MATH 108C – CALCULUS

COURSE DESCRIPTION
This course aims to reveal the dynamics behind differential and integral calculus.
Differential caluculus, focusing much on the derivatives, will be discussed as a tool to
understanding economic theories. Optimization will be the core of the discussion.
Integral calculus will likewise be discussed in order to emphasize its role in the
determination of consumer surplus, producer surplus and other areas in graphs that are
used to aid in the understanding of economic theories.

COURSE OBJECTIVE/VALUES

By the end of the term, the student is expected to

1. Be able to understand the slope and be able to compute slopes in the form of marginal
utility, marginal cost, marginal revenue etc.
2. Be able to understand optimization, its importance and various uses.
3. Derive statistical equations, consumer surplus, producer surplus and other graphical
areas.

COURSE OUTLINE
1. Differential Calculus (1st to 4th week) Lecture, Group Work, Problem Solving
1.1. Rules of Differentiation
1.1.1. Power Rule
1.1.2. Sum/Difference Rule
1.1.3. Product Rule
1.1.4. Quotient Rule
1.1.5. Chain rule
1.1.6. Exponential Rule
1.1.7. Logarithm of base B
1.1.8. Natural logarithm
1.2. Higher Order Dervatives (5th to 6th week) Lecture, Problem Solving
1.2.1. Concavity
1.2.2. Convexity
1.3. Economic Applications (7th to 8th week) Lecture, Problem Solving
1.3.1. Production Functions
1.3.2. Cost Functions
1.3.3. Revenue and Profit Functions
1.3.4. Demand Functions and Elasticity
2. Unconstrained Optimization (9th to 11th week)Lecture, Group Work, Problem Solving
2.1. First Order Condition
2.2. Second Order Condition
2.3. Economic Application
3. Constrained Optimization (12th to 14th week) Lecture and Problem Solving
3.1. First Order Condition
3.2. Second Order Condition
 3.3. Economic Application
4. Integral Calculus (15th to 17th week) Lecture, Group Work and Problem Solving
4.1. Rules of Integration
4.2. Economic Application

Reference:
Simon and Blume (1994). Mathematics for Economists. W.W. Norton and Company.

Introduction to Mathematical Economics. Rolando Danao. UP Publishing.

Fundamental Methods of Mathematical Economics, 4th Edition

Kevin Wainwright, Simon Fraser University
Alpha C Chiang, University of Connecticut

Consultation Hours: TTH 2-2:30

Email: leah_estacio@yahoo.com