Best Microeconomics Online Courses

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Contributor, Benzinga
April 23, 2021

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Quick Look: The Best Microeconomics Online Courses

Microeconomics, the study of human actions and decisions that affect the utilization and distribution of scarce resources, can be dizzying to understand without some external input. Moreover, the topic is just one half of a much larger body is knowledge.

You may want to turn to online microeconomics courses to better understand supply and demand, pricing mechanisms and the allocation of resources. Plus, you can use these courses to learn how microeconomics work, move on to macroeconomics courses, and compare the two to learn more about how the markets behave and how this information can inform your investments.

Best Microeconomics Online Course for Beginners

Does the phrase “measuring elasticity” confuse you? Not sure about the meaning of possibilities, trade-offs and marginal analysis in relation to microeconomics? If so, consider taking these beginner microeconomics courses. They’ll help you build your foundational knowledge so you advance to more complex topics down the road. 

Microeconomics by Khan Academy

  • Who it’s for: Beginners
  • Price: Free

Khan Academy is one of the most trusted resources for learners on the internet. Khan delivers an excellent foundational course simply called Microeconomics. As you go through the course, you’ll be able to earn “Mastery Points.” Are you motivated by small rewards like these? This might be a great course for you to try.

You’ll be introduced to factor markets, market failure and the role of government, consumer theory and elasticity. Each section is split up into easily digestible sections and allows you to learn the material on your own schedule.

Economics: Mastering Microeconomics 101

All Levels • 75 videos • 9.2 hours
Economics: Mastering Microeconomics 101
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Economics: Mastering Microeconomics 101 by Udemy

  • Who it’s for: Beginners 
  • Price: $49.99

This bestselling course from Udemy helps lay down a strong microeconomics foundation. The theories and principles explained in the course are applicable to real-life decisions. At the end of each chapter, the instructor provides everyday examples to help enhance your learning experience. 

Some of the subjects covered include various economic theories, models and assumptions, consumer and producer surplus, measuring elasticity and consumer theory and behavior. 

You should be able to understand straight line graphs and have basic math knowledge before you enroll in this course. 

Microeconomics Principles by the University of Illinois

  • Who it’s for: Beginners
  • Price: Free

Microeconomics Principles, taught by professors at the University of Illinois, explains basic microeconomics information in a clear way. It dispels the misconception that economics is only about the study of money. You’ll learn about how the environment, marriage, crime, education, politics, sports and business all relate to microeconomics during this 23-hour course. 

You’ll also learn more about the basic principles of microeconomics, supply and demand, market efficiency, government policies and elasticities. 

Best Intermediate Microeconomics Online Courses

For learners who already have some basic knowledge of microeconomics and want to learn some niche theories, these intermediate courses are likely the right option for you. 

Microeconomics: The Power of Markets by the University of Pennsylvania 

  • Who it’s for: Intermediate learners
  • Price: Free

Microeconomics: The Power of Markets is taught by professors at the University of Pennsylvania. You’ll learn more about the concept of scarcity, specialization and trade as well as how to understand markets better. The course takes about 13 weeks to complete as long as you dedicate about 5 hours a week to studying the material. 

It’s clear that this microeconomics course does something right because it has an average rating of 4.7 stars. People who took the course highlighted the fact that the professor used numerous examples to help showcase the power of the market in a clear way. 

Managerial Economics – Effective Business Decisionmaking

Intermediate • 45 videos • 3.7 hours
Managerial Economics – Effective Business Decisionmaking
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Managerial Economics — Effective Business Decisionmaking by Udemy

  • Who it’s for: Intermediate learners who are business owners
  • Price: $109.99

Managerial Economics is the ideal course for managers who want to make better business decisions or business students who want to learn about managerial economics. During this 3.5-hour course, you’ll learn more about market equilibrium, indifference curves and budget constraints, market structure, benefits of mergers and the time value of money.

By the end of the microeconomics online course, you’ll be able to answer questions like “How much should I produce?” and “How much should I charge?” You’ll be able to predict the impact governmental policies will have on your business as well as how your business affects others. You’ll receive a certificate for your hard work at the end. 

Microeconomic Theory by Harvard University

  • Who it’s for: Intermediate learners
  • Price: $1,840

You do get what you pay for with the Microeconomic Theory course brought to you by Harvard Extension School. This class is led by an instructor, so you’ll be able to attend live classes online from a professor at Harvard University. 

