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

 


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NTU (Fall 2014)

Course Syllabus

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

Classroom and Time:

Lectures: Friday 9:10am-12:10pm at Liberal Education Classroom Building Room 202  (博雅教學館202教室)

Review Sessions: Monday 10:20am-12:10am at same classroom, by TA  陳淑梅 (r02323063 "at" ntu.edu.tw)

Textbook and References:

Course outline:

 1.  [ 9 /15] Ten Principles of Economics (Ch. 1, blog1; Ch. 1[4e], Ch. 1[5e]) [Note special date!]
        
Experiment 1: The LUPI Game (07F results, 08F results, 09F results, 10F results, 12F results, 13F HSS 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 /19] 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)
        Videos: Why Politicians Don't Cut Spending, Opportunity Cost, and Trade Creates Wealth.

 3.  [ 9 /26] Supply and Demand (Ch. 4, blog4; Ch.4, Ch. 4[6e])
       
 Experiment 3: Seeing the Invisible Hand (07F results, 08F results, 09F results, 13F HSS results)
        Curious about the trading rules used in the real world?  Read Nasdaq in Fresh Market Failure, Nasdaq's Facebook Problem,
How the NYSE market really works, and How BATS ruined its own IPO (all from Wall Street Journal).

 4.  [10/ 3 ] 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/ 6 ] Markets and Welfare: Application to Taxation (Ch. 7 and Ch. 8, blog7 and blog8)  [Note special date!]
       
 Experiment 5: Taxation (07F results, 08F results, 09F results)

 •   [10/10] Holiday

 •   [10/17] Quiz 1

 6.  [10/24] 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.  [10/27] Classical Market Failure: Externalities (Ch. 10, blog10) [Note special date!]
        
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.  [10/31] 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/ 7 ] Tradable Permit Market and Cost of Production (Ch. 13, blog13)
        Want to know what the firm is suppose to do?  See this video.

 •   [11/14] Midterm (3 hours: 9:10-12:10) - Ch.1-11
       
Midterm Sample Question, Old Midterms: Fall 2013, Fall 2012, Fall 2010, Fall 2009, Fall 2008, Fall 2007

10. [11/21] Competitive Markets (Ch. 14, blog14) and Information Markets (Holt, Ch. 34)
         Experiment 9: Bargaining and Perfect Competition (08F results, 08F graduate results)
        NCCU Prediction Markets Center (Presentation)

11. [11/28] 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.

12. [12/ 5 ] Monopolistic Competition (Ch. 16, blog16)
         
Experiment 11: A Price & Quantity Market (07F results)

13. [12/12] Oligopoly (Ch. 17, blog17)
         Experiment 12: Duopoly (07F results)
        Interesting Paper on possible price fixing of Taiwan CPC and FPC:
Lien and Sheu (2008).

14. [12/19] Factor Markets, Wage Differentials and Discrimination (Ch. 18 and Ch. 19, blog18 and blog19)
         Experiment 13: Screening and Educational Signaling (in the slides)
         Experiment 15: Labor Market Bargaining

15. [12/26] Frontiers of (Micro-)Economics (Ch. 22, blog22)
        
Experiment 14: Location, Location, Location! (07F results)

 •   [12/27] Quiz 2

 •   [ 1 / 9 ] Final Exam: Cumulative, but focuses on the second half (Ch.13-22, excluding Ch. 20-21).
         Old Finals: Fall 2013, Fall 2012, Fall 2010, Fall 2009, Fall 2008, Fall 2007

16. [ 1 /16] Economics in the News; Theory of Consumer Choice (Ch.21, blog21)


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Last modified on 五月 31, 2015