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2009-2010 Undergraduate Calendar

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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.

Summer session: some of the courses listed in this Calendar are offered during the summer. Hours and scheduling for summer session courses will differ significantly from those reported in the fall/winter Calendar. To determine the scheduling and hours for summer session classes, consult the class schedule at

Not all courses listed are offered in a given year. For an up-to-date statement of course offerings for the current session and to determine the term of offering, consult the class schedule at

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