Course Information
Course title
Principle of Economics (with Recitation) (1) 
Semester
105-1 
Designated for
DEPARTMENT OF ECONOMICS  
Instructor
JOSEPH TAO-YI WANG 
Curriculum Number
ECON1004 
Curriculum Identity Number
303 13111 
Class
05 
Credits
Full/Half
Yr.
Full 
Required/
Elective
Preassign 
Time
Monday 5(12:20~13:10) Wednesday 5(12:20~13:10) Friday 2,3,4(9:10~12:10) 
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. 
Ceiba Web Server
http://ceiba.ntu.edu.tw/1051ECON1004_05 
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_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. 

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. 
Office Hours
 
References
Reference: Yoram Bauman, Stand-Up Economics: The Micro Textbook, Freely
Available Online, 2009.

Other: Charlie Holt, Markets, Games, & Strategic Behavior, Prentice Hall, 2007. 
Designated reading
Mankiw, Principles of Economics, 7th ed., Cengage, 2014.

Reference: Acemoglu, Laibson and List (2015), Economics, Pearson. 
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% 
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). 
 
Progress
Week
Date
Topic
Week 1
  [ 9 /12] The Principles and Practices of Economics (Ch. 1) [ 9 /14] The Principles and Practices of Economics (aka What is Economics?) 
Week 2
  [ 9 /19] Economic Methods and Economic Questions (Ch. 2) [ 9 /21] Optimization: Doing the Best You Can [ 9 /23] Demand, Supply and Equilibrium 
Week 3
  [ 9 /30] Consumers and Incentives 
Week 4
  [10/ 7 ] Sellers and Incentives 
Week 5
  [10/14] Perfect Competition and the Invisible Hand 
Week 6
  [10/21] Trade 
Week 7
  [10/28] Externalities and Public Goods 
Week 8
  [10/31] The Government in the Economy: Taxation and Regulation [11/ 2 ] Tradable Permit Market (old) [11/ 4 ] Quiz 1 
Week 9
  [11/11] Midterm (3 hours: 9:10-12:10) - Ch.1-10 
Week 10
  [11/18] Markets for Factors of Production 
Week 11
  [11/25] Monopoly 
Week 12
  [12/ 2 ] Guest Lecture by Teck Ho (VP of NUS, Editor of Management Science) 
Week 13
  [12/ 9 ] Game Theory and Strategic Play 
Week 14
  [12/16] Political Economy (Web Chapter 3) 
Week 15
  [12/23] Oligopoly and Monopolistic Competition 
Week 16
  [12/30] Social Economics 
Week 17
  [ 1/ 6 ] Quiz 2 
Week 18
  [ 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)