MT1174 Calculus

Course information 2024-25
MT1174 Calculus
General information
MODULE LEVEL: 4
CREDIT: 30
NOTIONAL STUDY TIME: 300 hours
MODE: Locally Taught, Independent Learner Route and Online Taught
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
Please refer to the relevant programme structure in the EMFSS Programme Regulations to check:
• where this course can be placed on your degree structure; and
• details of prerequisites and corequisites for this course.
You should also refer to the Exclusions list in the EMFSS Programme Regulations to check if any
exclusions apply for this course.
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
MT1174 Calculus Page 1 of 3

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.
Employability skills
Below are the three most relevant employability skills that students acquire by undertaking this
course which can be conveyed to future prospective employers:
1. Complex problem solving
2. Decision making
3. Adaptability and resilience
Essential reading
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, 2024) [ISBN 978-1108459433].
Assessment
This course is assessed by a three-hour and fifteen-minute closed-book 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.

MT1174 Calculus

Uploaded by

Copyright:

Available Formats

MT1174 Calculus

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

MT1174 Calculus

Uploaded by

Copyright:

Available Formats

Course information 2024-25

Aims and objectives

MT1174 Calculus Page 1 of 3

MT1174 Calculus Page 2 of 3

Integration: Indefinite integrals; Definite integrals; Standard integrals; Substitution method

Multivariate optimisation: unconstrained optimisation; convex and concave functions; constrained

Differential equations: Separable equations; first-order linear equations; homogeneous equations;

MT1174 Calculus Page 3 of 3

You might also like