Type of Credit: Required
Credit(s)
Number of Students
Principle of Economics is a year-long course (3 credits for each semester) that provides an introduction to basic economic principles and methods of economic analysis. The goal of the course is to equip students with basic economic concepts and techniques to apply to daily economic activities and related policy implications.
In the first semester, we concentrate on Microeconomics, the study focuses on the optimizing behavior of individual consumers and firms and the coordination of these individual decisions through markets, including the evaluation of market outcomes. Topics include the theory of the consumer, the theory of the firm, perfect competition, monopoly, monopsony,and oligopoly, markets with asymmetric information, and externalities and public goods.
In the second semester, we concentrate on Macroeconomics, the study of the economy as a whole. Topics include the theory of the determination of national income, employment, prices, and interest rates; related issues of economic growth, fluctuations, and inflation; monetary and fiscal policy; exchange rate and international trade.
能力項目說明
1. Microeconomics (first semester)
What is Economics?
Demand-Supply framework
Consumer choice and demand
Applications and policy analysis
Firm and Production
Competitive firm behavior
Monopoly
Imperfect competition and oligopoly
Asymmetric information and market behavior
General equilibrium and market efficiency
2. Macroeconomics (second semester)
The realm of Macroeconomics
Economic growth and development
Consumption, saving and investment
Aggregate demand
Aggregate supply
AD-AS framework
Monetary policy and fiscal policy
Financial intermediation
Inflation and unemployment
Exchange rate and open economy
Microeconomics (first semester)
Week 1: What is Economics?
WeeK 1: Demand-Supply framework
Week 2-3. Consumer choice and demand
Week 4. Applications and policy analysis
Week 5-6. Firm and Production
Week 7-8. Competitive firm behavior Week
Week 9. Mid-term Exam
Week 10-11. Monopoly
Week 12-13 Imperfect competition and oligopoly
Week 14-15 Asymmetric information and market behavior
Week 16. Final Exam
Macroeconomics (second semester)
Week 1. The realm of Macroeconomics
Week 2-3 Economic growth and development
Week 4-5 Consumption, saving and investment
Week 6 Aggregate demand
Week 7-8 Aggregate supply
Week 9. Mid-term Exam
Week 10-11 AD-AS framework
Week 12-13 Monetary policy and fiscal policy
Week 14-15 Inflation and unemployment
Week 16 Final Exam
Course Requirements and Grading
•No prerequisite is required for the course.
•There will be midterm and final exams. There are recitation classes every week conducted by TAs and a number of problem sets will also be assigned during the term.
•Semester grades are determined by the problem sets (30%), the midterm (35%), and the final (35%).
•Extra bonus for creative class discussion and corresponding penalty for skipping class.
•Required textbook:
1. Foundations of Economics, Robin Bade and Michael Parkin, 9th ed., Pearson Education Limited, 2023.
Supplementary books:
1. 《經濟學原理》, 莊奕琦著, 智勝文化事業有限公司, 台北, 台灣, 2003年, 4月。
2.《生活經濟學》, 莊奕琦著,智勝文化事業有限公司, 台北, 台灣, 2004年, 1月。
3. Economics, Glenn Hubbard and Anthony P. O’Brien, 8th ed., Pearson Education Limited, 2022.
| 書名 Book Title | 作者 Author | 出版年 Publish Year | 出版者 Publisher | ISBN | 館藏來源* | 備註 Note |
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All the course materials will be uploaded on the Moodle e-learning platform. 本課程的教學將配合Moodle數位學習平台。