SOURCE: 2002 Taurus 24v Duratec getting 301 and 316 codes.
Ok the P0301 code means that your engine is misfiring on the first #1 cylinder so that is good you know where it is coming from. The P0316 Code means that your engine is misfiring in the first 1000 revolutions of the engine starting. What i would suggest you do is change the plug and wire on cylinder #1. If this doesn't solve your problem then you can go to your coil packs and change that. If that still doesn't solve your problem then it may get difficult leading to an injector. But i am almost positive that it is going to be no more then a plug wire or coil pack!
SOURCE: Replaced plugs and coil pack on 2001 ford taurus now car will not start
You will need to figure out if you have spark to the plugs, and if not- if you have voltage to the coil to proceed.
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