Learn Basic Economics Online for Free

Basic economics is a widely available subject that is offered for free through many reputable institutions. This article covers module specifics, materials provided and course formatting associated with three institutions' free economics courses. Schools offering Economics degrees can also be found in these popular choices.

Overview of Free Online Basic Economics Lessons

Basic economics can be learned for free online from many different institutions and services. Though there are two main focuses within economics, microeconomics and macroeconomics, most introductory courses mainly cover microeconomics, since the principles and history taught in it are later applied on a larger scale in macroeconomics. Most online, introductory courses for economics entail video lectures, additional readings, and practice questions to ensure your understanding of each module within the course.

Massachusetts Institute of Technology

MIT offers an introductory, open course-ware (OCW) class entitled 'Principles of Microeconomics' focusing on key theories and concepts that serve as the foundation for the study of economics. The course has an abundance of free resources and materials tailor-made for independent study, including an online alternative to the textbook, video lectures, quizzes, and exams. The only prerequisite for the course is an understanding of single variable calculus, which MIT also provides for free as an OCW class. Upon completion of the course, you will probably have covered topics such as:

  • Supply and demand
  • Consumer theory
  • Welfare economics
  • Equity and efficiency

Khan Academy

Khan Academy is an online, non-profit resource that offers a wide array of free online courses, including Microeconomics. The course is formatted with various video lectures, presentation slides, and practice problems. Although it isn't required, creating an account may be beneficial since Khan Academy also provides free online assistance via forums for any additional questions you may have while taking the course. This course does not require any additional materials or prerequisites. Some of the topics you may study in this course include:

  • Scarcity
  • Elasticity
  • Game theory
  • Economic profit

Hillsdale College

Hillsdale offers the online course 'Economics 101: The Principles of Free Market Economics', in a video lecture format that covers the foundations of economics. This course addresses economics through the lens of American history, analyzing major events like the Great Depression to provide context to the theories and concepts upon which economics is founded. Aside from video lectures, which are also available in audio-only formats, this class provides quizzes to check your understanding upon the completion of a module, as well as additional reading materials that are free to access and download. Upon finishing the final exam, you can receive a certificate of completion. Some topics commonly covered in this course include:

  • The role of profit
  • Monetary theory
  • Keynesianism
  • Supply and equilibrium

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

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