Textbook and References:
1b. [ 9 / 7 ] Production Possibility Frontier
(JP)
(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)
• [ 9
/ 9 ]
Moon Festival Long Weekend (National Holiday)
2a. [ 9 /12] Gains from Trade
(JW) (Ch. 3[5e])
[Note special date!]
Experiment 1:
The LUPI Game (Results:
07F,
08F,
09F,
10F,
12F,
13F-HSS,
15F,
17F)
Experiment 2:
Gains from Trade
(Online Assignment) (In-Person Results:
07F,
08F,
09F,
10F,
15F)
ALL:
Optimization: Doing the Best You Can
(Ch. 3)
2b. [ 9 /16]
Supply and Demand (JP) (Ch. 4[7e])
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. [ 9 /23]
Elasticity (JW);
"Fixing" the
Market? Bad Idea! (JW)
Try analyzing
Elasticity in
Calculus 1!
ALL:
The Government in the Economy: Taxation and Regulation
(Ch. 10)
4. [
9 /30] Markets and Welfare (JP):
Application to Taxation
(JP)
Experiment 3:
Seeing the Invisible Hand (Results: 07F,
08F,
09F,
13F-HSS,
15F@p.12,
17F,
20F@p.7,
22F@p.32)
Experiment 4:
Elasticity (Online Assignment)
5. [10/ 7 ]
Markets and Welfare: Application to
and Trade (JP)
(Ch.
9[4e]);
Classical Market Failure: Externalities
(JP)
Experiment 5: (Online
Assignment) Price Control and Taxation (In-Person Results: Price Control
07F,
08F,
09F,
15F@p.7,
17F; Taxation
07F,
08F,
09F)
ALL:
Externalities and
Public Goods (Ch. 9)
Read about
The
Economics of Spam.
• [10/12] Quiz 1 (Ch. 1-10) [Note special date!]
6. [10/14]
Classical Market Failure: Public Goods and
Common Resources (JP)
Experiment 6: Externalities
and Taxation
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
7. [10/28]
Cost of Production
(JW)
Experiment 7:
Public Goods
Contribution (Results:
07F,
08F,
17F)
Experiment 8:
Chain Production
(Record sheet)
See
What the Firm Should Do.
ALL:
Sellers
and Incentives (Ch. 6)
8. [11/ 2 ]
Competitive Markets (JP)
[Note special date!]
ALL:
Perfect Competition and the Invisible Hand
(Ch. 7)
9. [11/ 4 ]
Monopoly
(JP)
and
Monopolistic Competition
(JP) (See also Monopolistic Competition
23F, JW)
Experiment
9: Perfect Competition
(Results: 22F@p.11-14)
Experiment
10:
Monopoly and Price Discrimination
(Results:
22F@p.11,21-23) (See also Paper and Pencil version
in 23F)
Read
Why Regulate Utilities?
ALL:
Monopoly (Ch.
12)
ALL:
Oligopoly
and Monopolistic Competition
(Ch. 14)
10.
[11/11]
Oligopoly (JP)
Experiment
11:
Duopoly 1 & 2 (Results: 07F results)
Read about
Possible Price-fixing by Taiwan CPC and FPC.
ALL:
Game Theory and
Strategic Play
(Ch. 13)
11.
[11/18]
Factor Markets
(JP);
Earnings and Discrimination (JP)
Experiment 12:
Screening and Educational Signaling
(in slides)
Experiment 13:
Location, Location, Location!
(Results:
TBA)
Experiment 14:
Labor Market Bargaining
(Results: TBA)
ALL:
Markets
for Factors of Production (Ch. 11)
12.
[11/25] Frontiers of Microeconomics (JW)
Experiment 15:
Price and Quantity Market
1 & 2 (Results: 22F@p.3-5,7)
(Optional) Experiment 16:
Simple Labor Market
(Results: TBA)
ALL:
Asymmetric Information
(Ch. 16)
ALL:
Political Economy (Web Chapter 3)
• [12/
2 ]
NTU Sports Day (Holiday)
• [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
13. [12/23]
Economics in the News
Income Inequality and Poverty; Design of the Tax System (Optional)
ALL:
Social Economics
(Ch. 18)
Last
modified on
2023-11-10