2. [9/18]
Production Possibility Frontier and
Gains from Trade (Ch. 2 and
Ch.
3,
blog2 and
blog3;
Old Chapter 2,
Old Chapter 3)
Experiment 2:
Gains from Trade (07F results,
08F results,
and
your results)
Homework Solutions:
Ch.2,
Ch.3
3. [9/25]
Supply and Demand (Ch. 4,
blog4)
Experiment 3:
Seeing the Invisible Hand (07F results,
08F results, and
your results)
Homework Solutions:
Ch.4
Curious about the trading rules used
in the real world? Read
How the
NYSE market really works (from the Wall Street Journal).
4. [10/2]
Elasticity;
"Fixing" the
Market? Bad Idea! (Ch. 5 and
Ch. 6,
blog5 and
blog6)
Experiment 4:
Price Control (07F results,
08F results, and
your results)
Homework Solutions:
Ch.5,
Ch.6
5. [10/9]
Markets and Welfare:
Application to Taxation (Ch. 7
and
Ch. 8,
blog7 and
blog8)
Experiment 5:
Taxation (07F results,
08F results)
Homework Solutions:
Ch.7,
Ch.8
• [10/12]
The
Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009
awards research in the
economics of governance (non-market transactions)
Note
Greg Mankiw's take on what happened (or should had happened) to the prize...
6. [10/16] Markets and Welfare:
Application to
Trade (Ch. 9,
blog9;
Old Chapter 9)
Experiment 6:
International Trade
(Paper on
the Law of One Price and
your results)
Homework Solutions:
Ch.9
7. [10/23] Classical Market Failure:
Externalities
(Ch. 10,
blog10)
Experiment
7:
Public Goods Game (07F results,
08F results)
Homework Solutions:
Ch.10
Classical Reading: Harold Demsetz, "The
Private Production of Public Goods,"
Journal of Law and
Economics,Vol.13,No.2.(Oct.,1970),pp.293-306.
8. [10/30]
Classical Market Failure: Public Goods
(Ch. 11,
blog11)
Experiment 8:
A Tradable Permit Market (07F results,
08F results)
Homework Solutions:
Ch.11
9. [11/6]
Theory of Consumer Choice,
Tradable Permit Markets and
Information Markets (Ch.21,
blog21
and Holt, Ch. 34)
Homework
Solutions:
Ch.21
NCCU
Prediction Markets Center (Presentation)
• [11/13]
Midterm (3 hours:
9:10-12:10)
Midterm Sample Question,
Old Midterms:
Fall 2007,
Fall 2008
10. [11/20]
Cost of Production (Ch. 13,
blog13)
Homework
Solutions:
Ch.13
Want to know what the firm is suppose to do? See
this
video.
11. [11/27]
Competitive Markets (Ch. 14,
blog14)
Experiment 9:
Bargaining
and Perfect Competition (08F results,
08F graduate
results)
Homework Solutions:
Ch.14
12. [12/4 ]
Monopoly (Ch. 15,
blog15)
Experiment 10:
Monopoly, Cartel, and Price Discrimination (07F results,
07F
audience, and your results)
Homework Solutions:
Ch.15
Classical Reading: Harold Demsetz, "Why
Regulate Utilities?"
Journal of Law and
Economics,Vol.11,No.1.(Apr.,1968),pp.55-65.
13. [12/11]
Monopolistic Competition (Ch.
16)
Experiment 11:
A Price & Quantity Market (07F results)
Homework Solutions:
Ch.16
14. [12/18]
Oligopoly (Ch. 17)
Experiment
12:
Duopoly (07F results)
Homework Solutions:
Ch.17
Interesting
Paper on possible price fixing of Taiwan CPC and FPC:
Lien and
Sheu (2008).
15. [12/25]
Factor Market,
Wage Differentials
and Discrimination (Ch. 18 and
Ch. 19)
Experiment 13: Education Signaling
Homework Solutions: Ch.18,
Ch.19
Some Interesting Facts about
Income
Inequality (See pp.12-22; from Pf. Luoh's class)
16. [1/8]
Asymmetric Information,
Political Economy and Behavioral Economics (Ch. 22)
Experiment 14:
Location, Location, Location! (07F results)
Homework Solutions: Ch.22
• [1/15]
Final Exam:
Cumulative, but focuses on the second half (Ch.13-22).
Old Finals:
Fall 2007,
Fall 2008
Online Resources:
1. Gregory Mankiw:
Textbook and
blog
2. R. Preston McAfee: Textbook and
website
3. Charlie Holt:
Textbook and
website
4. AEA's
Undergraduate Economics
Last
modified on
March 11, 2010