Intermediate Microeconomics - Fall 2014

Professor David Bjerk



Tutor office hours will be held every Sunday from 6:30 - 9:30 in Bauer Center 25.

Tutors: Tianxiao Ye (

Liza Farr (


Final will be held Wednesday December 17 at 7:00PM in the BC Forum.

Movie ("Living on One Dollar a Day") will be shown in Friday Sept 26th from 7-9PM in the BC Forum.

Extra Tutoring Session, Tuesday October 14, 7-8PM Bauer Center 23.

Additional Readings:

How Chained CPI Affects Social Security Cola (from US News and World Report)

Giffen Behavior and Subsistence Consumption (from American Economic Review)

Have Car Need Briefs? In Russia, Barter is Back (from New York Times)

You Can't Plan a Market (Chapter 3 from The White Man's Burdern by William Easterly)

Is there (Middle Class) Life after Maytag? (from New York Times)

Free: The Future of a Radical Price (Prologue and Chapter 5)

Free: The Future of a Radical Price (Chapter 8)

A Driving School in France Hits A Wall of Regulations (from New York Times)

As Biofuel Demand Grows, So Do Guatemala's Hunger Pangs (from New York Times)

As China Roars, Pollution Reaches Deadly Extremes (from the New York Times)

In Nature's Casino (from The New Yorker)

Powerpoint Slides:

Math Review

Budget Constraints

Preferences Note: I fixed a typo on page 10 (the technical definition of convex preferences)




Buying and Selling


Labor Supply

(midterm 1 covers through Labor Supply)

Intertemporal Choice

Market Demand

Problem Sets:

Problem Set 1 (due Monday, Sept 8) answers

Problem Set 2 (due Monday, Sept 15) answers

Problem Set 3 (due Monday, Sept 22) answers

Problem Set 4 (due Monday, Sept 29) answers

Problem Set 5 (due Monday, Oct 6) answers

Problem Set 6 (due Monday, Oct 13) answers

Additional Materials

Math Review Sheet

Midterm 1 Review Sheet

Practice Questions for Midterm 1 (answers)