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.
This class will be conducted in a flipped classroom style. Class time will be devoted to problem-solving, applications, and active learning exercises. However, there will also be some short lectures. Students should review lecture notes before class.
Grading will be based on the following distribution: 35% Midterm exam, 35% Final exam, 15% Homework, 15% Weekly quizzes.
Quiz Policy
Weekly quizzes are intended encourage reading before class. The quizzes will consist of a few relatively easy questions to test your comprehension of the weekly readings. To account for absences, illness, or other conflicts, the lowest 5 quiz scores will be dropped automatically.
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: Monday/Wednesday 9:55-11:35 (UNH 3111)
Section 02: Monday/Wednesday 11:55-1:30 (UNH 2001)
Greg's office hours: T 9:00-10:00, Th 1:15-2:15. University Hall 4225 or by Appointment.
Textbook
Course Notes
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 9/24)
Exercises - Chapter 1
Exercises - Chapter 2
Exercises - Chapter 3
Problem Set 2. Exercises from Chapters 4-5.(Due TBA)
Exercises - Chapter 4
Exercises - Chapter 5
Problem Set 3. Exercises from Chapters 6-7.(Due TBA)
Problem Set 4. Exercises from Chapters 8-10.(Due TBA)
Problem Set 5. Exercises from Chapters 11-12.(Due TBA)
Problem Set 6. Exercises from Chapters 13-15.(Due TBA)
Problem Set 7. Exercises from Chapters 16-18.(Due TBA)
Other Resources
A Bunch of Old Exam Questions
Schedule
Week 1: Bundles \& Budget (Chapter 1)
No quiz this week.
8/25 - I lectured on some of the content from Chapter 1.
8/27 - We worked through Exercises - Chapter 1.
Week 2: Binary Relations (Chapter 2)
Weekly quiz on 9/3. Chapter 2
9/3 - I lectured on some of the content from Chapter 2 and we worked through Exercises - Chapter 2.
Week 3 (9/8, 9/10): Binary Relations (Chapter 2), Preferences (Chapter 3)
9/8 - We continued Exercises - Chapter 2.
Weekly quiz on 9/10. Chapter 3
9/10 - I will lecture on some of Chapter 3 and we will start Exercises - Chapter 3.
Week 4 (9/15, 9/17) Preferences (Chapter 3), Utility (Chapter 4), Well Behaved Preferences (Chapter 5)
9/15 - We continued Exercises - Chapter 3.
Weekly quiz on 9/17. Chapter 4 & 5
9/17 - I will lecture on some of Chapter 4 , we will finish Exercises - Chapter 3 and start Exercises - Chapter 4.
Week 5 (9/22, 9/24): Well Behaved Preferences (Chapter 5), Constrained Optimization (Chapter 6)
9/22 - No Class. Please complete chapter 4 and 5 exercises.
9/24 - Weekly quiz on 9/24. Chapter 6
Week 6 (9/29, 10/1): Demand (Chapter 7), Slutsky Decomposition (Chapter 8)
Week 7 (10/6, 10/8): Buying/Selling (Chapter 9), Intertemporal Choice (Chapter 10).
Midterm 10/15 Chapter 1-10
Week 8 (10/13, 10/15) Review \& Midterm Covers Chapters 1-10
Week 9 (10/20, 10/22): Market Demand (Chapter 11) Equilibrium (Chapter 12)
Week 10 (10/27, 10/29): Technology and Production (Chapter 13)
Week 11 (11/3, 11/5): Cost Minimization (Chapter 14) Profit Maximization Price Taking (Chapter 15)
Week 12 (11/10, 11/12) Monopoly (Chapter 16), Price Discrimination (Chapter 17)
Week 13 (11/17, 11/19): The Cournot Model of Competition (Chapter 18)
Week 14 (11/24, X 11/26 Thanksgiving Holiday): Exchange (Chapter 19)
Week 15 (12/1, 12/3): Exchange (Chapter 19), Review
Final Exam (See Schedule Below).