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Massachusetts Institute of Technology

AP® Microeconomics

Massachusetts Institute of Technology via MITx Online

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Overview

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An overview of introductory microeconomics. Learn the key principles of economics and how to apply them to the real world - and the AP® exam!

Syllabus

  • Consumer theory: How do consumers make decisions to maximize happiness?
  • Producer theory : How do firms make decisions to maximize profit?
  • Market structures : How does the structure of a market affect economic efficiency?
  • Market failures : How do markets fail and what is the role of government to respond to these failures?
  • Economic fairness : How do we strike the balance between economic efficiency and fairness?

Taught by

Jonathan Gruber

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