Accurately assessing the influence of light/dark changes on the productivity of microalgal cultures is currently a complicated task that requires the use of a set of differential equations. A simple, algebraic equation that allows quantifying the effect of the frequency of light on the photosynthetic response of microalgae under varying light is presented and evaluated. The equation was derived from a particular case of the mechanistic model proposed by Camacho Rubio et al. (2003) [1]. The algebraic equation is demonstrated in this work to be a rapid method that allows characterizing the dynamic photosynthetic response of Muriellopsis sp. The parameters obtained using this method (Pmax = 8.22·10−7 mol O2 g−1 s−1, α = 1.82·10−4 mol photon m−2 s−1, β = 15.3 s−1, κ = 0.0402, at 25 °C, where Pmax is the maximum rate of photosynthesis, α is the saturation constant, β is the characteristic frequency and κ is a shape factor of the photosynthesis-irradiance curve) are very close to the values obtained using the original model proposed by Camacho Rubio et al., which is based on differential equations. The proposed new equation requires a reduced set of experiments that can be carried out under easy-to-attain conditions (continuous light and short flashes), and a straightforward, subsequent calculation of the dynamic parameters of photosynthesis. It can be used as a time-saving, efficient method to optimize the light regime for microalgal production.