Self-Paced Online Principles of Microeconomics

Understand market behavior with ECON 201: Principles of Microeconomics at UND. Learn about supply and demand, economic scarcity, production costs, and market structures in this self-paced, 3-credit online course.

REGISTER NOW

Why take Principles of Microeconomics online?

Gain a strong foundation in microeconomics with ECON 201: Principles of Microeconomics, a self-paced online course from the University of North Dakota. This course explores how individuals, consumers, and firms make economic decisions, developing core analytical tools to understand:

• Consumer behavior and market demand
• Production, costs, and market structures (perfect competition, monopoly, and oligopoly)
• Government policies and their impact on markets

Through homework, quizzes, and real-world applications, you’ll develop quantitative reasoning skills to analyze data, interpret graphs, and make informed economic decisions—both in academic settings and everyday life. In each lesson module you will read from the textbook, view a series of recorded lectures that discuss the key concepts in that chapter, complete homework problems, and take a 10 minute quiz with 6 questions.

With 14 lesson modules and 3 proctored exams, you can complete this online course in as little as 3 months or take up to 9 months at your own pace. UND’s self-paced courses offer affordable, in-state tuition for all students with no additional fees. Enroll anytime and start learning today!

 

Course Outline

Lesson 1: What is Economics – Definition, Key Questions, and Economic Thinking
Lesson 2: The Economic Problem – PPF, Opportunity Cost, and Gains from Trade
Lesson 3: Supply and Demand – Market Equilibrium and Price/Quantity Changes
Lesson 4: Elasticity – Price, Cross, and Income Elasticity of Demand and Supply
Lesson 5: Exam 1 (Lessons 1-4)

Lesson 6: Efficiency – Resource Allocation, Marginal Benefit, and Marginal Cost
Lesson 7: Markets in Action – Price Ceilings, Price Floors, and Taxes
Lesson 8: Utility and Demand – Maximizing Utility and Demand Curves
Lesson 9: Indifference Curves and Demand – Consumption Possibilities and Preferences
Lesson 10: The Firm – Economic Profit, Efficiency, and Market Structures
Lesson 11: Exam 2 (Lessons 6-10)

Lesson 12: Cost Curves – Short-Run and Long-Run Costs and Product Curves
Lesson 13: Perfect Competition – Output, Price, and Profit in Different Time Frames
Lesson 14: Monopoly – Price, Output, and Profit in the Short and Long Run
Lesson 15: Monopolistic Competition & Oligopoly – Pricing, Output, and Market Strategies
Lesson 16: Externalities – Positive and Negative Externalities in Production and Consumption
Lesson 17: Final Exam (Cumulative)

Meet Professor Goenner

What is the required textbook for ECON 201?

Microeconomics by Michael Parkin, 12th edition. Older editions are also acceptable.

• ISBN: 978-0133872293

How will the course appear on my transcript?

You may enroll at any time and have up to 9 months to complete this online course. The credits earned will be recorded on your UND transcript based on the date you registered for the course. It will appear on your transcript in the same way as a course taken during a regular semester. There is no indication that the course was taken online or that you completed it at your own pace. 

Consult the table on our How Enroll Anytime Courses Work page for a current listing of Enroll Anytime Registration Dates and the semester information that will appear on a UND transcript.

Why Take Online Classes at UND?

Here are a few reasons why you should take an online enroll anytime course at UND:

• Great customer service – Our registration team is ready to answer questions quickly so you can focus on your coursework.
• Affordable – UND's enroll anytime courses are priced at North Dakota's affordable, in-state tuition rate.
• Accredited – UND is accredited by the Higher Learning Commission.
• Easily transfer credits – Transferring credits is always at the discretion of the institution to which the credits are being transferred. In general, credits from schools/universities that are regionally accredited by the Higher Learning Commission transfer to other regionally accredited institutions. UND's online courses appear on your UND transcript in the same way as other courses.

Flexible 100% Online Course

You'll take this online course at your own pace. Some students thrive in this environment, while other students may struggle with setting their own deadlines. If you have successfully taken an independent study or correspondence course previously, UND’s enroll anytime courses may be right for you. Still not sure? Take our online quiz to help determine if online enroll anytime courses are right for you.

Course information including tuition, technology requirements, textbooks, lessons and exams is subject to change without notice.