LMU Intermediate Micro - 3100
This is the course website for LMU Economics 3100. This page will be continuously updated throughout the semester. Please check it regularly.
3100 focuses on the formal analysis of the behavior of individuals and firms and how they interact.
There will be one midterm and a final exam. They are tentatively placed in the schedule below. Grading will be based 40% on the midterm exam, 40% on the final exam, and 20% on homework.
Policies
The Academic Honesty policies apply to this course. For policies regarding accommodations and disabilities, please see the DSS website.
Times
Class Meetings:
Section 01: Tuesday/Thursday 9:55-11:35 (UNH 3222)
Section 02: Monday/Wednesday 9:55-11:35 (Pereira 140)
Greg's office hours: Monday 8:55-9:55 or Thursday 11:35-12:35pm in University Hall 4225 or by Appointment.
Textbook
Course Notes (Updated 5/2/2025)
Updates
4/27/2025 Solutions added through problem set 5.
4/29/2025 Added additional practice problems from old exams.
4/30/2025 Added all solutions for additional practice problems.
5/2/2025 All solutions now posted.
Problem Sets
There will be a problem set due roughly every two weeks. You can turn in your problem sets on the due date by submitting a scan on brightspace. The exercises are available in a dedicated section of course notes Please check the table of contents for a hyperlink to the exercises. Solutions will be posted shortly after the due date.
Problem Set 1. Exercises from Chapters 1-3. Due: 2/6
Problem Set 2. Exercises from Chapters 4-5. Due: 2/20
Problem Set 3. Exercises from Chapters 6-7. Due: 2/28
Problem Set 4. Exercises from Chapters 8-10. Not Due
Problem Set 5. Exercises from Chapters 11-12. Due: 4/2
Problem Set 6. Exercises from Chapters 13-15. Due: 4/29
Problem Set 7. Exercises from Chapters 16-18. Due: 5/8
Schedule
Week 1 (1/13): Calculus (Appendix A), Bundles & Budget (Chapter 1)
Raw Notes: 1/13, 1/14, 1/15, 1/16
MLK Holiday (No Class 1/20)
Week 2 (1/20): Bundles & Budget (Chapter 1), Binary Relations (Chapter 2)
Raw Notes: 1/22, 1/23
Week 3 (1/27): Binary Relations (Chapter 2), Preferences (Chapter 3)
Raw Notes: 1/27, 1/28 1/29 1/30
Week 4 (2/3): Utility (Chapter 4), Well Behaved Preferences (Chapter 5)
Raw Notes: 2/3, 2/4 2/5 2/6
Week 5 (2/10): Constrained Optimization (Chapter 6), Demand (Chapter 7)
Raw Notes: 2/10, 2/11 2/12 2/13
Week 6 (2/17): Demand (Chapter 7), Slutsky Decomposition (Chapter 8).
Raw Notes: 2/17, 2/18 2/19 2/20
Week 7 (2/24): Buying/Selling (Chapter 9), Intertemporal Choice (Chapter 10).
Raw Notes: 2/24, 2/25 2/26 2/27
Week 8 (3/3): Spring Break Week
Week 9 (3/10): Review & Midterm
Raw Notes: 3/10, 3/11
Midterm (3/12 & 3/13) Covers Chapters 1-10
Week 10 (3/17): Market Demand (Chapter 11)
3/17, 3/18 3/19, 3/20
Week 10 (3/24): Equilibrium (Chapter 12)
3/24, 3/25 3/26, 3/27
Cesar Chavez Day (No Class 3/31 & 4/1)
Week 10 (3/31): Technology and Production (Chapter 13)
4/2, 4/3
Week 11 (4/7): Cost Minimization (Chapter 14) Profit Maximization Price Taking (Chapter 15)
4/7, 4/8, 4/9, 4/10
Week 12 (4/14): Monopoly (Chapter 16)
4/14, 4/15
Easter (No Class 4/16,4/17)
Week 13 (4/21): Price Discrimination (Chapter 17), The Cournot Model of Competition (Chapter 18)
4/21, 4/22, 4/23, 4/24
Week 14 (4/28): The Cournot Model of Competition (Chapter 18), Review
4/28 4/29 4/30 5/1
Week 15 (5/4): Review
5/5, 5/5
Final Exam (See Schedule Below).
- For M/W Class: Wednesday May 14 8am.
- For T/Th Class: Friday May 9 11am.
Here is an example of an old exam for reference. You can ignore the first type of question. I will not ask that type of question this year. Spring 2024 Exam