Textbook and References:
1b. [ 9 /16]
Production Possibility Frontier
(Ch. 2[4e])
[Note special
date!]
Videos:
Why Politicians Don't Cut Spending,
Opportunity Cost,
and
Trade Creates Wealth.
ALL:
Economic Methods and Economic
Questions (Ch.
2)
1c. [ 9 /18] Gains from Trade (Ch. 3[5e])
Experiment 2:
Gains from Trade (Results: 07F,
08F,
09F,
10F,
15F)
ALL:
Optimization: Doing the Best You Can
(Ch. 3)
2. [ 9 /25]
Supply and Demand (Ch. 4[7e])
Experiment 3:
Seeing the Invisible Hand (Group
Record and
Handout; Results: 07F,
08F,
09F,
13F-HSS,
15F@p.12,
17F,
20F@p.7)
WSJ reading:
Nasdaq Fresh Market Failure,
Nasdaq Facebook Problem,
How NYSE really works, and
How BATS ruined its own IPO.
ALL:
Demand, Supply and
Equilibrium
(Ch. 4)
3. [ 9 /26]
Elasticity
[Note special
date!]
Experiment 5:
Taxation (Results:
07F,
08F,
09F)
Try analyzing
Elasticity in
Calculus 1!
• [10/ 2 ] Mid Autumn Festival Long Weekend (Holiday)
4. [10/
5 ] "Fixing"
the Market? Bad Idea! [Note special
date!]
ALL:
The Government in the Economy: Taxation and Regulation
(Ch. 10)
• [10/ 9 ] Double-Tenth Long Weekend (National Holiday)
5a. [10/12] Markets and Welfare (notes7, blog7)
5b. [10/16] Markets and
Welfare: Application to Taxation
Experiment 4:
Price Control (Results:
07F,
08F,
09F,
15F@p.7,
17F)
Experiment 7:
Public Goods Contribution
(paper
version slides and
record sheet) (Results: 07F,
08F,
17F)
6. [10/23] Classical Market Failure:
Externalities
Experiment 6:
A Tradable
Permit Market (slides) (Past Results: 07F,
08F)
[Tradable Permit Market Exam Question]
ALL:
Externalities
and Public Goods (Ch. 9)
Read about
The
Economics of Spam.
7. [10/30]
Classical Market Failure: Public Goods and
Common Resources; Markets and Welfare:
Application to Trade (Ch. 9[4e])
Read how
Anonymity Affects
Donation and
Private Production of Public Goods.
ALL:
Trade (Ch.8)
• [11/ 6 ] Quiz 1 (Ch. 1-11)
• [11/13]
Midterm (180 minutes: 9:10am-12:10pm) - Ch.1-11
Old Midterms:
19F, 18F,
17F,
16F, 15F, 14F,
13F,
12F,
10F,
09F,
08F,
07F,
Sample
• [11/20] NTU Sports Day Event (University Holiday)
8a.[11/23]
Cost of Production
[Note special
date!]
See
What the Firm Should Do.
ALL:
Sellers
and Incentives (Ch. 6)
8b.[11/25] Cost of Production [Note special date!]
9. [11/27]
Competitive Markets
Experiment 8:
Chain Production (slides)
ALL:
Perfect Competition and the Invisible Hand
(Ch. 7)
10a[11/30] Monopoly
[Note special
date!]
Read Why
Regulate Utilities?
ALL:
Monopoly (Ch.
12)
10b[12/
4 ] Monopolistic Competition
Experiment 1a:
The LUPI Game Revisited
(Largest Unique!!)
Experiment
9: Perfect Competition
(Results: TBA)
Experiment
10: Monopoly and Price Discrimination
(Results: TBA)
ALL:
Oligopoly and Monopolistic Competition
(Ch. 14)
11. [12/11]
Oligopoly
and
Factor Markets
Experiment 11: A Price & Quantity Market (Results: TBA)
Experiment
12:
Duopoly 1 & 2 (Results: 07F results)
Read about
Possible Price-fixing by Taiwan CPC and FPC.
ALL:
Game Theory and
Strategic Play
(Ch. 13)
12. [12/18]
Wage Differentials and Discrimination;
Income Inequality and Poverty
Experiment 13: Screening and
Educational Signaling (in slides)
ALL:
Markets
for Factors of Production (Ch. 11)
13. [12/25]
Frontiers of (Micro-)Economics
Experiment 14: Location, Location, Location! (Results:
TBA)
Experiment
15: Labor Market Bargaining
(Results: TBA)
ALL:
Social Economics
(Ch. 18)
ALL:
Political Economy (Web Chapter 3)
• [ 1/ 1 ] New Year Day (Holiday)
• [ 1/ 8 ] Quiz 2 (Ch. 13-22)
• [ 1/15] Final Exam
(180
minutes:
9:10am-12:10pm) -
Cumulative, but focus on the second half (Ch. 13-22).
Old Finals:
19F, 18F,
17F,
16F,
15F,
14F,
13F,
12F,
10F,
09F,
08F,
07F
Last
modified on
2020-12-10