Free microeconomics ebook course with free certification. Learn supply, demand, market equilibrium, elasticity, surplus, taxes, subsidies, and policy tradeoffs.
Course content
Microeconomics Essentials: How Markets Use Supply and Demand
2Microeconomics Essentials: Building Demand Curves and Reading Buyer Behavior
3Microeconomics Essentials: Shifts in Demand and the Determinants of Demand
4Microeconomics Essentials: Building Supply Curves and Understanding Seller Costs
5Microeconomics Essentials: Shifts in Supply and the Determinants of Supply
6Microeconomics Essentials: Market Equilibrium and Price as a Coordinating Signal
7Microeconomics Essentials: Comparative Statics—Predicting New Equilibria After Shocks
8Microeconomics Essentials: Price Elasticity of Demand—Responsiveness and Revenue
9Microeconomics Essentials: Elasticity of Supply and Short-Run vs Long-Run Adjustment
10Microeconomics Essentials: Consumer Surplus, Producer Surplus, and Total Gains from Trade
11Microeconomics Essentials: Market Efficiency and Deadweight Loss from Misallocation
12Microeconomics Essentials: Price Controls—Rent Ceilings, Shortages, and Rationing
13Microeconomics Essentials: Taxes—Tax Incidence, Wedges, and Efficiency Costs
14Microeconomics Essentials: Subsidies and Policy Tradeoffs in Everyday Markets
Course Description
Microeconomics Essentials: Supply, Demand, and Market Equilibrium is a practical ebook course in Basic studies and Economics that helps you understand how markets work and how prices coordinate everyday decisions. Whether you are preparing for exams, strengthening business intuition, or building a foundation for policy analysis, you will learn to read real market situations with clear economic reasoning.
You will start by learning how supply and demand interact and why buyer behavior forms demand curves while seller costs shape supply curves. As you progress, you will see how changes in income, preferences, substitutes, technology, and input prices shift demand and supply, and how these shifts translate into new outcomes for price and quantity. The course uses plain language to connect core microeconomics concepts to real-world applications such as housing, fuel, food, and digital services.
Next, you will develop strong market equilibrium intuition, using comparative statics to predict how shocks change equilibria and why price acts as a coordinating signal. You will also explore price elasticity of demand and elasticity of supply to understand responsiveness, revenue effects, and the difference between short-run and long-run adjustment. These tools help you anticipate when a price change will increase or decrease total revenue and how quickly markets can adapt.
To deepen your analysis, you will interpret consumer surplus, producer surplus, and total gains from trade, linking these measures to market efficiency and deadweight loss when resources are misallocated. You will then apply microeconomic reasoning to policy questions, including price controls such as rent ceilings, taxes with incidence and wedges, and subsidies with practical tradeoffs. By the end, you will be able to evaluate common interventions and explain who benefits, who pays, and what efficiency costs may arise.
Start this course today and build confident microeconomics skills you can use in study, work, and everyday decisions.
This free course includes:
14 content pages
Digital certificate of course completion (Free)
Exercises to train your knowledge
100% free, from content to certificate
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