Micro·Course
Microeconomics
Consumer theory, firm theory, market structures, pricing, market failures and behavioral economics
15
Modules
62
Articles
~6 h
Reading
IV
CLOs
§ 01 — 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 →
§ 02 — Learning outcomes
4 outcomes.
CLO I
Markets and Pricing
Analyze demand, supply, and market equilibrium, and apply the concept of elasticity to forecast market behavior.
CLO II
Consumer and Firm Theory
Explain consumer choice using utility theory and analyze firms’ production decisions.
CLO III
Market Structures
Compare competitive, monopolistic, and oligopolistic markets and assess their efficiency.
CLO IV
Market Failures and Welfare
Identify market failures (externalities, public goods, information asymmetry) and justify measures of government intervention.
§ 03 — Practices