Eco204

Topics: Profit maximization, Optimization, Week-day names Pages: 18 (1964 words) Published: February 12, 2012
University of Toronto Department of Economics (STG) ECO 204 2011 - 2012 Sayed Ajaz Hussain Lecture 1

© Sayed Ajaz Hussain, Department of Economics, University of Toronto, STG

1

Today
About ECO 204 Motivational Example HBS Case: The Prestige Telephone Company Types of Optimization Methods in ECO 204

Unconstrained Optimization
Evaluating change in optimal solution due to a small increase in a parameter Feedback? economics204@gmail.com
© Sayed Ajaz Hussain, Department of Economics University of Toronto, STG

2

ECO 204
We won’t use Black Board (Except for electronic submissions of Some Projects) ECO 204 Course Website http://www.economics.utoronto.ca/ahussain/eco204_2011_2012/ajaz_eco204.htm

Username: eco204_2011_2012 Password: quasiyear
You can also access the 204 website through:

Economics Website

Undergraduate
© Sayed Ajaz Hussain, Department of Economics University of Toronto, STG

Courses

Feedback? economics204@gmail.com

3

ECO 204: Objectives

“Economics”
Math Language, Methods

“Business”
Business Case Analysis

Micro
Models, Tools, Paradigm

Business Reports and Papers

Critical thinking and analysis

Business acumen and knowledge

Research
Feedback? economics204@gmail.com
© Sayed Ajaz Hussain, Department of Economics University of Toronto, STG

Excel Modeling
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ECO 204: Structure
Monday, Tuesday, Wednesday Sections “Lectures” General “high level” Material and Case Analysis Friday Sections “HWs” Mechanics, Extensions, Excel Analysis ECO 204 Aid Center & Economics Study Center Extra help

Feedback? economics204@gmail.com

© Sayed Ajaz Hussain, Department of Economics University of Toronto, STG

5

ECO 204: Lectures
You can go to any Mon, Tue, Wed lecture section You can go to any Fri lecture section Monday Tuesday Lecture 10 – 12 WI 1016 Wednesday Thursday Friday Lecture 11 – 1 BR 200

Lecture 1–3 VC 323
Ajaz OH 3:30 – 5:30 pm GE 212

Lecture 2–4 LM 159 (Fall) KP 108 (Spring) Asad OH 3 – 5 pm GE 213 Lecture 6–8 WI 1016

Lecture 2–4 BR 200

Feedback? economics204@gmail.com

© Sayed Ajaz Hussain, Department of Economics University of Toronto, STG

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ECO 204: Instructors
FRIDAY SECTIONS: INSTRUCTOR AND COURSE COORDINATOR (“Asad”) Contact Asad for course related administrative matters Office: Room 213, Economics Department, 150 St. George Street Office hours: Thursdays 3 – 5 pm or by appointment E-mail: economics204@gmail.com ECO 204 Phone #: + 1 (617) 855 – 8204 MONDAY, TUESDAY, WEDNESDAY SECTIONS: INSTRUCTOR (“Ajaz”) Office: Room 212, Economics Department, 150 St. George Street Office hours: Mondays 3:30 – 5:30 pm or by appointment E-mail: sayed.hussain@utoronto.ca Phone: (416) 978 – 4965 Feedback? economics204@gmail.com

© Sayed Ajaz Hussain, Department of Economics, University of Toronto, STG

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ECO 204: Required Course Material
ECO 204 “Book Chapters” On ECO 204 : Posted and Updated on a rolling basis Harvard Business School (HBS) Cases Go here to purchase cases Register as student → pay by credit card → save .pdf files to your computer ECO 204 Excel Models Posted on 204 website on a rolling basis Please “enable macros” if prompted Please add Developer Tab, Data Analysis (VBA) and Solver (instructions) Having problems downloading the Excel Model? Please see 204 website

Calculus, Integrals, Algebra, Statistics, etc. : Wolfram Alpha Feedback? economics204@gmail.com
© Sayed Ajaz Hussain, Department of Economics, University of Toronto, STG

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ECO 204: Evaluation
Test 3 (15%) Final Exam (45%) Friday, October 21st Friday, December 2nd Friday, February 10th TBA at A & S Exam 6 – 8 pm in 6 – 8 pm in 6 – 8 pm in Schedules EX 100, 310, 320 EX 100, 310, 320 EX 100, 310, 320 60:40 Rule on Total 3 Tests + Final Exam Score (90% of Total ECO 204 Score) 60% = max(3 Tests, Final Exam) and 40% = min(3 Tests, Final Exam) Individual Project 1 (2%) First Submission Due November 4th, 11 pm through Assignment Tab in Blackboard...
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