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MT1174 Calculus

This unit is a 30-credit calculus course at level 4. It aims to develop students' proficiency in calculus methods and their applications in economics. Students will learn differentiation, integration, multivariate functions, and how to solve optimization problems. Assessment is via a three-hour unseen written exam. Essential reading includes calculus textbooks by Binmore and Davies and Anthony and Biggs.

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466 views2 pages

MT1174 Calculus

This unit is a 30-credit calculus course at level 4. It aims to develop students' proficiency in calculus methods and their applications in economics. Students will learn differentiation, integration, multivariate functions, and how to solve optimization problems. Assessment is via a three-hour unseen written exam. Essential reading includes calculus textbooks by Binmore and Davies and Anthony and Biggs.

Uploaded by

Alex Zhang
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Course information 2022-23

MT1174 Calculus
General information
COURSE LEVEL: 4
CREDIT: 30
NOTIONAL STUDY TIME: 300 hours

Summary
This unit develops a student’s proficiency in working with the mathematical methods of calculus,
and it investigates some applications to problems in economics, management and related areas. The
unit also develops the student’s understanding of the theoretical concepts behind these methods.

Conditions
Exclusions: You may not register for this course in the same year as:
• MT105a Mathematics 1
• MT105b Mathematics 2
• MT1186 Mathematical methods

Aims and objectives


The objectives specifically include:

• to enable students to acquire skills in the methods of calculus (including multivariate calculus), as
required for their use in further mathematics subjects and economics-based subjects
• to prepare students for further units in mathematics and/or related disciplines

Learning outcomes
At the end of the course and having completed the essential reading and activities students should
be able to:

• use the concepts, terminology, methods and conventions covered in the unit to solve
mathematical problems in this subject,
• solve unseen mathematical problems involving understanding of these concepts and application
of these methods
• see how calculus can be used to solve problems in economics and related subjects
• demonstrate knowledge and understanding of the underlying principles of calculus.

Essential reading

Please consult the current EMFSS Programme Regulations for further information on the availability of a course,
where it can be placed on your programme’s structure, and other important details.

MT1174 Calculus Page 1 of 2


For full details, please refer to the reading list.
Binmore, K. and J. Davies Calculus. (Cambridge: Cambridge University Press, 2011) second revised
edition [ISBN 978-0521775410]
Anthony, M. and N. Biggs Mathematics for Economics and Finance. (Cambridge: Cambridge
University Press, 1996) [ISBN 978-0521559133]

Assessment
This course is assessed by a three-hour unseen written examination.

Syllabus
This unit develops basic mathematical methods and concepts of calculus and will include their
applications to problems in economics, management and related areas.
Basics: Revision of basic algebra; powers; sets; functions (including trigonometric functions); graphs;
factorisation; inverse and composite functions; exponential and logarithm functions; conic sections;
trigonometric identities.
Differentiation: The meaning of the derivative; standard derivatives; Product rule, quotient rule and
chain rule; Tangent lines; Taylor series; using derivatives for approximations; marginals; elasticities.
One-variable optimisation: First-order conditions; first and second-order tests for nature of a critical
point; convexity and concavity; profit maximisation; the effects of taxation; curve sketching.
Integration: Indefinite integrals; Definite integrals; Standard integrals; Substitution method
(including trigonometric substitutions); Integration by parts; Partial fractions; consumer and
producer surplus.
Functions of several variables: Contours, principal sections and partial derivatives; chain rule,
homogeneous functions, gradient vectors, directional derivatives, tangent planes, Taylor series.
Multivariate optimisation: unconstrained optimisation; convex and concave functions; constrained
optimisation; applications of unconstrained and constrained optimisation; the meaning of Lagrange
multipliers.
Differential equations: Separable equations; first-order linear equations; homogeneous equations;
exact equations; second-order equations with constant coefficients; systems of first-order
equations; some applications.

Please consult the current EMFSS Programme Regulations for further information on the availability of a course,
where it can be placed on your programme’s structure, and other important details.

MT1174 Calculus Page 2 of 2

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