Textbook and References:
2. [ 9 /13]
Production Possibility Frontier and
Gains from Trade (Ch. 2 and
Ch.
3,
blog2 and
blog3;
Ch. 2[4e],
Ch. 3[5e])
Experiment 2:
Gains from Trade (07F results,
08F results,
09F results,
10F results)
Videos:
Why Politicians Don't Cut Spending,
Opportunity Cost,
and
Trade Creates Wealth.
3. [ 9 /16]
Supply and Demand (Ch. 4,
blog4;
Ch. 4[6e]) [Note special
date!]
Experiment 3:
Seeing the Invisible Hand (07F results,
08F results,
09F results,
13F HSS results)
Curious about the trading rules used
in the real world? Read
Nasdaq in Fresh Market Failure,
Nasdaq's Facebook Problem,
How the
NYSE market really works, and
How BATS ruined its own IPO (all from Wall Street Journal).
4. [ 9 /27]
Elasticity;
"Fixing" the
Market? Bad Idea! (Ch. 5 and
Ch. 6,
blog5 and
blog6)
Experiment 4:
Price Control (07F results,
08F results,
09F results)
5. [10/
4 ]
Markets and Welfare:
Application to Taxation (Ch. 7
and
Ch. 8,
blog7 and
blog8)
Experiment 5:
Taxation (07F results,
08F results,
09F results)
6. [10/11] Markets and Welfare:
Application to
Trade (Ch. 9,
blog9;
Ch. 9[4e])
Experiment 6:
International Trade
(Paper on
the Law of One Price;
09F results)
7. [10/18]
Classical Market Failure:
Externalities
(Ch. 10,
blog10)
Experiment
7:
Public Goods Game (07F results,
08F results)
See how anonymity affects Dutch
church donation: a
field experiment
Classical Reading: Harold Demsetz, "The
Private Production of Public Goods,"
Journal of Law and
Economics,Vol.13,No.2.(Oct.,1970),pp.293-306.
•
[10/25] Midterm (3 hours: 9:10-12:10) - Ch.1-10
Midterm Sample Question,
Old Midterms:
Fall 2012,
Fall 2010, Fall
2009,
Fall 2008,
Fall 2007
8. [11/ 1 ]
Classical Market Failure: Public Goods and
Common Resources
(Ch. 11,
blog11)
Experiment 8:
A Tradable Permit Market (07F results,
08F results)
Further Reading: Rao and Riley (2012), "The
Economics of Spam", Journal of Economic Perspectives, 26(3):
87–110.
9. [11/ 8 ] Tradable Permit Market and Cost of Production (Ch. 13, blog13)
• [11/15] Holiday - NTU's Birthday
10. [11/22]
Competitive Markets
(Ch.
14,
blog14)
Experiment 9:
Bargaining
and Perfect Competition (08F results,
08F graduate
results)
Want to know what the firm is suppose to do? See
this video.
11. [11/29]
Monopoly
(Ch. 15,
blog15)
Experiment 10:
Monopoly, Cartel, and Price Discrimination
(07F results,
07F
audience)
Classical Reading: Harold Demsetz, "Why
Regulate Utilities?"
Journal of Law and
Economics,Vol.11,No.1.(Apr.,1968),pp.55-65.
12. [12/ 6 ]
Monopolistic Competition
(Ch.
16,
blog16)
Experiment 11:
A Price & Quantity Market (07F results)
13. [12/ 9 ]
Oligopoly (Ch. 17,
blog17) [Note
special date!]
Experiment
12:
Duopoly (07F results)
Interesting Paper on possible price fixing of Taiwan CPC
and FPC:
Lien and
Sheu (2008).
14. [12/20]
Factor Markets (Ch. 18,
blog18)
Experiment 13: Screening and Educational Signaling (in the
slides)
15. [12/27]
Wage Differentials
and Discrimination (Ch. 19,
blog19)
Experiment 15:
Labor Market Bargaining
•
[ 1
/ 3 ] Final Exam:
Cumulative, but focuses on the second half (Ch.11-19).
Old Finals:
Fall 2012,
Fall 2010,
Fall 2009,
Fall 2008,
Fall 2007
16. [ 1 /10]
Frontiers of (Micro-)Economics (Ch. 22,
blog22)
and
Information Markets (Holt, Ch. 34)
Experiment 14:
Location, Location, Location! (07F results)
NCCU
Prediction Markets Center (Presentation)
Last
modified on
July 12, 2014