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ECON 1402

Elementary Mathematics for Economics II

0.5 credit · Undergraduate

Elementary methods of calculus for economic analysis: Topics include derivatives of univariate functions, partial derivatives of multivariate functions, concavity and convexity, elasticity, and optimization (profit and utility maximization and cost minimization subject to a budget constraint). In class participation in solving practice problems is emphasized.

2026

Topics

  • Optimization with one independent variable
  • 1. Derivatives and differentiation
  • Textbook
  • 2. Applications of derivatives
  • Optimization: maximum, minimum, point of inflection
  • 3. Economic applications of functions and derivatives
  • Profit maximization, revenue maximization and cost minimization
  • 4. Elasticity of supply, demand and other applications
  • 5. Derivatives of exponential and logarithmic functions and applications
  • Ahmad Malgarai, PhD 3 ECON 1402A fall 2026
  • Optimization with two or more independent variables

Readings

  • (See https://carleton.ca/provost/2015/calendar-dates-and-course-materials-sharing-website/)

Prerequisites & course information

Precludes additional credit for BIT 1000 , BIT 1001 , BIT 1100 , BIT 1101 , BIT 1201 , BIT 1200 , MATH 1007 , MATH 1104 , MATH 1107 , MATH 1119 , MATH 1052 , MATH 1152 , MATH 1402 . Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher, and ECON 1401 or MATH 1401 with a grade of C- or higher. Lectures three hours a week, tutorials one hour a week.

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