Course Information
Course title
Principle of Economics (with Recitation) (1) 
Semester
107-1 
Designated for
 
Instructor
JOSEPH TAO-YI WANG 
Curriculum Number
ECON1004 
Curriculum Identity Number
303E13111 
Class
04 
Credits
4.0 
Full/Half
Yr.
Full 
Required/
Elective
Elective 
Time
Monday 5(12:20~13:10) Wednesday 5(12:20~13:10) Friday 3,4,5(10:20~13:10) 
Remarks
The upper limit of the number of students: 250.
The upper limit of the number of non-majors: 150. 
Ceiba Web Server
http://ceiba.ntu.edu.tw/1071ECON1004_04 
Course introduction video
 
Table of Core Capabilities and Curriculum Planning
Association has not been established
Course Syllabus
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Course Description

[For the complete info, please refer to http://homepage.ntu.edu.tw/~josephw/principles_micro_18F.htm ]

This is the introductory class for the principles of microeconomics. It serves as an introduction of economics to an audience that are not familiar with Calculus. (Those who have took Calculus should consider taking intermediate microeconomics instead.) One interesting feature of this class is there will be various classroom experiments throughout the semester, and students are expected to participate actively in them.

This is a course taught in English, and all assignments are in English. If you feel that you would be in a disadvantaged position, please take other principles classes instead.  

Course Objective
The Goal of this class is to introduce how economists think (without the math required for microeconomics), and, help you think like an economist! Specifically, we will see how economists observe real world phenomenon, build simplified models of reality, derive theories to provide policy advice, and test implications with empirical or experimental data. 
Course Requirement
There are no prerequisites for this course. 
Student Workload (expected study time outside of class per week)
 
Office Hours
Fri. 13:20~14:20 
Designated reading
Textbook: Mankiw, Principles of Economics, 8th ed., Cengage Technology Edition (CTE), 2017.

Reference: Acemoglu, Laibson and List, Economics, 2nd ed., Pearson, 2018.  
References
Reference: Yoram Bauman, Stand-Up Economics: The Micro Textbook, Freely
Available Online, 2009.

Comics: Bauman and Klein (2010), Cartoon Introduction to Economics, Vol.1: Microeconomics, Hill and Wang. 
Grading
 
No.
Item
%
Explanations for the conditions
1. 
Classroom Experiment Participation 
15% 
Weekly classroom experiments are conducted. If you earn more than 15%, you get earn one extra credit as a “tie-breaker.” 
2. 
Homework 
5% 
Assignment (3%): Not turning in homework costs 1% each (up to 3%). Contest (2%): Propose “Economics in the News” problems for Midterm and Final Exams in groups. You need one qualified problems to earn 1% for each exam. Winner’s problem will appear in the actual exam as bonus question, so try your best! 
3. 
Quiz 
10% 
One quiz (5% each) is conducted before each exam (10/19 and 1/4). 
4. 
Midterm 
30% 
11/9, 10:20am-1:10pm in class. Request of absence must be submitted in writing before 10am exam day (except for emergencies). 
5. 
Final 
40% 
1/11, 10:20am-1:10pm in class. Request of absence must be submitted in writing before 10am exam day (except for emergencies). 
 
Progress
Week
Date
Topic
Week 1
9/10,9/12,9/14  Ten Principles of Economics
Production Possibility Frontier
Gains from Trade 
Week 2
9/21  Supply and Demand  
Week 3
9/28  Elasticity; "Fixing" the Market? Bad Idea! 
Week 4
10/05  Markets and Welfare: Application to Taxation 
Week 5
10/12  Markets and Welfare: Application to Trade  
Week 6
10/19  Quiz 1 (Ch. 1-9) 
Week 7
10/26  Classical Market Failure: Externalities 
Week 8
11/02  Classical Market Failure: Public Goods and Common Resources  
Week 9
11/09  Midterm (170 minutes: 10:20am-1:10pm) - Ch.1-11. 
Week 10
11/16  Cost of Production 
Week 11
11/23  Competitive Markets  
Week 12
11/30  Monopoly 
Week 13
12/07  Monopolistic Competition 
Week 14
12/14  Oligopoly 
Week 15
12/21  Factor Markets; Wage Differentials and Discrimination  
Week 16
12/28  Frontiers of (Micro-)Economics  
Week 17
1/04  Quiz 2 (Ch. 13-22) 
Week 18
1/11  Final Exam (170 minutes: 10:20am-1:10pm) - Cumulative, but focus on the second half (Ch. 13-22).