AS/MATH1530.03

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)

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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 examination (50%).