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

 


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NTU (Fall 2022)

Course Syllabus

Office Hours: Friday 9:20-10:20am before class, or by email appointment at Social Science Building (頤賢館) Room 754

Classroom and Time:

Lecture: Friday 10:20am-1:10pm 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:

 1.  [ 9 / 5 ] Ten Principles of Economics (old) (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!

 •   [ 9 / 9 ] Moon Festival Long Weekend (National Holiday)

2a. [ 9 /12] Production Possibility Frontier (old) (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)

2b. [ 9 /14] Gains from Trade (old) (Ch. 3[5e]) [Note special date!]
       
 Experiment 2: Gains from Trade (Results: 07F, 08F, 09F, 10F, 15F)
         ALL: Optimization: Doing the Best You Can (Ch. 3)

 3.  [ 9 /16] Supply and Demand (old) (Ch. 4[7e])
         Experiment 3: Seeing the Invisible Hand (Handout; Results: 07F, 08F, 09F, 13F-HSS, 15F@p.12, 17F, 20F@p.7)
         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)

 4.  [ 9 /23] Elasticity (old); "Fixing" the Market? Bad Idea! (old)
       
 Experiment 4: Price Control (Results: 07F, 08F, 09F, 15F@p.7, 17F)
         Try analyzing Elasticity in Calculus 1!
         ALL: The Government in the Economy: Taxation and Regulation (Ch. 10)

 5.  [ 9 /30] Markets and Welfare (old): Application to Taxation (old) and Trade (old) (Ch. 9[4e])
       
 Experiment 5: Taxation (Results: 07F, 08F, 09F)

 6.  [10/ 7 ] Classical Market Failure: Externalities (old)
         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.

 •   [10/12] Quiz 1 (Ch. 1-10) [Note special date!]

 7.  [10/14] Classical Market Failure: Public Goods and Common Resources (old)
         Experiment 7: Public Goods Contribution (Results: 07F, 08F, 17F)
         Read how Anonymity Affects Donation and
Private Production of Public Goods.
         ALL:
Trade (Ch.8)

 •   [10/21] Midterm (170 minutes: 10:20am-1:10pm) - Ch.1-11
       
Old Midterms: 21F, 20F, 19F, 18F, 17F, 16F, 15F, 14F, 13F, 12F, 10F, 09F, 08F, 07F, Sample

 8.  [10/28] Cost of Production (old)
       
 Experiment 8: Chain Production (slides)
         See What the Firm Should Do.
      
ALL:
Sellers and Incentives (Ch. 6)

 9.  [11/ 2 ] Competitive Markets (old) [Note special date!]
         ALL: Perfect Competition and the Invisible Hand (Ch. 7)
         Experiment 9: Perfect Competition (Results: TBA)

10a.[11/ 4 ] Monopoly (old)
       ALL: Monopoly (Ch. 12)
       Read Why Regulate Utilities?

10b.[11/ 7 ] Monopolistic Competition (old) [Note special date!]
         Experiment 10: Monopoly and Price Discrimination (Results: TBA)
         Experiment 11: A Price & Quantity Market (Results: TBA)
         ALL:
Oligopoly and Monopolistic Competition (Ch. 14)

11. [11/11] TA Session: MobLab Experiments on Various Market Structure

12. [11/18] Oligopoly (old)
         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)

13. [11/25] Factor Markets (old); Earnings and Discrimination (old)
         Experiment 13: Screening and Educational Signaling (in slides)
         ALL:
Markets for Factors of Production (Ch. 11)

14a.[11/30] Frontiers of Microeconomics (old) [Note special date!]
         Experiment 14: Labor Market Bargaining (Results: TBA)
         ALL: Asymmetric Information
(Ch. 16)

 •   [12/ 2 ] NTU Sports Day (Holiday)

14b.[12/ 5 ] Frontiers of Microeconomics (old) [Note special date!]
         Experiment 15: Location, Location, Location! (Results: TBA)
         ALL:
Political Economy (Web Chapter 3)

 •   [12/ 9 ] Quiz 2 (Ch. 13-19)

 •   [12/16] Final Exam (170 minutes: 10:20am-1:10pm) - Cumulative, but focus on the second half (Ch. 12-22).
         Old Finals: 21F, 20F, 19F, 18F, 17F, 16F, 15F, 14F, 13F, 12F, 10F, 09F, 08F, 07F

15. [12/23] Economics in the News; Income Inequality and Poverty; Design of the Tax System (Optional)
         ALL: Social Economics (Ch. 18)


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Last modified on 2022-08-08