Intermediate Microeconomic Theory (Econ 303)

This course develops the tools necessary to analyze the decisions made by consumers and firms. Consumer theory topics include preferences, utility, optimal consumption under a budget constraint and aggregate demand. On the producer side, we cover profit maximization, cost minimization, perfect competition, monopolies and oligopolies. We also cover concepts of equilibrium, externalities, efficiency and social welfare. The course is structured similarly to Hal Varian's Intermediate Microeconomics: A Modern Approach. The course is always taught as a chalk talk: no slides, we work through everything on the board.


Fall 2018 Syllabus

Problem Sets

Below are problem sets developed for the class. Note that my problem set questions are typically harder than exam questions. Solutions to the problem sets are available to current students on the course Blackboard site.

Problem Set 1
Problem Set 2
Problem Set 3
Problem Set 4
Problem Set 5
Problem Set 6
Problem Set 7
Problem Set 8

Past Exams

Below are links to past exams and complete solutions to those exams. UC Davis exams are a combination of multiple choice questions and free response questions. William and Mary exams are all free response questions.

UC Davis exams with solutions
William and Mary exams with solutions

I have also created a practice exam generator that creates a three-question exam with randomly chosen past exam questions from the chapters of your choosing. You can try out the practice exam generator here.