Introduction to Microeconomics: A Mathematical Approach
MGE A02

Summer 2017
University of Toronto Scarborough
MGEA02
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s
a
Introduction to Microeconomics
l
Final Exam
Guide
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PART I Lecture Key Points Review
PART II Exam Questions & Answers and Explanations
1. Some basi
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Job Design: responsibilities, work at home vs. at the office, team work vs individual, doing part of
job or whole job. How work is organized is job design.
Job analysis is costly; therefore, it is imp
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
_ ._._. _ IMapriiilh ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Assume that a producer in a highly competitive market has a supply cu
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
MGEA02H Topic/Week Ten
The Monopoly Model
a. The monopoly model. How does
monopolist behave? What are
the results?
b. Inefficiency and monopoly.
Dynamic efficiency vs. allocative
efficiency.
c. Where
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
ECMA04 Answers to Test #2 (Version A) November 16 , 2011
th
1. TC = 507 + 11q + 3q . MC = 11 + 6q, and this is the PC firms supply curve
(above AVC). There are 400 firms, so q = .0025Q. By substitutio
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
MGEA02  Week 11 OLIGOPOLY
Oligopoly is a market in which there are
only a few sellers.
How many?
So few that they feel the effects of each
others decisions.
(cigarette companies, the banks, oil
produ
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
ECMA04F
Second Term Test  November 5, 2004
Profs. Michael Krashinsky and Gordon Cleveland
PRINT CLEARLY
NAME:
Time: 90 minutes
_ _
(Last name)
(First name)
STUDENT NUMBER:
_
TUTORIAL TIME:
_
(Write d
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
1
Week 1: A quick overview
This document is meant to provide a very brief overview of what we
should have learned in week 1.
Note: That means this document is NOT meant to be a replacement or
substitu
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
1
Week 6: Costs of Production
Costs: how do they behave as output rises?
What does the typical graph of cost
curves look like (in the short run)?
2
What does the typical graph of (marginal
& average)
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
1
MGEA02H
Week 5
Dont forget: Our first term test has been
scheduled on Monday, June 15th at 7pm
in IC130.
Production, Productivity and Costs
i.e., what lies behind the supply curve
2
Production, Pro
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
1
MGEA02H Topic 5
Production, Productivity and Costs
i.e., what lies behind the supply curve in the SR
2
Production, Productivity and Costs
Our basic objective. to understand diminishing
marginal prod
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
_ ._._. _ IMapriiilh ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Assume that a producer in a highly competitive market has a supply cu
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Wam ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Categorize each scenario as describing a movement along a demand curve or a shift of t
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
_ ._._._. _._._._. IMapn ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Categorize each scenario as describing a movement along a demand
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
_ ._._. _ IMapriiilh ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Assume that a producer in a highly competitive market has a supply cu
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
_ ._._. _ IMapriiilh ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Assume that a producer in a highly competitive market has a supply cu
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
_ ._._._. _._._._. IMapn ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Categorize each scenario as describing a movement along a demand
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Wam ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Categorize each scenario as describing a movement along a demand curve or a shift of t
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Wam ll
Use the equations below to calculate equilibrium price and quantity.
Demand P = 200 1Q Supply P = 100 + le
Categorize each scenario as describing a movement along a demand curve or a shift of t
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
MGEA02  Week 9
This week:
Looking at the effects of an increase in
costs algebraic example
More on perfect competition
especially the long run (some of
which we saw last time)
and the effect of perf
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Accounting Case Workshop (MGAB02)
Case 2 Memorable Moments Inc.
Memorable Moments Inc. (MMI) was formed by Peter and Mary Gill five years ago on January
2, 2012 which they each own 50% of the company.
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Summer 2017
MGEA02 Introduction to Microeconomics: A Mathematical Approach
STUDY OBJECTIVES AND STUDY QUESTIONS
Topic 11 (Week of Nov 21) Market Failures (Externalities & Public Goods)
Coverage: So far in this co
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Summer 2017
PART II: ANSWER BOOKLET FOR PART II
OF MGEA02 FINAL EXAM, DECEMBER 2015
SHORT ANSWER QUESTIONS (20 marks 10
marks each)
THE SHORT ANSWER QUESTIONS ARE TO BE ANSWERED
INSIDE THIS BOOKLET. DO NOT SEPARA
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Summer 2017
MGEA02 Introduction to Microeconomics: A Mathematical Approach
STUDY OBJECTIVES AND STUDY QUESTIONS
Topic 10 (Week of Nov 14)  Oligopoly
Coverage: Much of the Canadian economy is neither perfectly co
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Summer 2017
University of Toronto Scarborough
MGEA02
Introduction to Microeconomics
Exam Guide
PART I Lecture Key Points Review
PART II Exam Questions & Answers and Explanations
1. What is Economics?
Economics is
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Fall 2013
MGEA02H3 LEC01/LEC02/LEC03
Final Exam
December 6, 2013
Profs. Gordon Cleveland and Jack Parkinson
THIS IS VERSION A OF THE EXAM  MAKE SURE TO INDICATE THIS
VERSION ON YOUR SCANTRON SHEET, AND ON YOUR
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Case 1 UTSC MGAB02
4D Health Inc.
Desmond, Daniel, Dmytro and David were very good friends who met in university. They are all
very fond of sports and have a vision of starting a diversified health re
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
ECON 4: Chapter 10 Savings, Investment Spending and the Financial System
MATCHING UP SAVINGS & INVESTMENT SPENDING
Both (physical) capital & human capital play important roles in determining longrun
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Week 5: Ch. 11  Income & Expenditure
The MULTIPLIER: intro
Incomeexpenditure model is a simple model of output determination, which examines
the chain reactions of an initial change in autonomous e
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
MACRO 3: LONG TERM ECON GROWTH
Some observations:
Real GDP per capita varies across countries
Some countries grow faster while some slower
Real GDP per capita growth rate varies across time
Real GD