UMD ECON 200: Principles of Microeconomics
ECON 200 is UMD's introductory microeconomics — supply and demand, elasticity, consumer and firm behavior, and market structures — a large-lecture requirement across the economics, business, and public policy pipelines.
Fennie is independent and not affiliated with University of Maryland. This is an unofficial study guide.
Build my ECON 200 study planWhat makes it hard
Grades ride on exams that test application: shift the correct curve, compute the elasticity, compare market structures under time. The concepts feel transparent in lecture, which is exactly why students skip the graph practice — and the exams are constructed to find them.
What you'll cover
- • Supply, demand, and equilibrium
- • Elasticity
- • Consumer and producer surplus
- • Costs of production
- • Perfect competition and monopoly
- • Market failures and policy
The ECON 200 study guide
How to study for UMD ECON 200, step by step.
- 1
Make practice questions the study unit
ECON 200 exams test doing — shifts, calculations, comparisons — from the first midterm. Study time belongs in question practice, not note review, from week one.
- 2
Hand-draw the graphs until automatic
Supply-demand shifts, surplus regions, cost curves: recognizing a correct graph is easy, producing the reasoning is what's graded. Drawing by hand is the bridge.
- 3
Drill elasticity for speed and meaning
The computations are simple and everywhere, and exams reward pace. Practice until the number and its interpretation arrive together without hesitation.
- 4
Build a market-structures comparison page
Perfect competition through monopoly — assumptions, demand curves, outcomes, efficiency — side by side. Comparison questions are a fixture and crammed models blur together.
- 5
Let Fennie pace the reps
Upload your ECON 200 syllabus and Fennie's Daily Plan spreads graph and problem practice across the chapters with exam-format quizzes generated from the actual material before each test. Free to start.
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How Fennie helps with ECON 200
Fennie's Daily Plans pace ECON 200's chapters with the graph-drawing and problem reps its exams actually grade, scheduled ahead of each test. Chat through curve shifts and market-structure comparisons until the reasoning is fast, then drill in exam format with questions built from your actual course content.
FAQ
Is ECON 200 at UMD hard?
Conceptually moderate, but exams reward applied speed with graphs and scenarios under time. Students who practice in question format consistently outperform note-rereaders — the gap is wide and predictable.
Should I take ECON 200 before ECON 201?
That's the recommended order at UMD — micro first, then macro. ECON 200's curve mechanics and reasoning style also make 201's models land faster.
How do I study for ECON 200 exams?
Timed practice questions: curve shifts, elasticity computations, market-structure comparisons. Draw the graphs by hand until automatic, because the exams test producing the reasoning, not recognizing the picture.
Pass ECON 200 with a plan, not a cram
Upload your ECON 200 materials and Fennie generates a Daily Plan paced to your deadline — plus chat, flashcards, and quizzes built from the actual course content.
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