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.
Students living within 75 miles of East Lansing are expected to take the exams on campus. Students who cannot take the exams at the East Lansing campus due to distance constraints must make alternative arrangements. These alternatives include proctoring by an MSU instructor for students enrolled in a study abroad program, by base personnel for students serving in the U.S. military, by a certified testing center or by a college or university testing center.. A list of certified testing centers may be found at http://www.ncta-testing.org/find-a-cctc-participant. Note that testing centers may charge a fee for their services, or have restricted hours of operation. These are the only testing options available, and only students able to use one of these options should enroll. No exams, except as listed above, will be given outside the United States.