Principles of Economics I: Microeconomics (經濟學原理與實驗一)

 


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NTU (Fall 2012)

Course Syllabus

Office Hours: Friday 12:10-1:10pm after class, or by email appointment at 社學院研究大樓 Room 425

Classroom and Time:

Lectures: Friday 9:10am-12:10pm at 博雅102

Review Sessions: Monday 10:20am-12:10am at 博雅102, by TA Mateus Lee (李文基) (d96323007 “at” ntu.edu.tw)

Textbook and References:

Course outline:

 1. [ 9 /10] Ten Principles of Economics (Ch. 1, blog1; Ch. 1[4e], Ch. 1[5e])
        
Experiment 1: The LUPI Game (07F results, 08F results, 09F results, 10F results, and your results)
          Ten Principles of Economics, Translated - by Yoram Bauman (Mankiw's Blog Entry and Transcript)
        Ten Principles of Economics, 10th Anniversary Edition (with addendum on climate change)
        See Yoram's take on the financial crisis (with subtitle, transcript) and
his Comic Guide to Economics (Traditional Chinese)

 2. [ 9 /14] Production Possibility Frontier and Gains from Trade (Ch. 2 and Ch. 3, blog2 and blog3; Ch. 2[4e], Ch. 3[5e])
       
 Experiment 2: Gains from Trade (07F results, 08F results, 09F results, 10F results)

 3. [ 9 /21] Supply and Demand (Ch. 4, blog4; Ch. 4[6e])
       
 Experiment 3: Seeing the Invisible Hand (07F results, 08F results, 09F results)
        Curious about the trading rules used in the real world?
        Read Nasdaq's Facebook Problem,
How the NYSE market really works, and How BATS ruined its own IPO (all from Wall Street Journal).

 4. [ 9 /28] Elasticity; "Fixing" the Market? Bad Idea! (Ch. 5 and Ch. 6, blog5 and blog6)
       
 Experiment 4: Price Control (07F results, 08F results, 09F results)

 5. [10/ 5 ] Markets and Welfare: Application to Taxation (Ch. 7 and Ch. 8, blog7 and blog8)
       
 Experiment 5: Taxation (07F results, 08F results, 09F results)

 6. [10/12] Markets and Welfare: Application to Trade (Ch. 9, blog9; Ch. 9[4e])
        
Experiment 6: International Trade (Paper on the Law of One Price; 09F results)

 7. [10/19] Classical Market Failure: Externalities (Ch. 10, blog10)
        
Experiment 7: Public Goods Game (07F results, 08F results)
        See how anonymity affects Dutch church donation: a field experiment
         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. [10/26] Classical Market Failure: Public Goods and Common Resources (Ch. 11, blog11)
   
    Experiment 8: A Tradable Permit Market (07F results, 08F results)
       Further Reading: Rao and Riley (2012), "The Economics of Spam",
Journal of Economic Perspectives, 26(3): 87–110.

 9. [11/2] Information Markets (Holt, Ch. 34)
 
       NCCU Prediction Markets Center (Presentation)

10. [11/9] Theory of Consumer Choice and Cost of Production (Ch.21, blog21)

•    [11/16] Midterm (3 hours: 9:10-12:10)
       
Midterm Sample Question, Old Midterms: Fall 2010, Fall 2009, Fall 2008, Fall 2007

11. [11/23] Cost of Production (Ch. 13, blog13)

12. [11/26] Competitive Markets (Ch. 14, blog14) [Note special date!]
         Experiment 9: Bargaining and Perfect Competition (08F results, 08F graduate results)
        Want to know what the firm is suppose to do?  See
this video.

13. [12/ 7 ] Monopoly (Ch. 15, blog15)
        
Experiment 10: Monopoly, Cartel, and Price Discrimination (07F results, 07F audience)
       
 Classical Reading: Harold Demsetz, "Why Regulate Utilities?"
                               
Journal of Law and Economics,Vol.11,No.1.(Apr.,1968),pp.55-65.

13. [12/14] Monopolistic Competition (Ch. 16, blog16)
         
Experiment 11: A Price & Quantity Market (07F results)

14. [12/21] Oligopoly (Ch. 17, blog17)
         Experiment 12: Duopoly (07F results)
        Interesting Paper on possible price fixing of Taiwan CPC and FPC:
Lien and Sheu (2008).

15. [12/22] Factor Markets and Wage Differentials and Discrimination (Ch. 18 and Ch. 19, blog18 and blog19) [Note special date!]
         Experiment 13: Education Signaling (new experiment!)
        Some Interesting Facts about Income Inequality (See pp.11-24; from Pf. Luoh's class)

16. [12/28] Frontiers of (Micro-)Economics (Ch. 22, blog22)
        
Experiment 14: Location, Location, Location! (07F results)

 •   [ 1 / 4 ] Quiz and last TA session [Note special date!]

 •   [ 1 /11] Final Exam: Cumulative, but focuses on the second half (Ch.13-22).
         Old Finals: Fall 2010, Fall 2009, Fall 2008, Fall 2007


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Last modified on December 31, 2012