Course Outline:

1. Introduction


2. The Market- Demand and Supply


3. Consumer Theory


4. Producer Theory


5. Competitive Markets


6. Uncertainty


7. Monopoly


8. Game Theory


9. Oligopoly


10. General Equilibrium and Economic Efficiency


11. Externalities and Public Goods


12. Markets with Asymmetric Information (if time permits)

Topics 1-5 were covered during the fall semester. Topics 6-11 will be continued in spring. In general, each topic will take approximately 2 weeks.

TBA

Assessment:

Your class participation is required. Notice regarding this class will be sent to you by e-mail. Therefore please make sure you check your university e-mail and act accordingly.  Class materials will be uploaded to the course webpage on https://wm5.nccu.edu.tw/.

No request of early final exam will be permitted.

The grade will be based on class participation (5%), quizzes (10%), one project (15%), two midterm exams (each 20%), and an accumulative final exam (30%).

• Problem Sets and Quizzes (10%):

Problem sets will be given out every week after the lecture. Please study the class materials along with the problem sets. There will be no more than 5 quizzes given in lecture during the semester. Each quiz will contain questions similar to those in the problem set given to you in the previous week.  No notice of a quiz will be given in advance.

• Project (15%): Hard copy due on 2020/06/09.

This project will help you think about how the economic models you learned in class could be applied to real life. Details of the project will be given to you after the first midterm. Presentation date: 2019/06/09.

• Midterm I (20%): Date 2019/03/31.


• Midterm II (20%): Date 2019/05/05.


• Final Exam (30%): Date 2019/06/16.

The dates stated above are just estimated timing as the actual dates depend on the process of the class. The actual date of exams will be announced in class.

Microeconomics with Calculus by Jeffrey M. Perloff, 2014 3^th edition.