During the course, you’ll learn more about the analytical tools used by microeconomists. You’ll also learn more about the decision-making skills of consumers and in particular, you’ll learn about situations that revolve around uncertainty. You’ll also examine ways firms make decisions and different strategies and concepts, including Nash equilibrium. 

Best Advanced Microeconomics Online Courses

Do you have experience taking multiple courses and want to learn more advanced concepts and methods? These courses are likely the right ones for you. 

Economics in Global Logistics by FutureLearn

  • Who it’s for: Advanced learners
  • Price: Free

Brought to you by FutureLearn, this course will help you to explore how microeconomics impacts a global logistics business. This 2-week course will give you the opportunity to understand a simplified economy and how to maximize profits. 

You can join this course for free at any time and work through the material even after it has started. This course is best for business professionals who want to improve their logistics skills by understanding microeconomics better. 

Microeconomics: Competition in the Marketplace by Alison

  • Who it’s for: Advanced learners
  • Price: Free

As you might be able to guess from the name, Microeconomics: Competition in the Marketplace, will teach you about marketplace competition, monopolies and externalities. You’ll look into the different types of costs in business during the 2-hour course, including the Pigouvian tax, which is a tax on a good with an external cost. It will teach you how you should maximize costs, even in competitive markets. 

You can devise a strategy that helps you increase your revenue and still build a strong customer base by mastering skills related to competition in the marketplace. This course is 1 of 4 in a series, and you can take the other 3 courses to help you round out your microeconomics knowledge. 

Development Economics: Microeconomic Issues and Policy Models by MIT

  • Who it’s for: Advanced learners
  • Price: Free

The Development Economics: Microeconomic Issues and Policy Models course was taught by MIT professors to students at the prestigious school, but you can get it for free now thanks to MIT OpenCourseware. 

The course was taught at the graduate level and includes lecture notes, problem sets and even exams. Some of the topics covered include productivity effects of health, education quality, gender discrimination, markets for credit and savings and more. Complete the assigned readings, which will be discussed in length during the lectures, to do well in the course. 

What Makes a Great Microeconomics Online Course?

You’ll be able to find a wide variety of online microeconomics courses. Here’s what you should look for to make sure you get the best learning experience possible. 

Strong Foundation

Has it been a few years since you’ve taken a microeconomics course? You might need a refresher, so be sure you take a course that covers microeconomics basics. After all, if you take a course that is too hard for you, you might be discouraged and give up before you complete it. Pick the right level course for you to ensure that you have the best learning experience. 

Instructor Reputation

Check to see who the professor is. What is his or her experience level? Education level? You’ll be able to review the professor’s profile before you sign up to make sure that he or she has a solid resume. 

Real-World Examples

Microeconomics offers difficult concepts. You’ll want to find a course that uses real-world examples from a variety of countries and industries so you can easily understand all the ideas available. Check the syllabus or the course overview to make sure that you’ll be able to apply your new knowledge to real-world situations. 

Our Top Picks

Here are Benzinga’s top picks for beginner, intermediate and advanced microeconomics learners. The courses are sorted based on price point and cover different topics and areas of study. Read the descriptions to help you make an informed decision and find the right microeconomics course for you. 

Some of our courses come from trusted sources like: 

  • Khan Academy
  • Udemy
  • University of Illinois
  • University of Pennsylvania
  • Harvard University 
  • FutureLearn
  • Alison
  • MIT

The courses are split into 3 categories based on skill level: beginner, intermediate and advanced. The online classes are also sorted by price point, so you can find a great microeconomic course that fits your budget and skill level.

Get the Best Microeconomics Course for You

All of our favorite microeconomics online courses come from a wide variety of sources, with many different styles of teaching and lesson plans. You shouldn’t have a problem finding an online microeconomics course that fits your needs if you follow our guide. 

Many of these online courses are fairly inexpensive or even free! Find out which course is the best fit for you and expand your knowledge today.  Interested in more economics courses? Check out the best economics courses and best macroeconomics courses.

Frequently Asked Questions


What should you consider in an excellent online microeconomics course?


You need to look at the pace, concepts, materials, examples and instructor.


What are some excellent microeconomics courses for beginners?


Several great courses include Microeconomics by Khan Academy, Microeconomics Principles from the University of Illinois and Economics by Udemy.

Southern New Hampshire University Online

SNHU Online Offers:

  1. Flexible schedules
  2. Affordable tuition
  3. Online tutoring
  4. Access to electronic research materials
  5. Specialized academic advising
  6. Supportive online community