Identify $\phi(x)$ by analyzing the function composition.
The function $g$ maps the set $\{1, e, e^2, e^3\}$ to $\{1, 1/2, 1/3, 1/4\}$ increasingly. Thus, $g$ maps the second largest element of its domain to the second largest element of its codomain: $g(e^2) = 1/2$. This gives $g^{-1}(1/2) = e^2$.
The function $f$ maps $\{1, 2, 3, 4\}$ to $\{1, e, e^2, e^3\}$ decreasingly. Thus, $f$ maps the second smallest element of its domain to the second largest element of its codomain: $f(2) = e^2$. This gives $f^{-1}(e^2) = 2$.
Therefore, the base of the exponent in $\phi(x)$ is $2$, making $\phi(x) = 2^x$.
The area is bounded between $y = 2^x$ and $y = x^2$ from $x=0$ to $x=1$.
Area = $\int_0^1 2^x dx - \int_0^1 x^2 dx$
Using the basic integration formulas $\int a^x dx = \frac{a^x}{\ln a}$ and $\int x^n dx = \frac{x^{n+1}}{n+1}$:
Area = $[\frac{2^x}{\ln 2}]_0^1 - [\frac{x^3}{3}]_0^1$
Area = $(\frac{2}{\ln 2} - \frac{1}{\ln 2}) - (\frac{1}{3} - 0)$
Area = $\frac{1}{\ln 2} - \frac{1}{3} = \frac{3 - \ln 2}{3 \ln 2}$.