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

 


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NTU (Fall 2019)

Course Syllabus

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

Classroom and Time:

Lecture: Friday 9:10am-12:10pm 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:

 1a. [ 9 / 9 ] Ten Principles of Economics (notes1, blog1; Ch. 1[4e]) [Note special date!]
        
 Experiment 1: The LUPI Game (Results: 07F, 08F, 09F, 10F, 12F, 13F-HSS, 15F, 17F, 19F)
          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!

 1b. [ 9 /11] Production Possibility Frontier (notes2, blog2; 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 /13] Mid Autumn Festival (Holiday)

1c. [ 9 /16] Gains from Trade (notes3, blog3; 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)

2a. [ 9 /20] Supply and Demand (notes4, blog4; Ch. 4[7e])
       
 Experiment 3: Seeing the Invisible Hand (Results: 07F, 08F, 09F, 13F-HSS, 15F@p.12, 17F)
         WSJ reading: 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)

2b. [ 9 /23] Supply and Demand (notes4, blog4; Ch. 4[7e]) [Note special date!]

 3.  [ 9 /27] Elasticity; Nobel Perspectives Live! (notes5, blog5)
         Try analyzing Elasticity in Calculus 1!

 4.  [10/ 4 ] "Fixing" the Market? Bad Idea!; Markets and Welfare (notes6 and notes7, blog6 and blog7)
         ALL: The Government in the Economy: Taxation and Regulation (Ch. 10)

 •   [10/11] Double-Tenth Long Weekend (National Holiday)

 5.  [10/18] Markets and Welfare: Application to Taxation and Trade (notes8 and notes9, blog8 and blog9; Ch. 9[4e])
       
 Experiment 4: Price Control (Results: 07F, 08F, 09F, 15F@p.7, 17F)
         ALL:
Trade (Ch.8)

 •   [10/23] Quiz 1 (Ch. 1-9)

 6.  [10/25] Classical Market Failure: Externalities (notes10, blog10)
         Experiment 5: Taxation (Results: 07F, 08F, 09F)
        
Experiment 7: Public Goods Contribution and Irrigation Game (Results: 07F, 08F, 17F)
         ALL: Externalities and Public Goods (Ch. 9)
         Read about The Economics of Spam.

 7.  [11/ 1 ] Classical Market Failure: Public Goods and Common Resources (notes11, blog11)
         Experiment 6: A Tradable Permit Market (Past Results: 07F, 08F) [Tradable Permit Market Exam Question]
         Read how Anonymity Affects Donation and
Private Production of Public Goods.

 •   [11/ 8 ] Midterm (180 minutes: 9:10am-12:10pm) - Ch.1-11
       
Old Midterms: 18F, 17F, 16F, 15F, 14F, 13F, 12F, 10F, 09F, 08F, 07F, Sample

8a. [11/11] Ten Principles of Taiwanese Economics  [Note special date!]

8b. [11/13] Cost of Production (notes13, blog13 [Note special date!]
         See What the Firm Should Do.
       
ALL:
Sellers and Incentives (Ch. 6)

 •   [11/15] NTU Anniversary (Holiday)

 9.  [11/22] Cost of Production and Competitive Markets (notes13 and notes14, blog13 and blog14)
         Experiment 8: Happy Production (Results: 18F)
         ALL:
Perfect Competition and the Invisible Hand (Ch. 7)

10. [11/29] Monopoly and Monopolistic Competition (notes15 and notes16, blog15 and blog16)
         
Experiment 9: Perfect Competition and Monopoly (Results: TBA)
       
Read Why Regulate Utilities?
        ALL: Monopoly (Ch. 12) and Oligopoly and Monopolistic Competition (Ch. 14)

11. [12/ 6 ] Oligopoly and Factor Markets (notes17 and notes18, blog17 and blog18)
        Experiment 10: Monopoly and Price Discrimination (Results: TBA)
       
Experiment 11: A Price & Quantity Market (Results: TBA)
        Experiment 12: Duopoly (Results: 07F results)
         Read about
Possible Price-fixing by Taiwan CPC and FPC.
         ALL:
Game Theory and Strategic Play (Ch. 13)

12. [12/13] Wage Differentials and Discrimination (notes19, blog19); Income Inequality and Poverty (notes20, blog20)
         Experiment 13: Screening and Educational Signaling (in slides)
         ALL:
Markets for Factors of Production (Ch. 11)

13. [12/20] Frontiers of (Micro-)Economics (notes22, blog22)
         Experiment 14: Location, Location, Location! (Results: TBA)
         Experiment 15: Labor Market Bargaining (Results: TBA)
         ALL:
Social Economics (Ch. 18)
         ALL: Political Economy (Web Chapter 3)

 •   [12/27] Quiz 2 (Ch. 13-22)

 •   [ 1/ 3 ] Final Exam (180 minutes: 9:10am-12:10pm) - Cumulative, but focus on the second half (Ch. 13-22).
         Old Finals: 18F, 17F, 16F, 15F, 14F, 13F, 12F, 10F, 09F, 08F, 07F

14. [ 1/10] Economics in the News (old)


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Last modified on 2020-07-22