Course Name: Calculus for Economists

Course Code: Econ1011

Schedules of Lecture topics, Lecture hours, Reading materials

Chapter Lecture Topic Lecture Reading Material
Hours
1.1 Theoretical Vs Mathematical Economics
1.2 Functions
1.2.2 Types of Functions A.Chiang: chapter
1.2.3 Multivariable Functions 1(p3-5, 145-147)
1. Introduction 1.2.4 Inverse and Implicit Functions 4 hours Larson: chapter
1.2.5 Exponential and Logarithmic P&chapter 1(p1-
Functions 83)
1.2.6 Monotonic and Homogeneous Knut : chapter
Functions 5(p117-122, 129-
1.2.7 Application of Functions in 132)
Economics Kapoor, sec. 3.2-
3.15
Laurance (etal),
P.1-57;
Barnett, P.1-98
Laurence et al, P.57-88;
2 Limit and 2.1 The Concept of Limit 4 hours Barnett et al, P.485-519;
Continuity 2.2 The Limit Theorems Chiang, P.145-154
2.3 Continuous Functions and criteria for Kapoor, sec. 4.2-4.14
continuity
2.4 Economic Applications of limit and
continuity

The Concept of First-Order Derivatives

3 The Geometric Interpretation of Derivatives: slope of a Larson: chapter
Derivatives curve 2(p95-141)
Continuity and Differentiability of a Function Knut: chapter
Rules of Differentiation 5(p117- 156)
Derivatives of Logarithmic and Exponential 14 hours Chiang: chapter
Functions (p187-204)
Higher Order Derivatives Kapoor, sec. 5.1-
The sign of the Derivative
5.30
Maximization and Minimization
Dowling, E., P 43
Economic Application of Derivatives
The Marginal Concepts in Economics Elasticties Laurence et al,
Optimization: unconstrained optimization and P.96-157;
constrained optimization with equality Barnett et al,
P.525-650;
4 Differential Partial Derivatives
Calculus of First-order Partial Derivatives  Dowling E., p 100-110
 Multivariable Higher Order Partial Derivatives  Kapoor, P 7.2- 7.26
Functions Differential and Total Derivatives  Laurence et al, P.510-
Total Differentials 10 hours 533, 545-558
Total Derivatives
Rules and Partial Derivative of Implicit and Inverse  Chiang A., 174-178
Functions  Barnett et al, P.697-703
Optimization of Multivariable Functions
Constrained and Unconstrained Functions
Constrained Optimization-the Method of Lagrange
Composite Function
Economic Application of Partial Derivatives
5 Integration The Concept of Integration Larson : chapter
Properties of Integration 4(p247-282)
Techniques of Integration Knut:
Integration by Substitution chapter8(p215-243)
Integration by Part
Integration by Partial Fraction Chiang: chapter
The Definite Integral 11hours 13(p435-458)
Properties of Definite Integral Kapoor, P 10.2 –
Integral and area under the curve 10.34
Economic Applications of Integrals Barnett et al,
Consumers’ and producers” surplus P.742-767, 789-
Total function derivation from marginal's
791, 835-849
Laurence et al,
P.356-425
6 Linear Definitions and Concepts  Chiang, P 470 – 496, P
Differential First-Order-Linear differential Equations 549 -569
and First-Order-Linear difference Equations 5 hours Laurence et al, P.586-646
Difference Economic Applications of Linear Differential and
Equations Difference Equations

Course Policy

 Late coming is not allowed and no student is allowed to enter after class has started.
 Duplication of assignments is strictly forbidden; it entails serious penalty.
 Assignments are required to be submitted before or on the deadline.
 Cheating during exam sessions results in a minimum of “F “grade while cheating in
quizzes and tests is subjected to a zero mark. All cheating cases will be reported to the
department for further considerations.
 Students should switch off their cell phones while they are in class and must keep their
cell phones switched off during all kinds of exam sessions.
 students must attend 80% of the class for the course. Failure to attend 80% of the class
will not allow the student to sit for the final exam.
 Missing a quiz without convincing evidences will earn the students a grade of zero marks
in that specific quiz

Text Books:
  Barnet R.A. and M.R. Ziegler, (1994), Applied Mathematics for Business Economics, Life
Sciences and Social Sciences, 4th edition, MacMillan College Publishing Company.
 Laurence D. Hoffmann, Gerald L. Bradley and Kenneth H. Rosen, Applied Mathematics
for Business Economics, Life Sciences and Social Sciences
 Chiang A.C, (1984), Fundamental Methods of Mathematical Economics, McGraw Hill,
Inc.
 Knut Sydsæter and Peter Hammond: Mathematics for Economics I and II. Ethiopian
Edition
 Knut Sydsæter and Peter Hammond: Essentials of Mathematics for Economics.
References:

 Allen R.G.D. ( 1963),Mathematical Economics , 2nd edition Macmillan , new

York
 Allen R.G.D. (1962) , Mathematical Analysis for Economists ,Macmillan,
London
 Yamane T. (1978), mathematics for Economists: An elementary ,Survey ,2nd edition,
prentice -Hall
 Dowling E.J.T., (1980) , Mathematics for Economists , Schaum’s out line series,
McGraw-Hill, Inc.
 Any other intermediate textbooks on “ Calculus and Microeconomic theory “ can
largely serve the purpose