Micro·Course
Microeconomics
Consumer theory, firm theory, market structures, pricing, market failures and behavioral economics
Part of the Business & Economics track — finish it for a verifiable diploma →
§ 01 — Orientation
New here?
What you'll be able to do, who this is for, how long it takes, and where to begin.
By the end, you will be able to
- 01Predict how markets move using supply, demand, and elasticity.
- 02Explain consumer choice through utility and constraints.
- 03Analyze a firm's production and pricing decisions.
- 04Compare competition, monopoly, and oligopoly on efficiency.
- 05Diagnose market failures and justify when to intervene.
Who this is for
How long it takes
- Quick orientationSkim the opening module and the cheatsheet to get the shape of it.~2 h
- Full read-throughRead every article once, in order.~6 h
- Mastery pathRead, take the quizzes, and space out your reviews.~3 weeks
- APA
Stoa. (2026). Microeconomics [Online course]. Stoa. https://stoa.school/course/microeconomics
- MLA
Stoa. “Microeconomics.” Stoa, 2026, https://stoa.school/course/microeconomics.
- Chicago
Stoa. “Microeconomics.” Stoa. Accessed September 1, 2026. https://stoa.school/course/microeconomics.
§ 02 — Curriculum
15 modules.
Each module is a small unit. Most read in sequence — but a determined reader can begin anywhere.
- M IBasic Concepts and Language of MicroeconomicsBasic concepts and language of microeconomics5 articles
30 minBegin → - M IIDemand, Supply, and Market EquilibriumDemand, supply, and market equilibrium5 articles
30 minBegin → - M IIIElasticityElasticity4 articles
24 minBegin → - M IVUtility, the Consumer, and ChoiceUtility, the consumer, and choice4 articles
24 minBegin → - M VTheory of the Firm and ProductionTheory of the firm and production4 articles
24 minBegin → - M VIProfit and Firm BehaviorProfit and firm behavior4 articles
24 minBegin → - M VIIPerfect CompetitionPerfect competition4 articles
24 minBegin → - M VIIIMonopoly and Market PowerMonopoly and market power4 articles
24 minBegin → - M IXMonopolistic Competition and OligopolyMonopolistic competition and oligopoly4 articles
24 minBegin → - M XFactor Markets and LaborFactor markets and labor4 articles
24 minBegin → - M XISurplus and WelfareSurplus and welfare4 articles
24 minBegin → - M XIIMarket FailuresMarket failures4 articles
24 minBegin → - M XIIIBehavioral EconomicsBehavioral economics4 articles
24 minBegin → - M XIVIncome Distribution and InequalityIncome distribution and inequality4 articles
24 minBegin → - M XVMicro Foundations for Macro and InvestmentMicro foundations for macro and investment4 articles
24 minBegin →
§ 03 — Learning outcomes
4 outcomes.
Analyze demand, supply, and market equilibrium, and apply the concept of elasticity to forecast market behavior.
Explain consumer choice using utility theory and analyze firms’ production decisions.
Compare competitive, monopolistic, and oligopolistic markets and assess their efficiency.
Identify market failures (externalities, public goods, information asymmetry) and justify measures of government intervention.
§ 04 — Practices