Is this microeconomics course really free of cost?

Yes, this is a 100% free microeconomics course with no hidden fees, subscriptions, or post-enrollment charges. Learners receive access to a robust learning experience designed to make high-quality economics education accessible to all—especially students and professionals looking to upskill without financial barriers.

Can I learn at my own pace with this online microeconomics program?

Absolutely. This microeconomics free course is entirely self-paced, allowing you to learn whenever and wherever it suits you. Whether you’re a university student, a full-time employee, or preparing for competitive exams, this course is designed to accommodate your schedule.

Does this course include practical examples or only theoretical concepts?

This course offers more than just textbook definitions. It bridges theory with practical examples—explaining real-life scenarios involving pricing, consumer demand, supply fluctuations, and market structures. This balanced approach ensures that learners can apply microeconomic theories to real-world decision-making.

What topics are included in this microeconomics free course?

The curriculum covers core microeconomic concepts such as: Demand and Supply Analysis Elasticity of Demand and Supply Consumer and Producer Behavior Cost Structures and Revenue Market Structures (Perfect Competition, Monopoly, Oligopoly) Price Mechanisms and Market Equilibrium Government Intervention and Market Failure

Will I receive a certificate upon completing this microeconomics course?

Yes, successful learners will receive a free, shareable certificate of completion. This digital certificate can be added to your resume or LinkedIn profile and is a credible indicator of your microeconomic literacy—especially valuable for entry-level roles in economics, business strategy, and finance.

Is the certification from this microeconomics program recognized in the industry?

Yes, while it may not be equivalent to a university degree, this certificate is widely accepted as evidence of foundational knowledge in economics. It demonstrates initiative and analytical capability—qualities appreciated by employers in sectors such as consulting, finance, market research, and public administration.

What is microeconomics in economics?

Microeconomics is the study of how individuals, firms, and governments make choices regarding the allocation of limited resources. It analyzes behaviors such as consumption, production, and pricing at the unit level, helping to explain how markets function and how prices are determined.

What is the difference between microeconomics and macroeconomics?

Aspect Microeconomics Macroeconomics Focus Area Individual markets, firms, consumers Economy-wide indicators and national/global performance Examples Pricing decisions, market competition, consumer choice Inflation, GDP, unemployment, fiscal & monetary policy Scale Small-scale decision-making Broad economic policies and systemic trends Application Business pricing, cost analysis, market entry Government policy-making, economic forecasting

Who defined microeconomics?

The formal terminology was introduced by Norwegian economist Ragnar Frisch in the 1930s. However, the foundational ideas of microeconomics trace back to classical economists like Adam Smith, David Ricardo, and later Alfred Marshall, whose works laid the groundwork for modern economic theory.

What is the theory of microeconomics?

Microeconomic theory focuses on the decision-making processes of individuals and firms. It explores how these agents respond to changes in prices, resources, and incentives. Key areas include utility maximization, production theory, market dynamics, and efficiency under various competition models.

How will this microeconomics course help in my academic or career journey?

This microeconomics program equips learners with analytical tools essential for higher education in economics, business, finance, or public policy. It also provides foundational skills useful for roles in business strategy, marketing analysis, economic consulting, and policymaking. Whether you're planning to pursue a degree or preparing for competitive exams, this course adds tangible value to your academic profile and career potential.

Is the Introduction to Microeconomics free course mobile-friendly?

Yes, the course can be accessed on mobile devices and desktops, offering flexibility and convenience for learners on the go.

Can I revisit modules after completing them?

Yes, all content remains accessible post-completion, so you can revisit topics anytime for revision or deeper understanding, even after your course completion.

Are there any quizzes or interactive elements in this course?

Yes, the course includes quizzes and real-world examples to reinforce concepts and make learning more engaging and retention-friendly.

Microeconomics Course Free| Microeconomics Course Online

Key Highlights Of This Microeconomics Free Course

What You Will Learn

Slide 1 of 2

Topic 1

Economics

Topic 2

Demand/Supply

Introduction to Economics

Understand how scarcity, models, and assumptions form the basis of economics, helping explain choices and behaviors in a resource-limited world.

