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