CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Test 1
Math 102
June 6, 2011
NAME:
STUDENT #:
Time: 60 minutes
Policy on Academic Integrity
Academic integrity requires commitment to the values of honesty, trust, fairness, respect, and
responsibility. It is expected that students, faculty members and st
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Test 2
Math 102
July 7, 2011
NAME:
STUDENT #:
Time: 60 minutes
Instructions: There are ve problems on this test; one is a multiple choice question, the other four
require full answers.
M ULTIPLE CHOICE : There is only one correct answer. Only the choice
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Correcting Market Failures
Example: Coalfired power plants
Suppose:
Constant MEC $2 per ton of SO2 emitted
100 identical plants with MPC = Q
Q=P
where Q kwh
Aggregate supply of electricity is:
Q = 100 x P (adding over all 100 identical firms)
= 100P.
In
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
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CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Econ 306
Review questions Ch. 12
1. Explain the characteristics of the four levels of economic integration free trade area,
customs union, common market, and economic union.
2. Use a graph like the one in Fig. 12.2.
a) Explain why there are gains from tra
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Market Failures
Greenhouse gases (GHGs)
Canadas per capita GHG emissions increased 3.2% from 1990 to
2008 while GHG emissions as a whole increased 24%
Market Failures
Water consumption per capita
Canadas water consumption is more than double that of the
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Review of Consumer Theory (Demand)
Three areas to cover on the demand side:
1. Interpreting an individual consumers demand curve
2. Measuring consumer wellbeing using the demand curve
3. Deriving aggregate demand from individual demand
Review of Consumer
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Econ 306
Review questions Ch. 11
1. Explain the following types of dumping in international trade: persistent, seasonal,
cyclical, predatory.
2. In each of the cases of dumping above, would you recommend to the government of the
importing country to impos
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Econ 306
Review questions Ch. 10
1. Explain why in an ideal world with no externalities, free trade is economically
efficient.
2. Explain why a protectionist trade policy may be justifiable when an externality is present
(or when market power is present.
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Econ 306
Ch.9 review questions
1. Compare and contrast three nontariff barriers (e.g. import quotas, VERs, government
procurement, domestic content requirements, product standards, etc.)
2. Using fig. 9. 2 analyze the effects of a quota on: producer surp
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Measuring External Costs
Production externalities
Costs of production that must ultimately be paid by someone other than
the producer of a good or service
Firms costs are measured in dollars.
If we want to account for EC in the same way as we account for
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Economic Efficiency
Normative questions:
1.
Which consumers should get to consume these goods?
In equilibrium each consumer chooses Q such that P=MB.
Under what circumstance is this the right Q for each consumer (the
one that maximizes aggregate benefits
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Input Choice
Much of environmental economics focuses on the performance of government
policy on achieving the socially efficient level of output.
But, it is the private parties whose decisions actually determine the
environmental impacts.
Thus, an importa
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Department of Economics
University of Victoria
Carl Mosk
Economics 327,
Summer 2013
Economic History of North America
[CRN: 31074]
Course Outline and Reading List
[I]
Introduction
This is a course in the economic history of North America, namely the econo
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Possible Essay Topics for Final Examination in ECON
327, Summer 2013
I
Mechanization of Agriculture and the American System of
Manufactures
I.A
I.B
Problems with the factor supply theory: biological
innovation and land improvement in the 19th century;
imp
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Transferable Emission Permits
Transferable Emissions Permit (TEP):
a transferable property right to emit a specified amount of pollution.
2 important aspects of TEPs:
Right to Emit
In a TEP system, a new type of property right is created.
A permit to emi
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Last Name: _
First Name: _
Student Number: _
Economics 381/Environmental Studies 312
Environmental Economics
Midterm Examination 2: Fall 2012
Craig Johnston
Instructions:
Make sure you write your name and student number at the top of this page.
You have 5
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Last Name: _
First Name: _
Student Number: _
Economics 381/Environmental Studies 312
Environmental Economics
Midterm Examination 2: Fall 2012
Craig Johnston
Instructions:
Make sure you write your name and student number at the top of this page.
You have 5
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
ECONOMIC INTEGRATION
TransPacific Partnership
Building on an existing FTA between 4 countries (Brunei, New Zealand, Singapore,
Chile)
Since 2008 the US and other countries are joining in trade negotiations
Negotiations started in 2010 (closed talks)
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Emissions Taxes/Charges
There are basically two types of market based incentive policies:
Taxes and Subsidies
Transferable Emissions Permits
Incentivebased policies can be more effective than standards.
They can provide more stimulus for polluters to see
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Introduction
So far, we have identified the efficient level of abatement/emissions.
The relevant question now is: What policies can we implement to ensure
efficient abatement behavior?
Policies we will consider:
1.
2.
3.
Command and control
Emissions taxe
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Emissions Targeting
Abatement activities analyzed so far:
Output reduction
Cleaner production involving VC (ex: inputswitching)
Cleaner production involving FC (ex: pollution control equipment)
Policies we have looked to date involve the regulator:
Decid
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Review of Consumer Theory (Supply)
Three areas to cover on the supply side:
1. Interpreting an individual firms supply curve
2. Measuring producer wellbeing using the supply curve
3. Deriving aggregate supply from individual supply
Review of Consumer The
CALCULUS FOR STUDENTS IN THE SOCIAL AND BIOLOGICAL SCIENCES
MATH 102

Spring 2011
Equations and Graphs Discussed in Economics
306 and Economics 327, Spring 2013
Carl Mosk
January, 2013
Note: This material is largely taken from the
Appendix to my book, Nationalism and
Economic Development in Modern Eurasia
(Routledge, 2013). It should n
Numerical Methods with Applications to Finance and Economics
MATH 102

Fall 2011
Arithmetic of Fractions
Practice Questions
Evaluate each of the following without using a calculator. Leave your answers as improper fractions in
their reduced form.
1.
5
3
+
10 8
18.
3 2
4 5
35.
9
1 4
14 7 3
2.
3 2
4 5
19. 4
3
5
36.
4 5 6
5 6 7
3.
7
Numerical Methods with Applications to Finance and Economics
MATH 102

Fall 2014
Answers that are not supported by written work will not be given
any credit. You will be marked on the quality of your mathematics
as well as the correctness of your answer
Question 1
! ! 2! 3
Find lim
!
!3
Numerical Methods with Applications to Finance and Economics
MATH 102

Fall 2014
1. Using the limit definition of the derivative find !(!) given
! ! = ! ! 2! + 1
Your presentation must be clear and mathematically logical.
2. The body weight of a boy between 2 and 13 years of age
may be mod