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Calculus

This 3 credit unit introduces students to the mathematical methods of calculus and explores applications in economics and management. Students will develop proficiency in differentiation and integration, as well as optimization of functions of multiple variables. The course aims to provide students with skills in calculus methods and the theoretical concepts behind them, preparing students for further studies in mathematics, economics, and related disciplines. Students will be assessed through a three-hour written examination.

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315 views2 pages

Calculus

This 3 credit unit introduces students to the mathematical methods of calculus and explores applications in economics and management. Students will develop proficiency in differentiation and integration, as well as optimization of functions of multiple variables. The course aims to provide students with skills in calculus methods and the theoretical concepts behind them, preparing students for further studies in mathematics, economics, and related disciplines. Students will be assessed through a three-hour written examination.

Uploaded by

yaad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Course information 2016–17

MT1174 Calculus
This unit develops a student’s proficiency in working with the mathematical methods of
calculus, and it investigates some applications to problems in economics, management
and related areas. The unit also develops the student’s understanding of the theoretical
concepts behind these methods.

Exclusions Learning outcomes


This course may not be taken with:
At the end of the course and having
MT105a Mathematics 1
MT105b Mathematics 2 completed the essential reading and
activities students should be able to:

Aims and objectives  use the concepts, terminology,


The objectives specifically include: methods and conventions covered in
• to enable students to acquire skills in the the unit to solve mathematical
methods of calculus (including multivariate problems in this subject,
calculus), as required for their use in further  solve unseen mathematical problems
mathematics subjects and economics-based involving understanding of these
subjects concepts and application of these
• to prepare students for further units in methods
mathematics and/or related disciplines  see how calculus can be used to
solve problems in economics and
related subjects
Essential reading demonstrate knowledge and
For full details please refer to the reading list.

understanding of the underlying
principles of calculus.
Binmore, K. and J. Davies Calculus. (Cambridge:
Cambridge University Press)

Anthony, M. and N. Biggs Mathematics for Assessment


economics and finance: methods and This course is assessed by a three-hour
modelling. (Cambridge: Cambridge University unseen written examination.
Press)

Students should consult the appropriate EMFSS Programme Regulations, which are reviewed on an annual basis. The Regulations
provide information on the availability of a course, where it can be placed on your programme’s structure, and details of co-requisites
and prerequisites.

MT1174 Calculus Page 1 of 2


Syllabus
This is a description of the material to be examined. On registration, students will receive a detailed
subject guide which provides a framework for covering the topics in the syllabus and directions to the
essential reading.

This unit develops basic mathematical methods Integration: Indefinite integrals; Definite
and concepts of calculus and will include their integrals; Standard integrals; Substitution
applications to problems in economics, method (including trigonometric substitutions);
management and related areas. Integration by parts; Partial fractions;
consumer and producer surplus.
Basics: Revision of basic algebra; powers; sets;
functions (including trigonometric functions); Functions of several variables: Contours,
graphs; factorisation; inverse and composite principal sections and partial derivatives; chain
functions; exponential and logarithm functions; rule, homogeneous functions, gradient vectors,
conic sections; trigonometric identities. directional derivatives, tangent planes, Taylor
series.
Differentiation: The meaning of the derivative;
standard derivatives; Product rule, quotient Multivariate optimisation: unconstrained
rule and chain rule; Tangent lines; Taylor series; optimisation; convex and concave functions;
using derivatives for approximations; constrained optimisation; applications of
marginals; elasticities. unconstrained and constrained optimisation;
the meaning of Lagrange multipliers.
One-variable optimisation: First-order
conditions; first and second-order tests for Differential equations: Separable equations;
nature of a critical point; convexity and first-order linear equations; homogeneous
concavity; profit maximisation; the effects of equations; exact equations; second-order
taxation; curve sketching. equations with constant coefficients; systems
of first-order equations; some applications.

MT1174 Calculus Page 2 of 2

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