Topics Covered & Explanations:

Defining Scarcity
Scarcity is the fundamental economic problem of having limited resources to meet unlimited wants. This concept underpins the need for choices and prioritization in resource allocation, affecting individuals, businesses, and governments alike. In this module, you’ll explore how scarcity drives economic decisions and why it's central to economic theory.
The Trade-Off Between Efficiency and Equity
This subtopic highlights the tension between maximizing total output (efficiency) and distributing resources fairly (equity). You'll learn how societies and policymakers balance these two objectives, and why improving one may compromise the other—an essential consideration in economic policy formulation.
Introduction to Economic Models
Economic models simplify reality to help analyze economic problems and predict outcomes. You'll understand how visual models like graphs and mathematical expressions are used to illustrate relationships between variables such as price and quantity, allowing clearer policy insights and market analysis.
Overview of Economic Assumptions
Assumptions in economics are simplifications that allow economists to construct models. You’ll learn why assumptions like “perfect rationality” or “ceteris paribus” are necessary to study cause-effect relationships without real-world complexity clouding the analysis.
Types of Assumptions
Explore different types of assumptions—behavioral, structural, and operational—used in economic modeling. This subtopic explains how each type shapes the model’s outcomes and usefulness, and the limitations they introduce in accurately representing real-world scenarios.

Microeconomics Free Course Certification

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Receive a signed and verifiable e-certificate from upGrad upon successfully completing the course.

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What Makes This Course A Smart Choice for Learners?

This free Economics Masterclass offers a clear, beginner-friendly introduction to core microeconomic principles like scarcity, trade-offs, demand-supply dynamics, and market equilibrium. Key benefits include:

✅ Free Learning Experience – Explore essential topics such as scarcity, efficiency vs equity, elasticity, and price determination without any cost. Perfect for students, professionals, and lifelong learners alike.

✅ Flexible and Self-Paced Course– Learn at your convenience with short, focused lessons and case-driven insights. Great for working professionals, exam aspirants, and busy students.

✅ Beginner-Friendly and No Prerequisites – All concepts are explained from scratch, using everyday examples and simple models, making it ideal for those with no prior background in economics.

✅ Concept-Driven and Curriculum-Aligned – Gain clarity on real-world economic issues through structured modules covering economic models, assumptions, demand-supply laws, and anomalies like Giffen goods.

✅ Foundation for Academic and Career Growth – Strengthen your knowledge of economic reasoning to boost academic performance, support policy analysis, or inform smart business decisions.

✅ Get a Free Certificate of Completion – Receive a free digital certificate upon course completion that verifies your knowledge of foundational microeconomics, which is perfect for resumes, job applications, or your LinkedIn profile.

Who Should Enroll in This Course?

This Microeconomics free course is designed for a wide range of learners eager to understand the fundamentals of economic systems and market dynamics. Ideal for:

✅ Students & Academic Aspirants – Undergraduates and postgraduates in economics, business, or related fields who want to build a strong foundation in microeconomic concepts.

✅ Business & Finance Professionals – Managers, analysts, and consultants looking to make data-driven decisions by understanding market forces, supply, and demand.

✅ Competitive Exam Aspirants – Individuals preparing for exams like UPSC, RBI Grade B, and other government assessments where a solid grasp of microeconomics is essential.

✅ Entrepreneurs & Startup Founders – Business owners looking to understand economic principles that drive consumer behavior, pricing strategies, and market competition.

✅ Lifelong Learners – Anyone interested in understanding how economic forces shape decisions, resources, and markets in today’s economy.

What Makes This Course Different From Other Courses?

This microeconomics free course doesn’t just explain theory—it empowers learners with applicable economic insights and real-world relevance. This course is designed to simplify complex ideas and strengthen decision-making through practical economics.

How We Compare to Other Platforms:

Feature	This Course (upGrad)	Other Platforms
Course Fee	✅ 100% Free Microeconomics Course	❌ Often behind a paywall or bundled in costly programs
Lifetime Access	✅ Unlimited access to course content	❌ Restricted by payment cycles or subscription limits
Certification	✅ Free digital certificate after course completion	❌ Certification usually requires paid upgrades
Foundational Depth	✅ Strong theoretical grounding + practical interpretation	❌ Often limited to surface-level concepts or summaries
Beginner-Friendly	✅ No prior economics knowledge needed	❌ Assumes academic background or prior coursework
Exam & Career Focus	✅ Aligned with UPSC, RBI, and business decision-making needs	❌ Less aligned with real-world application or exam prep

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Introduction to Microeconomics

Key Highlights Of This Microeconomics Free Course

Introduction to Economics

Microeconomics Free Course Certification

What Makes This Course A Smart Choice for Learners?

Who Should Enroll in This Course?

What Makes This Course Different From Other Courses?

How We Compare to Other Platforms:

Free vs. Paid Courses: What Sets Them Apart?

Frequently Asked Questions

Course Overview

Course Content & Certification

Conceptual Clarity & Theory

Learning Experience

upGrad Learner Support

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