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 important to know what jobs need to be analyzed. Understan
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
find more resources at oneclass.com
MGHB12 Week 3: Strategy & HR Planning:
Chapter 2: Strategy and Human Resource Planning:
Strategic planning and HR:

Strategic planning p o edu es fo aki g de isio s a out the o ga izatio s LT goals and strategies
Human
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
find more resources at oneclass.com
MGHB12 Week 2: Equity & Diversity in HRM:
Chapter 3: Equity and Diversity in HRM:


Consequences with agency for laws & regulations of managers and employees:
o Criminal charges
o Costly and timeconsuming litigation
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
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 the study of the use of scarce resources to satisfy un
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
find more resources at oneclass.com
MGHB12 Week 1: Introduction to Strategic HRM & Job Analysis:
Chapter 1: The World of Human Resource Management:

Competitive advantage for an org the way org acquires, treats, develops, and rewards its workers
Human re
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
find more resources at oneclass.com
*Notes include hints on exams and things to be cautious for
Chapter 1
Internal decision makers Co pa s
a age s
External Decision makers Parties outside the firm such as investors, bank loan officer. We focus
on this.
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
find more resources at oneclass.com
MGHB12 Week 4: Recruiting Employees:
Chapter 5: Expanding the Talent Pool: Recruitment and Careers:



Recruitment then & now
o Then periodically, only when position needed to be filled
o Now ongoing and proactive, s
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Doran Accounting 284 Section E Spring 2001 Quiz 3A Chap. 6 2/27 (10.5 Points)
Name_SOLUTION_
SS#_
Part I True/False (Circle the Correct Response) 1/2 Point Each
T F
T F
T F
T F
T F
Credit terms 2/10, n/30 mean that if payment is made in two days, a 10% di
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
MGEA02  Week 9
This week:
 What defines longrun equilibrium in a
perfectly competitive market?
 What is different for the firm and the
industry in longrun equilibrium?
 Is perfect competition good for society
does it promote economic wellbeing
(i.
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 the study of the use of scarce resources to satisfy un
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Summer 2017
University of Toronto Scarborough
MGEA02
s
s
a
Introduction to Microeconomics
l
Final Exam
Guide
C
e
n
O
PART I Lecture Key Points Review
PART II Exam Questions & Answers and Explanations
1. Some basic equations for Production and Productivity:
1) Profit
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 competitive, nor monopolistic. The
rest of the Canadian e
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 SEPARATE THE PAGES FROM
EACH OTHER.
NAME
_
_
(last name)
(fir
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 course, it may seem that governments play a minor role in
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
MGEA02 Week Ten
This week
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 does monopoly come from;
what conditions are necessa
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Topic #11
When small numbers of people are affected, private negotiations can solve the problem (the
Coase Theorem)
Max GTS occurs when MSC = MSB, MU=MC
If MSB > MSC then increase quantity and if MSC > MSB the decrease quantity
Supply curve is the MPC and
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Topic #2:
A competitive market is a market in which there are many buyers and sellers of the same good,
none of whom can influence the price at which the good or service is sold.
A shift of the demand curve is a change in quantity demanded at any given pr
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Togic 7  PerfecT CompeTiTion
PerfecT CompeTiTion  The main model for
microeconomics
 The (represenTaTive) m in SR
 The indusTrx in SR
 The (represenTaTive) firm in LR
 The indusTry in LR '
 The dynamics of SR and LR
adjusTmenTs To a shock"  how d
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
Midterm Exam ROOM ASSIGNMENTS
Date of exam: Monday, November 2, 2015 5 to 6:30 p.m.
Please make sure you write in only the room that you are assigned.
GYM  Students With a last name beginning with the letters A through R
m T through V.
SW 319 (Science
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
MGEAOZH  Topic Nine
The Monopoly Model
a. The monopoly model. How does
monopolisr behave? Whaf are The
resulrs?
U Inefficiency and monopoly. Dynamic
efficiency vs. ollochrive efficiency.
c. Where does monopoly come from:
whar condifions are necessary: wh
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
X '13.
(1/ 5 K"\
cfw_A :cfw_/ \r
2f 1 a " E 1'
cfw_A g 5/ m c
M, g) 4
w .2: K"?
J? :U
cfw_a 5 :2, f: T:
, M /\ TL. Week 6: CosTs of ProducTion
CosTs: how do They behave as oquuT rises?
WhaT does The Typical graph of CST 2
Whar does The Typical grap
Introduction to Microeconomics: A Mathematical Approach
MGE A02

Spring 2014
We acTually have a way To solve for each
Called The Reaction Funcfion" or The
BestResponsefunchon
WMMMW WM
MW
( Ask The guesrion: whcn would The firm do >
mwmm . I. . . MM
W.KW
given nrhe other firms decision.
u WW . z , MW
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Ion1 Whar wou