Economics (ECON)
Department of Economics
Faculty of Public Affairs
ECON 1401 [0.5 credit]
Elementary Mathematics for Economics I
Functional relations: including functional forms and error terms. Graphing economic magnitudes: scatter diagrams, time-series graphs, and functional relationships. Applied calculus: the mechanics of differentiation and integration, elasticity, and consumer/producer surplus. Applied algebra: solving systems of linear equations and Keynesian national-income analysis. Approaches to problem solving. (Also listed as
MATH 1401.)
This course is complementary to
ECON 1000 and
FYSM 1003.
Precludes additional credit for
MATH 1009 and
MATH 1119.
Prerequisites: Ontario Grade-12 U Advanced Functions, or
MATH 0005, or equivalent; and
ECON 1000 or
FYSM 1003, which may be taken concurrently with ECON 1401.
Lectures three hours a week, tutorials one hour a week.