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Course title |
Principle of Economics (with Recitation) (1) |
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Semester |
105-1 |
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Designated for |
DEPARTMENT OF ECONOMICS |
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Instructor |
JOSEPH TAO-YI WANG |
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Curriculum Number |
ECON1004 |
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Curriculum Identity Number |
303E13111 |
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Class |
05 |
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Credits |
4 |
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Full/Half
Yr. |
Full |
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Required/
Elective |
Preassign |
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Time |
Monday 5(12:20~13:10) Wednesday 5(12:20~13:10) Friday 2,3,4(9:10~12:10) |
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Remarks |
Restriction: students whose last two digits of their student ID are divisible by 5
The upper limit of the number of students: 140.
The upper limit of the number of non-majors: 100. |
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Ceiba Web Server |
http://ceiba.ntu.edu.tw/1051ECON1004_05 |
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Course introduction video |
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Table of Core Capabilities and Curriculum Planning |
Association has not been established |
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Course Syllabus
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Please respect the intellectual property rights of others and do not copy any of the course information without permission
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Course Description |
[For the complete info, please refer to http://homepage.ntu.edu.tw/~josephw/principles_micro_15F.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 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. |
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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. |
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Course Requirement |
There are no prerequisites for this course. |
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Student Workload (expected study time outside of class per week) |
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Office Hours |
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Designated reading |
Mankiw, Principles of Economics, 7th ed., Cengage, 2014.
Reference: Acemoglu, Laibson and List (2015), Economics, Pearson. |
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References |
Reference: Yoram Bauman, Stand-Up Economics: The Micro Textbook, Freely
Available Online, 2009.
Other: Charlie Holt, Markets, Games, & Strategic Behavior, Prentice Hall, 2007. |
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Grading |
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No. |
Item |
% |
Explanations for the conditions |
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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% |
Failure of turning in weekly homework costs you 1% each (up to 5%). |
3. |
Quizzes |
10% |
One quiz (5% each) is conducted before each exam (10/17 and 1/2). |
4. |
Midterm |
30% |
11/13, 9:10am-12:10pm in class. Request of absence must be submitted in writing before 9:00am, exam day (except for emergencies). |
5. |
Final |
40% |
1/15, 9:10am-12:10pm in class. Request of absence must be submitted in writing before 9:00am, exam day (except for emergencies). |
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Week |
Date |
Topic |
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Week 1 |
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[ 9 /12] The Principles and Practices of Economics (Ch. 1)
[ 9 /14] The Principles and Practices of Economics (aka What is Economics?) |
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Week 2 |
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[ 9 /19] Economic Methods and Economic Questions (Ch. 2)
[ 9 /21] Optimization: Doing the Best You Can
[ 9 /23] Demand, Supply and Equilibrium |
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Week 3 |
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[ 9 /30] Consumers and Incentives |
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Week 4 |
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[10/ 7 ] Sellers and Incentives |
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Week 5 |
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[10/14] Perfect Competition and the Invisible Hand |
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Week 6 |
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[10/21] Trade |
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Week 7 |
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[10/28] Externalities and Public Goods |
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Week 8 |
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[10/31] The Government in the Economy: Taxation and Regulation
[11/ 2 ] Tradable Permit Market (old)
[11/ 4 ] Quiz 1 |
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Week 9 |
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[11/11] Midterm (3 hours: 9:10-12:10) - Ch.1-10 |
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Week 10 |
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[11/18] Markets for Factors of Production |
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Week 11 |
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[11/25] Monopoly |
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Week 12 |
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[12/ 2 ] Guest Lecture by Teck Ho (VP of NUS, Editor of Management Science) |
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Week 13 |
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[12/ 9 ] Game Theory and Strategic Play |
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Week 14 |
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[12/16] Political Economy (Web Chapter 3) |
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Week 15 |
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[12/23] Oligopoly and Monopolistic Competition |
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Week 16 |
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[12/30] Social Economics |
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Week 17 |
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[ 1/ 6 ] Quiz 2 |
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Week 18 |
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[ 1 /13] Final Exam (3 hours: 9:10-12:10) - Cumulative, but focuses on the second half (Ch. 11-13, 16-18, Web Chapter 3) |
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