Online CoursesEconomics 201: Introduction to Microeconomics
Economics 201, Introduction to Microeconomics. The pedagogical approach in Introduction to Microeconomics online is aid learning by providing many different but mutually reinforcing learning materials. In that spirit, the course authors offer a multifaceted approach to learning that includes a textbook, other additional readings, online video streaming lectures, individualized problem sets, practice quizzes, and an asynchronous discussion forum.
Online Economics 201, has been completed successfully by thousands of MSU students over its decade-long existence. The course, which is required for many academic majors, covers the important topics in modern microeconomics, including the functioning of markets, and the determination of output, prices, and costs. Great emphasis is placed on comparing and contrasting competitive and monopoly models of production and distribution, and their consequences for social welfare. Students will explore the reasons for and consequences of international trade, beginning with the principle of comparative advantage, and including analysis of the social gains from trade. Finally, the course includes the analysis of market failure, with examples taken from externalities (neighborhood effects), common property resources, as well as a series of information failures.
All exams will be administered via D2L using a lockdown browser and remote proctoring service. Students must have access to a webcam and microphone. The system is compatible with Windows (10, 8, 7), Mac (MacOS 10.15 to 10.12, OS X 10.11, OSX 10.10), and iPad (iOS 11.0+). The system is not compatible with Chromebooks. Alternate arrangements must be approved by the instructor within the first week of the course.