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Free Microeconomics Course Online with Certificate - 2025

Master the fundamentals of Microeconomics with this free course. Understand scarcity, economic models, market forces, and key concepts driving individual and business decision-making in modern economies.

3 hours of learning

Economic Models

Analytical Skills

Demand

For enquiries call:
18002102020
Introduction to Microeconomics

Key Highlights Of This Microeconomics Free Course

What You Will Learn

Demand and Supply

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

Earn and Share Your Certificate

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

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Where Can This Free Microeconomics Course Take You?

Learn how markets work, why prices change, and how people make decisions with this free online microeconomics course. Gain useful skills, apply what you learn in real life, and get a free certificate to show off your knowledge.

Key benefits of free microeconomics course,

  • Build a Solid Foundation in Market Analysis and Decision-Making: This microeconomics course helps you understand how markets operate, enabling better business and personal financial decisions.
  • Learn How Pricing, Demand, and Supply Impact Businesses and Consumers: Through this microeconomics online course, you’ll explore key concepts that influence everyday economic choices and business strategies.
  • Strengthen Your Resume with a Verified Certificate: Completing this free online microeconomics course gives you a certificate you can showcase on your resume or LinkedIn profile, enhancing your professional credibility.
  • Apply Economic Principles to Solve Real Problems: Learn to use economic reasoning and tools to analyze business scenarios, policy impacts, and consumer behavior effectively.
  • Prepare Careers in Economics, Business, Consulting, and Finance: This free online microeconomics course equips you with the knowledge and analytical skills necessary for roles in finance, consulting, business analysis, and economic research.

Key Features of upGrad’s Free Microeconomics Course

Check out the main features of this free online microeconomics course. Learn at your own pace, understand key concepts like supply, demand, and market structures, see real-world examples, and earn a verified certificate, all for free.

  • 100% Free Learning with Verified Certificate: Take this free online microeconomics course at no cost and earn a certificate you can showcase on your resume, LinkedIn, or portfolio.
  • Beginner-Friendly and Self-Paced: This microeconomics course is designed for learners from any background. Study at your own pace, whenever it fits your schedule.
  • Comprehensive Microeconomics Curriculum: Explore key concepts like supply and demand, elasticity, production, and different market structures through this microeconomics online course.
  • Real-World Examples and Case Studies: Understand how microeconomics applies in everyday business decisions, policymaking, and consumer behavior.
  • Flexible and Accessible Learning: Access all lessons anytime, anywhere, on mobile, tablet, or desktop, making it easy to learn without interruptions.

Skills You Will Gain in This Free Microeconomics Course

Learn key economic concepts and practical skills with this free online microeconomics course to make smarter decisions and analyze real-world markets. 

Key skills you will gain  

  • Understand Scarcity & Resource Allocation: Learn how limited resources shape choices for individuals, businesses, and governments. 
  • Analyze Efficiency vs. Equity: Evaluate economic decisions for both fairness and productivity. 
  • Use Economic Models: Interpret graphs, charts, and models to study demand, supply, and price behavior. 
  • Apply Economic Assumptions: Understand how simplifications like “ceteris paribus” guide real-world analysis. 
  • Demand & Supply Insights: Predict market effects and consumer behavior from shifts in supply and demand. 
  • Developing Analytical Skills: Make informed decisions and solve problems in business, policy, and economics.

Who Should Enroll in This Free Microeconomics Course?

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

This Free Microeconomics Course is 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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Frequently Asked Questions on Free Microeconomics Course

1. What is a Microeconomics course?

A microeconomics course is a beginner-friendly program that teaches how individuals, businesses, and governments make decisions with limited resources. You’ll learn concepts like supply, demand, pricing, and market behavior that explain real-world economic choices. 

2. Why is Microeconomics important?

Understanding microeconomics is key for analyzing how prices and market forces affect businesses and consumers. This knowledge from a microeconomics online course can help you make smarter decisions in business, policy, or personal finance. 

3. 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 

4. 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.

5. How do I register for this free Microeconomics course?

Registration is simple. Just sign up on upGrad’s platform and start your free online microeconomics course immediately. No payment or prior experience is required. 

6. Do I need a background in economics?

No, you don’t. This microeconomics online course is created for learners of all backgrounds, so you can start with the basics and build your knowledge step by step.

7. Is the course available internationally?

Yes! Anyone from anywhere in the world can join this free online microeconomics course. All you need is internet access to start learning. 

8. Will I get a certificate after completing the course?

Yes, you’ll earn a free, verified certificate when you finish the microeconomics course. This certificate can boost your resume or LinkedIn profile. 

9. Is the certificate recognized by employers?

Definitely. upGrad certificates from this microeconomics online course are trusted by recruiters and can enhance your credibility when applying for jobs or internships. 

10. Can I share my certificate online?

Yes, you can. Showcase your certificate on LinkedIn, in your portfolio, or in your job applications to highlight your learning achievements from this free online microeconomics course. 

11. How long does it take to complete this free Microeconomics course?

The course is short and designed to be completed in just three hours. You can learn at your own pace through this microeconomics online course, revisiting lessons anytime. 

12. Is the course truly free with no hidden fees?

Yes, it’s completely free. This free online microeconomics course comes with no charges for access or certification, so you can focus on learning without worrying about costs. 

13. How can learning Microeconomics help my career?

It builds analytical and decision-making skills that are useful in business, finance, consulting, and policy roles. Completing this microeconomics course can make you more confident in understanding markets and making informed decisions. 

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