Principles of Economics: Microeconomics

By joining this course, you’ll be exposed to the economic way of thinking. That is, you’ll understand how to use economics in your life and, ultimately, you’ll see the world differently.

We’ll cover fundamental 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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Runs approx 12 video hours

Course Outline


Learn how to calculate monopoly profit! Tuesday, March 15, 2016 - 18:27
Econ Duel: Is education signaling or skill building? Thursday, March 10, 2016 - 11:41
Microeconomics exam is now live! Tuesday, March 1, 2016 - 10:56
Can I earn a certificate?

Yes, if you pass the final exam, you will earn the "Principles of Economics: Microeconomics" certificate on your MRUniversity profile. We also recommend Degreed, which allows you to find, track and measure all of your learning in one place. Create an account and add it to your Degreed profile for free.

How can I get updates on this course?

If you subscribe to the course by using the button above, you will receive email updates on the course.

Can I use this content in my class?

Yes, please! The videos are freely available for non-commercial use. Please let us know how it goes.

Teaching Resources

MRU offers teaching resources designed specifically for passionate educators like you! Check out a sample syllabus and lecture plans on topics such as Compensating Wage Differentials and the Price System.

Flip the classroom

Learn how to calculate monopoly profit!

BY ON Tue, March 15, 2016

You asked, we answered. New office hours video.

Econ Duel: Is education signaling or skill building?

BY ON Thu, March 10, 2016

What’s the real value of education? We’re excited to share with you a video that tackles that question head on.

Microeconomics exam is now live!

BY ON Tue, March 01, 2016

Take the exam and submit your questions to Office Hours!

Principles of Economics: Microeconomics

Congratulations, you've made it to the end of Principles of Economics: Microeconomics! The only thing between you and your certification is the final exam. The exam is 30 multiple choice questions. You must earn an 80% or higher in order to pass and receive a certification on your profile. The exam is open note, un-timed, and can be retaken as many times as needed. Good Luck!

Start quiz

New Microeconomics Videos: Asymmetric Information

BY ON Tue, September 29, 2015

In this section, we’ll dive into asymmetric information, adverse selection, moral hazard, and signaling.

Who should pay to protect us from an asteroid strike?

BY ON Tue, June 30, 2015

This week’s videos cover public goods, like asteroid protection, which benefit even those who don’t pay for them.

New Videos on Externalities, Costs and Profit Maximization, Monopolies, and more

BY ON Fri, March 20, 2015

We are excited to bring you four new sections this week in Principles of Economics: Microeconomics!

Valentine’s Day Meets Economics

BY ON Thu, February 12, 2015

How do Valentine’s Day roses bloom in florists' shops in Chicago – in the middle of winter?

New Course on Principles of Economics: Microeconomics!

BY ON Mon, January 12, 2015

We’re pleased to announce the release of our newest course where we’ll cover all of the important topics in microeconomics, such as competition, monopoly, price discrimination, externalities, public goods and more.

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