Mathematics (MATH)

School of Mathematics and Statistics
Faculty of Science

MATH 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 ECON 1401.)
Precludes additional credit for MATH 1009 and MATH 1119.
This course is not acceptable for (substitute) credit in any of the following degree programs: B.Math., and also B.Sc., B.C.S., B.Eng., B.I.D.
Prerequisites: 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.