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    Calculus

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    yaad
    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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    © All Rights Reserved
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    Calculus

    Uploaded by

    yaad
    276 views2 pages
    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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    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.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    276 views2 pages

    Calculus

    Uploaded by

    yaad
    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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    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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