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# Econ 3012

## Notes

Class Notes

Class Notes (Small Screen Version)

## Intro

This is the course website for Vanderbilt Economics 3012. This course focuses on the formal analysis of the behavior of individuals and firms and how these behaviors aggregate in a market. We will analyze market performance and determine how performance is influenced by various changes. This page will be continuously updated throughout the semester. *Please check it on a regular basis*.

## Mathematical Level

Some concepts and formulas from differential calculus will be used, but most of the presentations, homework and exams will involve diagrams, algebra and analytic reasoning. A review of the relevant mathematical concepts will occur on the first day of class.

## Problem Sets

Problem sets will consist of selections from problems in the workouts book, as well as problems I have written. The problem sets will be posted on this page in the schedule below. I encourage working on the homework in groups. The homework will be graded by the teaching assistant.

## Exams and Grading

There will be one midterm and a final exam. They are tentatively placed in the schedule below. Grading will be based 30% on midterm exam, 50% on the final exam, and 20% on homework.

## Office Hours / Teaching Assistant

Greg's office hours: *TBA*. TA: *TBA*.

## Assignments

## Schedule

### Week 0: Overview of Syllabus & Chapter, Budget Constraint.

### Week 1:

Budget Constraint, Preferences.
Please Read: Review of Functions.

### Week 2:

Preferences, Utility.

### Week 3:

Choice.

### Week 4:

Demand.

### Week 5:

Slutsky Equation, Buying and Selling

### Week 6:

Buying and Selling, Intertemporal Choice

### Week 7:

Market Demand

### Midterm Exam (Monday March 21st)

**Midterm exam** covering material up to and including Market Demand. Key Concepts- **Updated for Spring 22**.

Copy of 2022 Midterm

### Week 8:

**Midterm Exam**, Equilibrium

### Week 9:

Equilibrium

### Week 10:

echnology, Profit Maximization

### Week 11:

Cost Minimization, Firm Supply

### Week 12:

Industry Supply, Monopoly

### Week 13:

Monopoly Behavior

### Week 14:

Oligopoly

## Final Exam (Cumulative) *Saturday, May 7 9:00-11:00am. Calhoun 337*

Key Concepts- **Updated for Spring 22**.

## Additional Resources

Extra Practice Problems

Selected Solutions for Practice Problems (Updated 12/15/2021)

**Problems Relevant to 2022 Final:** 1,2,3,4,5,6,7,8,11,12,15,16,17,18,19,20,21,22 (Except D,E),23,24,25,26 (Only D,E),27,28 (Except B,D),32