This paper explores the problems and potentials of teaching a college-level economics course by computer using an electronic text supplemented with an electronic lab. The course is currently under development at the University of Minnesota, Duluth. The current prototype course uses a paper text with a computer simulation model of the U.S. and world economies and a self-correcting laboratory with individually developed lessons. Each lesson has an infinite number of self-generated quizzes each with ten questions. Eventually, the course will have an electronic text coupled with a video lecture series. The paper will explore briefly the potential cost savings to the institution of this mechanism for learning and teaching.