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: TBA 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.
Exercises - Chapter 1
Exercises - Chapter 2
Exercises - Chapter 3
Problem Set 2. Exercises from Chapters 4-5.
Problem Set 3. Exercises from Chapters 6-7.
Problem Set 4. Exercises from Chapters 8-10.
Problem Set 5. Exercises from Chapters 11-12.
Problem Set 6. Exercises from Chapters 13-15.
Problem Set 7. Exercises from Chapters 16-18.
Schedule
Week 1: Bundles \& Budget (Chapter 1)
No quiz this week.
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 9/3. Chapter 3
Week 4 (9/15, 9/17) Utility (Chapter 4), Well Behaved Preferences (Chapter 5)
Week 5 (9/22, 9/24): Constrained Optimization (Chapter 6), Demand (Chapter 7)
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).
Week 8 (10/13, 10/15) Spring Break
Week 9 (10/20, 10/22): Review \& Midterm Covers Chapters 1-10
Week 10 (10/27, 10/29): Market Demand (Chapter 11) Equilibrium (Chapter 12)
Week 11 (11/3, 11/5): Technology and Production (Chapter 13)
Week 12 (11/10, 11/12) Cost Minimization (Chapter 14) Profit Maximization Price Taking (Chapter 15)
Week 13 (11/17, 11/19): Monopoly (Chapter 16)
Week 14 (11/24, X 11/26 Thanksgiving Holiday): Price Discrimination (Chapter 17), The Cournot Model of Competition (Chapter 18)
Week 15 (12/1, 12/3): The Cournot Model of Competition (Chapter 18), Review
Final Exam (See Schedule Below).