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 :Greg's office hours : T 9:00-10:00, Th 1:15-2:15. University Hall 4225 / Zoom and 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.(Due 9/24) Solutions for Problem Set 1 (Due 10/8) Solutions for Problem Set 2 (Due 10/20) Solutions for Chapter 8 Solutions for Chapter 9 (Due 11/5) Solutions for Problem Set 4 (Due 11/12) Solutions for Problem Set 5 (Due 12/3) Solutions for Problem Set 6 Solutions for Problem Set 7 Exercises
Exercises - Chapter 1 Exercises - Chapter 2 Exercises - Chapter 3 Exercises - Chapter 4 Exercises - Chapter 5 Exercises - Chapter 6 Exercises - Chapter 7 Exercises - Chapter 8 Exercises - Chapter 9 Exercises - Chapter 10 Exercises - Chapter 11 Exercises - Chapter 12 Exercises - Chapter 13 Exercises - Chapter 14 Exercises - Chapter 15 Exercises - Chapter 16 Exercises - Chapter 17 Exercises - Chapter 18 For final, can skip problems 3,4 from chapter 9. Problem 2 from chapter 10. Problem 5 from chapter 13. Problems 2,4 from chapter 17.
Schedule
Week 1: Bundles & Budget (Chapter 1)
Week 2: Binary Relations (Chapter 2)
Weekly quiz on 9/3 . Chapter 2 Week 3 (9/8, 9/10): Binary Relations (Chapter 2), Preferences (Chapter 3)
Weekly quiz on 9/10 . Chapter 3 Week 4 (9/15, 9/17) Preferences (Chapter 3), Utility (Chapter 4)
Weekly quiz on 9/17 . Chapter 4 & 5 Week 5 (9/22, 9/24): Utility (Chapter 4), Well Behaved Preferences (Chapter 5)
No quiz this week.
Week 6 (9/29, 10/1): Constrained Optimization (Chapter 6), Demand (Chapter 7)
Weekly quiz on 9/29 . Chapter 6 & 7 Raw Class Notes 10/1 Week 7 (10/6, 10/8): Slutsky Decomposition (Chapter 8), Buying/Selling (Chapter 9).
Weekly quiz on 10/6 . Chapter 8 & 9
Raw Class Notes 10/6 Raw Class Notes 10/8 9:55 Raw Class Notes 10/8 11:50 Midterm 10/15 Chapters 1-8
Problem set exercises similar to things that might appear on the exam :Week 8 (10/13, 10/15) Review & Midterm Covers Chapters 1-8
Raw Class Notes 10/13 9:55 Raw Class Notes 10/13 11:50 Week 9 (10/20, 10/22): Market Demand and Elasticity (Chapter 10) Equilibrium (Chapter 11)
Weekly quiz on 10/22 . Chapter 11 Raw Class Notes 10/20 9:55 Raw Class Notes 10/20 11:50 Week 10 (10/27, 10/29): Production (Chapter 12), Cost Minimization (Chapter 13)
Weekly quiz on 10/27 . Chapter 12 & 13 Raw Class Notes 10/27 9:55 Video Lecture Raw Class Notes 10/29 9:55 Raw Class Notes 10/29 11:50 Week 11 (11/3, 11/5): Profit Maximization: Price Taking (Chapter 14), Monopoly (Chapter 15)
Weekly quiz on 11/3 . Chapter 14 & 15 Raw Class Notes 11/3 9:55 Raw Class Notes 11/3 11:50 Raw Class Notes 11/5 9:55 Raw Class Notes 11/5 11:50 Week 12 (11/10, 11/12) Monopoly (Chapter 15), Price Discrimination (Chapter 16)
Weekly quiz on 11/10 . Chapter 16 Raw Class Notes 11/10 9:55 Raw Class Notes 11/10 11:50 Raw Class Notes 11/10 Both Week 13 (11/17, 11/19): Oligopoly Models of Competition (Chapter 17)
Weekly quiz on 11/17 . Chapter 17 Raw Class Notes 11/17 9:55 Raw Class Notes 11/17 11:50 Raw Class Notes 11/19 Both Week 14 (11/24, X 11/26 Thanksgiving Holiday): Exchange (Chapter 18)
Weekly quiz on 11/24 . Chapter 18 Video Lecture Raw Class Notes 11/19 Both Week 15 (12/1, 12/3): Exchange (Chapter 18), Externalities (Chapter 19), Review
Weekly quiz on 12/1 . Chapter 19
Raw Class Notes 12/1 Both Raw Class Notes 12/3 9:55 Raw Class Notes 12/3 11:50 Final Exam Chapters 9-18
LMU Final Exam Schedule
Other Resources
Some Old Exam Questions Spring 2025 Midterm Exam Spring 2025 Midterm Exam Solution Practice Final Practice Final Solutions