Introduction to Microeconomics: A Mathematical Approach
MGE A06

Spring 2014
Week 1
 Introduction Unemployment & Inflation
Unemployment
Unemployment rate is never negative or zero
Unemployment rate is not constant; changes from time to time.
Question: Why unemployment rate will never be zero?
Answer: There are frictions in the ec
Introduction to Microeconomics: A Mathematical Approach
MGE A06

Spring 2014
Week 1
7.6% unemployment rate in Canada currently
Unemployment rate is never negative or zero
Unemployment rate is not constant; changes from time to time.
Question: Why unemployment rate will never be zero?
Answer: There are frictions in the economy, whi
Introduction to Microeconomics: A Mathematical Approach
MGE A06

Spring 2014
Chapter 8 Unemployment and Inflation
Outline
What is the unemployment rate? How the unemployment rate is calculated?
The significance of the unemployment rate.
What is the natural rate of unemployment (NRU)? What are the factors that
determine the NRU?
Introduction to Microeconomics: A Mathematical Approach
MGE A06

Spring 2014
Chapter 9 LongRun Economic Growth
Outline
How do we measure longrun economic growth?
Sources of longrun economic growth.
The growth accounting equation.
Why growth rates differ among countries?
Comparing Economies Across Time and Space
Some observa
Introduction to Microeconomics: A Mathematical Approach
MGE A06

Spring 2014
Chapter 12Aggregate Demand and Aggregate Supply
Aggregate Demand
Aggregate Demand Curve shows the relationship between the aggregate price level and the quantity of
aggregate output demanded by households, business, the government, and the rest of the w
Introduction to Microeconomics: A Mathematical Approach
MGE A06

Spring 2014
MATA36 Midterm: Things You Should Know
February 22, 2016
lecture 1: Understand where the partial integration formula comes
from, recognize partial integration problems. Apply the formula (successively if necessary) to solve certain integratals
lecture 2
Introduction to Microeconomics: A Mathematical Approach
MGE A06

Spring 2014
Chapter 15Monetary policy
The Demand of Money
The opportunity cost of Holding Money
Most economic decisions involves tradeoffs at the margins individuals decide how much of a
good to consume by determining whether the benefit theyd gain from consuming
Introduction to Microeconomics: A Mathematical Approach
MGE A06

Spring 2014
University of Toronto Scarborough
Department of Management
MGEA06
Introduction to Macroeconomics:
A Mathematical Approach
TUTORIAL QUESTIONS
1
Tutorial #1
Question 1
Which of the following transaction(s) would count as consumption?
a) A family buys a used