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MATH 1401

Elementary Mathematics for Economics I

0.5 credit · Undergraduate

Functional relations: functional forms and error terms. Graphing economic magnitudes: scatter diagrams, time-series graphs, functional relationships. Applied calculus: mechanics of differentiation and integration, elasticity, consumer/producer surplus. Applied algebra: solving systems of linear equations and Keynesian national-income analysis. Problem solving approaches.

2022

Readings

  • Maths for Economics, 4th Edition, by Geoff Renshaw (3rd ed. is also usable).

Prerequisites & course information

Precludes additional credit for BIT 1000 , BIT 1001 , BIT 1100 , BIT 1101 , BIT 1200 , BIT 1201 , ECON 1401 , MATH 1007 , MATH 1009 , MATH 1052 , MATH 1104 , MATH 1107 , MATH 1119 , MATH 1152 . Prerequisite(s): Ontario Grade 12 U Advanced Functions, or MATH 0005 , or equivalent; and ECON 1000 or FYSM 1003 , which may be taken concurrently with MATH 1401 / ECON 1401 . Lectures three hours a week, tutorial one hour a week.

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