopoly MIT solutions
  13. Factor Markets MIT solutions
  14. International Trade MIT solutions
  15. Uncertainty MIT solutions
  16. Capital Supply and Markets MIT solutions
  17. Equity and Efficiency MIT solutions
  18. Government Redistribution Policy MIT solutions
  19. U.S. Social Insurance Programs
  20. Healthcare Economics

Before you start

How this course was organized

What's here, and what isn't

  • This course has 27 videos, each embedded on its own MIT page, across 27 sections. They're shown in MIT's listing order within each section. A verified course-wide order is not claimed for this course.

Not included here

33 items from the source could not be safely included:

  • MIT's page format for this item wasn't recognized clearly enough to place it safely. (33 items)

Units

Each unit is offered as its own lecture sequence; there is no single course-wide order across units.

  1. Syllabus1 activities · lecture sequence, in MIT's listing order
  2. Unit 1: Supply and Demand3 activities · lecture sequence, in MIT's listing order
  3. Unit 2: Consumer Theory3 activities · lecture sequence, in MIT's listing order
  4. Unit 3: Producer Theory4 activities · lecture sequence, in MIT's listing order
  5. Unit 4: Welfare Economics2 activities · lecture sequence, in MIT's listing order
  6. Unit 5: Monopoly and Oligopoly4 activities · lecture sequence, in MIT's listing order
  7. Unit 6: Topics in Intermediate Microeconomics6 activities · lecture sequence, in MIT's listing order
  8. Unit 7: Equity and Efficiency4 activities · lecture sequence, in MIT's listing order

Materials by section

Grouped by section, as MIT organized them. Not sequenced or ordered.

Syllabus

Unit 1: Supply and Demand

7 items in this section

Applying Supply and Demand

Elasticity

Problem Set 1

Unit 2: Consumer Theory

16 items in this section

Preferences and Utility

Budget Constraints

Problem Set 2

Deriving Demand Curves

Applying Consumer Theory: Labor

Problem Set 3

Midterm Exam 1

Unit 3: Producer Theory

10 items in this section

Introduction to Producer Theory

Productivity and Costs

Competition I

Problem Set 4

Competition II

Unit 4: Welfare Economics

Competition III

Problem Set 5

Principles of Welfare Economics

Unit 5: Monopoly and Oligopoly

13 items in this section

Monopoly I

Problem Set 6

Monopoly II

Oligopoly I

Problem Set 7

Oligopoly II

Midterm Exam 2

Unit 6: Topics in Intermediate Microeconomics

7 files in this section

Factor Markets

International Trade

Uncertainty

Problem Set 8

Capital Supply and Markets I

Capital Supply and Markets II

Unit 7: Equity and Efficiency

Equity and Efficiency

Government Redistribution Policy

Problem Set 9

Final Exam

Other materials from this course

9 files
38 video transcripts
36 images

MIT OpenCourseWare, Prof. Jonathan Gruber, 14.01SC Principles of Microeconomics, Fall 2011.

License: CC BY-NC-SA 4.0 · Edition: Fall 2011 · Open the original course on OCW ↗

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