Principles of Microeconomics (個體經濟學原理與實驗)

 


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NTU (Fall 2021)

Course Syllabus

Office Hours: Friday 12:10-1pm after class, or by email appointment at Social Science Building (頤賢館) Room 754

Classroom and Time:

Lecture: Friday 9:10am-12:10pm at Liberal Education Classroom Building (博雅教學館) Room 103

TA Session 1: Monday 12:20-1:10am at same classroom by TA

TA Session 2: Wednesday 12:20-1:10am at same classroom

Textbook and References:

Course outline:

1a. [ 9 /22] Ten Principles of Economics (Ch. 1[4e]) [Note special date!]
        
 Experiment 1: The LUPI Game (Results: 07F, 08F, 09F, 10F, 12F, 13F-HSS, 15F, 17F)
          Ten Principles of Economics, Translated - by Yoram Bauman (Transcript; 10th Anniversary Ed.)
          ALL: The Principles and Practices of Economics (Ch.1) - Note the emphasis on Empiricism!

1b. [ 9 /24] Production Possibility Frontier (Ch. 2[4e])
        Videos: Why Politicians Don't Cut Spending, Opportunity Cost, and Trade Creates Wealth.
        ALL:
Economic Methods and Economic Questions (Ch. 2)

1c. [ 9 /27] Gains from Trade (Ch. 3[5e]) [Note special date!]
         ALL: Optimization: Doing the Best You Can (Ch. 3)

 2.  [10/ 1 ] Supply and Demand (Ch. 4[7e])
         Experiment 2: Gains from Trade (Results: 07F, 08F, 09F, 10F, 15F)
         WSJ: 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.  [10/ 8 ] Elasticity; "Fixing" the Market? Bad Idea! (Video on NTU COOL)
         Try analyzing Elasticity in Calculus 1!
         ALL: The Government in the Economy: Taxation and Regulation (Ch. 10)

 4.  [10/15] Markets and Welfare
       
 Experiment 3: Seeing the Invisible Hand (Handout; Results: 07F, 08F, 09F, 13F-HSS, 15F@p.12, 17F, 20F@p.7)

 5.  [10/22] Classical Market Failure: Externalities
         Experiment 4: Price Control (Results: 07F, 08F, 09F, 15F@p.7, 17F)
         Experiment 5: Taxation (Results: 07F, 08F, 09F)
         ALL: Externalities and Public Goods (Ch. 9)
         Read about The Economics of Spam.

 6.  [10/29] Classical Market Failure: Public Goods and Common Resources
         Read how Anonymity Affects Donation and
Private Production of Public Goods.
         ALL:
Trade (Ch.8)

 7.  [11/ 5 ] Markets and Welfare: Application to Taxation and Trade (Ch. 9[4e])

 •   [11/ 8 ] Quiz 1 (Ch. 1-11) [Note special date!]

 •   [11/12] Midterm (180 minutes: 9:10am-12:10pm) - Ch.1-11
       
Old Midterms: 20F, 19F, 18F, 17F, 16F, 15F, 14F, 13F, 12F, 10F, 09F, 08F, 07F, Sample

 8. [11/19] Cost of Production
       
 Experiment 6: Chain Production (slides)
         See
What the Firm Should Do.
      
ALL:
Sellers and Incentives (Ch. 6)

 9. [11/26] Competitive Markets
         Experiment 7: Public Goods Contribution (Results: 07F, 08F, 17F)
         Experiment 8: Perfect Competition (Results: TBA)
         ALL:
Perfect Competition and the Invisible Hand (Ch. 7)

10. [12/ 1 ] Monopoly [Note special date!]
       Read Why Regulate Utilities?
       ALL: Monopoly (Ch. 12)

 •   [12/ 3 ] NTU Sports Day Event (University Holiday)

11. [12/ 8 ] Monopolistic Competition [Note special date!]
         ALL:
Oligopoly and Monopolistic Competition (Ch. 14)

12. [12/10Oligopoly
         Experiment 9: Monopoly and Price Discrimination (Results: TBA)
         Read about
Possible Price-fixing by Taiwan CPC and FPC.
         ALL:
Game Theory and Strategic Play (Ch. 13)

13. [12/17] Factor Markets; Wage Differentials and Discrimination
         Experiment 10: Duopoly 1 & 2 (Results: 07F results)

         ALL: Markets for Factors of Production (Ch. 11)

14a. [12/24] Wage Differentials and Discrimination
         Experiment 11: Labor Market Bargaining (Results: TBA)
         Experiment 12: Screening and Educational Signaling (in slides)

14b. [12/27] Frontiers of Microeconomics [Note special date!]
         Experiment 13: A Price & Quantity Market (Results: TBA)
         Experiment 14: Location, Location, Location! (Results: TBA)
         ALL:
Social Economics (Ch. 18)
         ALL: Political Economy (Web Chapter 3)

 •   [12/29] Quiz 2 (Ch. 13-22) [Note special date!]

 •   [12/31] New Year's Eve (Holiday)

 •   [ 1 / 7 ] Final Exam (180 minutes: 9:10am-12:10pm) - Cumulative, but focus on the second half (Ch. 13-22).
         Old Finals: 20F, 19F, 18F, 17F, 16F, 15F, 14F, 13F, 12F, 10F, 09F, 08F, 07F


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Last modified on 2021-12-25