MGEB05 Macroeconomic Theory and Policy
What is Macroeconomics?
Macroeconomics is the study of the economy as a whole.
Organization of the Course:
1) Introduction
Chapter 2: Measurements of macroeconomic data GDP, inflation rate, and
unemployment rate.
2)
Chapter 3: National Income: Where It Comes From and Where It Goes
Overview of the chapter
The chapter moves to deeper question of the explanation of the behavior of the
economy. This chapter develops a basic model of the long-run behavior of a wellfunctio
Chapter 5: The Open Economy
Overview of the Chapter
Study open-economy macroeconomics.
Relationship between the flows of goods and services (NX) and the flows of capital (NFI).
Two exchange rates: nominal exchange rate (e) and real exchange rate ().
Devel
Chapter 6: Unemployment
Overview of the Chapter
To show that unemployment is the natural consequence of dynamics in the labour
market.
Both job finding and job separation rates determine the NRU.
To discuss how the process of job search leads to frictiona
Chapter 4: Money and Inflation
Overview of the Chapter
This chapter examines the classical theory of money.
It attempts to explain the causes, effects, and social costs of inflation.
Once again, we are studying the behavior of price and inflation in the l
Microeconomic Problems
1
Equilibrium Problems
1. Suppose the stock market is competitive. Analyze the eect of the following shocks on stock prices.
a. A fall in exports by the domestic economy.
b. Trade statistics show the domestic trade deficit has becom
MGBE01 Microeconomic Theory Sample
Exam 2016
Department of Management, University of Toronto Scarbourough
Instructor: Professor Gregory Gagnon
Aids: Nonprogramable Calculator
Instructions: Answer all questions.
Surame:
Student Number:
Given Name:
Part A.
Advertising:
From Theory to Practice
MGMC12H3
Professor Pankaj Aggarwal
Summer 2015
My Background
Education:
BA (Economics), MBA (IIM-A)
MBA; PhD (U of Chicago)
Work Experience:
Vice President, J Walter Thompson, New Delhi
Other Advertising Agencies: Y
Launching the BMW Z3 Roadster
1. What is the strategic significance of the Z3 launch?
The launch of the Z3 held a strategic significance for BMW. For one, this is the first
BMW vehicle that is 100% made in America, which would help BMW establish its
posit
MGE B01/B02 FINAL EXAM STUDY NOTES
The following notes are intended to provide you with some hints on preparing for the final
examination in the course. Some sample exam questions from previous years are also included.
1. GENERAL:
The examination covers a
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-8
Pindyck et al.
Chapter-9: 2, 10
Supplemental:
1. The demand and supply functions for basic cable TV in t
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory
(Intermediate Microeconomics I)
Problem Set-9
Pindyck et al.
Chapter-10: 3, 5, 6, 9, 13
Supplemental:
1. Short question:
a) Give three factors that would lead to a monopoly ma
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-7
Pindyck et al.
Chapter 8: 4, 5, 7, 8, 10, 12, 15
Supplemental:
1. Short questions:
a) The short-run tota
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-6
Pindyck et al.
Chapter 7 (6, 8, 9, 10, 11), Appendix (2, 3)
Supplemental:
1. Short questions:
a) If ther
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-4
Pindyck Chapter 5: 1, 2, 6, 8,
Supplemental:
1. Consider a lottery with three outcomes:
$125 will be rec
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-3
Pindyck et al.
Chapter-4: Exercises 4, 5, 7, 8, 12, 13, Appendix (1, 2, 4)
Supplemental:
1. Short questi
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-2
Pindyck et al.
Chapter-3: 2, 5, 6, 7, 12, 14, 16
Supplemental:
1. Draw a set of indifference curves for
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-5
Pindyck et al.
Chapter-6:
3, 5, 6, 8, 10
Supplemental:
1. Answer the following short Questions:
a) In a
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-1
Pindyck et al.
Chapter-2:
Exercises: 2, 5, 8, 10, 11
Supplemental:
1. Many business travelers receive re
UNIVERSITY OF TORONTO SCARBOROUGH
DEPARTMENT OF MANAGEMENT
MGEB02: Price Theory: A Mathematical Approach
(Intermediate Microeconomics I)
Problem Set-0
The following calculus problems are assigned to help you condition yourself for the
course. The main com
Department of Management, UTSC
MGEB12 Quantitative Methods in Economics II -Lecture 10
Chapter 16 - Nonlinear Regression Models
1. Quadratic Model
Y
X
2
4
2.7
5
6
6
7.4
7
8
8
9
9
9.2
10
9.3
11
9.2
12
8.8
13
8.1
14
If try to fit linear line Y = 0 + 1X1 + y
Department of Management, UTSC
MGEB12 Quantitative Methods in Economics II - Lecture 02
Chapter 9 - Hypothesis Testing of Mean, Population Variance Unknown
1. Introduction
1
2. t-Distributed Random Variable
t-distribution is symmetric just like normal dis
Department of Management, UTSC
MGBE11 Quantitative Methods in Economics II -Lecture 10 In Class Exercise
Q1. ABC Bank would like to increase number of customers using payroll direct deposits by launching a campaign to call
each customer who does not use d
Department of Management, UTSC
MGEB12 Quantitative Methods in Economics II - Lecture 01
Chapter 9 - Introduction to Hypothesis Testing & Testing of Mean
1. Introduction
Hypothesis testing use to determine if statement made about value of population parame
Department of Management, UTSC
MGEB12 Quantitative Methods in Economics II - Lecture 03
Chapter 9 Testing of Population Proportions
Want to test eg. Ho: p = p0
Ha: p p0
Many applications in business:
What is estimated proportion of incoming students want
Department of Management, UTSC
MGEB12 Quantitative Methods in Economics II - Lecture 03
Chapter 9 - Probability of making a type II error
Consider testing of mean with population variance known (z-test)
Test Statistic Z 0
x 0
/ n
P[Z Z ] = , P[Z Z/2 ] =
MGEB06 Chapter 9 Tutorial 1
Question 1
A pair of economics experts Doctors ABC and XYZ, are having a debate about the
usefulness of inflation targeting, that is using monetary policy to keep the inflation rate
between 2 and 3 percent per year. Dr. XYZ cla
MGEB06 - Chapter 7 Tutorial 1
Question 1 (Chapter 7, Problems and Applications #6)
Many demographers predict that Canada will have zero population growth in the twentyfirst century, in contrast to average population growth of about 1.6 percent per year in