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
