AS/MATH 1530 3.0 FW

Introductory Mathematics for Economists I

      This course introduces and develops topics in differential calculus, integral calculus, and their applications in economics. This course or equivalent is required for all Economics majors or minors; it also satisfies the mathematics requirement for the Schulich School of Business. It is suitable for Ordinary Mathematics for Commerce, but should not be taken by those who intend to major in any other Mathematics or Statistics programme or in Computer Science. (Same as AS/ECON 1530 3.0.) Offered in both terms.
      The pair MATH 1530 3.0 and MATH 1540 3.0 is designed to give the student an introduction to mathematics sufficient for a thorough understanding of modern textbooks in economic theory. The emphasis is on the acquisition of tools for later use and on an understanding of both concepts and techniques for applications, rather than on theoretical proofs or a rigorous development of the mathematics involved. The pair is similar to MATH 1550 6.0.
      Topics will include single-variable differentiation, limits, continuity, series, exponential and logarithmic functions, single-variable optimization, and integration. Applications to problems in economics involving supply and demand functions, maximization of profits, elasticity of demand and consumers' surplus will be considered.
      The text last year was Sydsaeter and Hammond, Mathematics for Economic Analysis, together with selected exercises from Haeussler and Paul, Introductory Mathematical Analysis. Both of these texts are published by Prentice Hall. Last year a "package" consisting of the first text together with the selected exercises from the second text was available from the York bookstore. It is anticipated that the same texts will be used this year, although students should check with their section instructor at the start of classes.
      The final grade may be based on term tests and/or assignments and a final examination. Instructors will announce details in class.