Bridgeton Industries: Automotive Component&Fabrication Plant

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University of Toronto Department of Economics ECO 204 2010 - 2011 Sayed Ajaz Hussain Lecture 1

Ajaz Hussain. Department of Economics. University of Toronto (St. George)

1

Today
About ECO 204
(Single-Variable) Functions (Single-Variable) Calculus (Single-Variable) Unconstrained Optimization (Single-Variable) Concave and Convex Functions Ajaz Hussain. Department of Economics. University of Toronto (St. George) 2

Instructor:
Office Room 212, Economics Department 150 St. George Street Office hours Thursdays 1 – 3 pm or by appointment E-mail sayed.hussain@utoronto.ca Ajaz Hussain. Department of Economics. University of Toronto (St. George) 3

Teaching Assistants
Head TA: Asad Priyo E-mail: asad.priyo@utoronto.ca Please direct all administrative questions to Asad Alfia Karimova E-mail: alfia.karimova@utoronto.ca Patrick Rizzetto E-mail: patrick.rizzetto@utoronto.ca Ajaz Hussain. Department of Economics. University of Toronto (St. George) 4

Course Materials & Tools
ECO 204 (2nd Draft) Book Chapters Posted on 204 website on a continuous basis (Link to 1st Draft) Harvard Business School (HBS) Cases Purchasable here (register as a student) Cases: Prestige Telephone Company, Nutrasweet, Aluminum Industry (data set, pw: quasifixed) ECO 204 Excel (2007) Model Posted on 204 website on a continuous basis Add-in “Data Analysis” and “Solver” tools (instructions) Ajaz Hussain. Department of Economics. University of Toronto (St. George) 5

Evaluation
Weight 15% 15% 15% 10% 45% Component Test 1 Test 2 Test 3 Group Paper Cumulative Final Exam Ajaz Hussain. Department of Economics. University of Toronto (St. George)

Date Fri, Oct 15th (4 - 6 pm) Fri, Dec 3rd (4 - 6 pm) Fri, Feb 18th (4 - 6 pm) March 4th TBA by A & S 6

Missing a Test (or Tests)
If you miss a test you will get a ZERO score unless you provide an appropriate and convincing note within 1 week of the missed test The note must be provided using an original University of Toronto medical certificate. The note must clearly state that on the date of the test, the student was too sick to write the test. Illness before the test is not sufficient grounds for missing the test nor are notes that indicate that the student would have performed “sub-optimally.” Ajaz Hussain. Department of Economics. University of Toronto (St. George) 7

Missing a Test (or Tests)
If a student has been excused from a test (or tests) on medical grounds, he or she will be permitted to write a single cumulative make-up test.

The cumulative make-up test is on: Wednesday, April 6th 2011, 3 - 5 pm in my office The make-up test will be worth the value of all missed tests There is no makeup to the makeup test Ajaz Hussain. Department of Economics. University of Toronto (St. George) 8

Requests for Re-grading
File request within one week of the test being returned

Type short explanation for why test should be re-graded

Submit explanation and test in person to Head TA Asad Priyo

Your score may be remain unchanged, increase, or decrease
Ajaz Hussain. Department of Economics. University of Toronto (St. George) 9

About Lecture Slides & HWs
Lecture will be posted by Sunday midnight
Slides purposefully omit some steps/calculations/graphs/etc. Omitted material in “delivered” slides HW will be posted by Tuesday midnight You don’t have to turn in HWs but are strongly encouraged to attempt the questions Try to understand (not memorize) HW solutions Ajaz Hussain. Department of Economics. University of Toronto (St. George) 10

Doing Well in ECO 204
Don’t miss lectures Bring lecture slides to class and take excellent class notes Within a day integrate slides with your notes Deepen understanding through practice problems and HWs Do HW before tutorial: see how TA solves the problem Focus on understanding and intuition Pointless to memorize or cram Ajaz Hussain. Department of Economics. University of Toronto (St. George) 11

Integrating Theory with Business
“Micro in...
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