Last year, I took both in my first semester. The professors make sure that the midterms aren't at the same time, and last year there was a 2 or 3 hours space between the two. Both midterms take place on saturday, unless you do the early write. The first 4 chapters in discussed in class are exactly the same, and the first midterms for both classes have a lot of similar content on it. After that the content becomes different. It wasn't confusing for me having both at the same time. As mentioned above 1B03 is easier than 1BB3.
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