Introductory Mathematics for Economists I
The pair MATH1530.03 and MATH1540.03 are 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 rather than
on a rigorous development of the mathematics involved. These
courses (or MATH1300.03/1310.03, plus MATH2220.06 or MATH2221.03/MATH2222.03)
are required for specialized honours students in economics and are
recommended for honours and ordinary students in economics. They are
accepted by Administrative Studies as prerequisites. Students with strong
interest or ability in mathematics should consider registering in
MATH1300.03 or MATH1310.03.
MATH1530.03 is an introduction to differential and integral calculus.
Emphasis will be not on theoretical proofs but on an understanding of
concepts and of techniques for applications. The latter will be mainly
problems in economics.
Topics will include derivatives of functions of one and of
several variables, differentials, and integrals. Applications
will include profit maximization, effects of taxation, consumers'
surplus, capital formation, and others. (It may happen that some
of these topics cannot be covered in the available time, in which
case they will be covered in MATH1540.03)
The text has not yet been chosen.
Note carefully that a student taking MATH1530.03 must have
taken or be taking ECON1000.03 or ECON1010.03.
The final grade may be based on term tests and assignments (50%) and a final
Prerequisites: AS/SC/MATH1500.03 or OAC Calculus or equivalent
Corequisites: AS/ECON1000.03 or AS/ECON1010.03
Exclusions: AS/SC/MATH1000.03, AS/SC/MATH1013.03, AS/SC/MATH1300.03,
SC/MATH1505.06, AS/MATH1550.06, SC/ACMS1030.06, SC/ACMS1050.06,