Textbook and References:
1b. [ 9 /24] Production Possibility Frontier
(Ch.
2[4e])
Videos:
Why Politicians Don't Cut Spending,
Opportunity Cost,
and
Trade Creates Wealth.
ALL:
Economic Methods
and Economic Questions
(Ch.
2)
1c. [ 9 /27] Gains from Trade (Ch. 3[5e])
[Note special date!]
ALL:
Optimization: Doing the Best You Can
(Ch. 3)
2. [10/ 1 ]
Supply and Demand (Ch. 4[7e])
Experiment 2:
Gains from Trade (Results: 07F,
08F,
09F,
10F,
15F)
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. [10/
8 ]
Elasticity;
"Fixing" the Market? Bad Idea!
(Video on NTU COOL)
Try analyzing
Elasticity in
Calculus 1!
ALL:
The Government in the Economy: Taxation and Regulation
(Ch. 10)
4.
[10/15]
Markets and
Welfare
Experiment 3:
Seeing the Invisible Hand (Handout; Results: 07F,
08F,
09F,
13F-HSS,
15F@p.12,
17F,
20F@p.7)
5. [10/22]
Classical Market Failure: Externalities
Experiment 4:
Price Control (Results:
07F,
08F,
09F,
15F@p.7,
17F)
Experiment 5:
Taxation (Results:
07F,
08F,
09F)
ALL:
Externalities
and Public Goods (Ch. 9)
Read about
The
Economics of Spam.
6. [10/29]
Classical Market Failure: Public Goods and
Common Resources
Read how
Anonymity Affects
Donation and
Private Production of Public Goods.
ALL:
Trade (Ch.8)
7.
[11/ 5 ]
Markets and Welfare:
Application to Taxation
and Trade (Ch. 9[4e])
• [11/ 8 ] Quiz 1 (Ch. 1-11) [Note special date!]
• [11/12]
Midterm (180 minutes: 9:10am-12:10pm) - Ch.1-11
Old Midterms:
20F, 19F, 18F,
17F,
16F, 15F, 14F,
13F,
12F,
10F,
09F,
08F,
07F,
Sample
8.
[11/19]
Cost of Production
Experiment 6:
Chain Production (slides)
See
What the Firm Should Do.
ALL:
Sellers
and Incentives (Ch. 6)
9. [11/26]
Competitive Markets
Experiment 7:
Public
Goods Contribution (Results:
07F,
08F,
17F)
Experiment
8: Perfect Competition
(Results: TBA)
ALL:
Perfect Competition and the Invisible Hand
(Ch. 7)
10.
[12/ 1 ] Monopoly
[Note special date!]
Read
Why Regulate Utilities?
ALL:
Monopoly (Ch.
12)
• [12/ 3 ] NTU Sports Day Event (University Holiday)
11.
[12/ 8 ] Monopolistic Competition
[Note special date!]
ALL:
Oligopoly
and Monopolistic Competition
(Ch. 14)
12.
[12/10]
Oligopoly
Experiment
9:
Monopoly and Price Discrimination
(Results: TBA)
Read about
Possible Price-fixing by Taiwan CPC and FPC.
ALL:
Game Theory and
Strategic Play
(Ch. 13)
13. [12/17]
Factor Markets;
Wage Differentials and Discrimination
Experiment
10:
Duopoly 1 & 2 (Results: 07F results)
ALL:
Markets
for Factors of Production (Ch. 11)
14a. [12/24]
Wage Differentials and Discrimination
Experiment
11:
Labor Market Bargaining
(Results: TBA)
Experiment 12:
Screening and
Educational Signaling (in slides)
14b. [12/27]
Frontiers of Microeconomics
[Note special date!]
Experiment 13: A Price & Quantity Market (Results: TBA)
Experiment 14: Location, Location, Location! (Results:
TBA)
ALL:
Social Economics
(Ch. 18)
ALL:
Political Economy (Web Chapter 3)
• [12/29] Quiz 2 (Ch. 13-22) [Note special date!]
• [12/31] New Year's Eve (Holiday)
• [ 1 / 7
] Final Exam
(180
minutes:
9:10am-12:10pm) -
Cumulative, but focus on the second half (Ch. 13-22).
Old Finals:
20F,
19F, 18F,
17F,
16F,
15F,
14F,
13F,
12F,
10F,
09F,
08F,
07F
Last
modified on
2022-09-02