Course Information
Course title
 Principle of Economics (with Recitation) (1) 
Semester
 108-1 
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 2,3,4(9:10~12:10) 
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/1081ECON1004_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_19F.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. 12:10~13:10 
Designated reading
 Textbook: Mankiw, Principles of Economics, 8th ed., Cengage Technology Edition (CTE), 2019.

Reference: Acemoglu, Laibson and List, Economics, 2nd ed., Pearson, 2018.

 
References
 Ref. Book 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.” 
 
Progress
Week
Date
Topic
Week 1
 9/09,9/11,9/13  [9/9] Ten Principles of Economics
[9/11] Production Possibility Frontier
[9/13] Mid Autumn Festival (Holiday) 
Week 2
 9/16,9/18,9/20  [9/16] Gains from Trade
[9/20] Supply and Demand 
Week 3
 9/23,9/25,9/27  [9/27] Elasticity; "Fixing" the Market? Bad Idea! 
Week 4
 9/30,10/02,10/04  [10/4] Markets and Welfare: Application to Taxation 
Week 5
 10/07,10/09,10/11  [10/11] Holiday 
Week 6
 10/14,10/16,10/18  [10/18] Markets and Welfare: Application to Trade 
Week 7
 10/21,10/23,10/25  [10/23] Quiz 1 (Ch. 1-9)
[10/25] Classical Market Failure: Externalities 
Week 8
 10/28,10/30,11/01  [11/1] Classical Market Failure: Public Goods and Common Resources  
Week 9
 11/04,11/06,11/08  [11/8] Midterm (180 minutes: 9:10am-12:10pm) - Ch.1-11 
Week 10
 11/11,11/13,11/15  [11/15] NTU Anniversary (Holiday) 
Week 11
 11/18,11/20,11/22  [11/22] Cost of Production 
Week 12
 11/25,11/27,11/29  [11/29] Competitive Markets 
Week 13
 12/02,12/04,12/06  [12/6] Monopoly 
Week 14
 12/09,12/11,12/13  [12/13] Monopolistic Competition 
Week 15
 12/16,12/18,12/20  [12/20] Oligopoly 
Week 16
 12/23,12/25,12/27  [12/27] Quiz 2 (Ch. 13-22)
 
Week 17
 12/30,1/01,1/03  [1/3] Final Exam (170 minutes: 10:20am-1:10pm) - Cumulative, but focus on the second half (Ch. 13-22).