Many institutions in higher education are experimenting with hybrid teaching approaches to undergraduate courses. Online resources may provide a number of advantages to students as compared to in-class approaches. Research regarding the effectiveness of hybrid approaches is mixed and still accumulating. This paper discusses the use of a hybrid teaching approach for a Managerial Economics class. Identical multiple-choice questions from previous semesters are used to compare student performance in hybrid classes versus traditionally taught classes. Results suggest that student performance is lower in hybrid classes as compared to traditional classes. The differing student performance suggests that the complexity of material in some courses may not be suitable for a hybrid approach.