MINISTRY OF EDUCATION AND TRAINING SOCIALIST REPUBLIC OF VIETNAM

NATIONAL ECONOMICS UNIVERSITY Independence-Freedom-Happiness

COURSE SYLLABUS
FOR FULL-TIME UNDERGRADUATE PROGRAMS

1. COURSE NAME: Calculus and its Applications in Economics and Business

Course Code: MATH1122 Number of Credits: 3
Program: FINTECH

2. DEPARTMENT IN CHARGE OF INSTRUCTION

Department of Fundamental Mathematics
Office: 11th floor, Building A1, National Economics University, 207 Giai Phong Road, Hanoi,
Vietnam
Office Hours: 8am-5pm, from Monday to Friday
Office Telephone: 084 4 36283007, ext: 5944 or 5798
Lecturer: Tong Thanh Trung
Mobile phone: 0904147146
Email: [email protected], [email protected]

3. PRE-REQUISITE: Linear Algebra and its applications in Economics and Business

(MATH1121)
4. COURSE DESCRIPTION
The module is located in the general knowledge of the financial technology bachelor’s
curriculum. The module provides the basic contents of calculus applied in economics. The module
aims to train thinking ability, improve math skills and apply calculus knowledge to research
economic objects. This unit is also equipped the basic knowledge to students learning modules
Microeconomics, Macroeconomics, Mathematical models in economics, Probability theory and
statistics, Econometrics. The course will introduce mathematical concepts and their applications
on economics and business. We emphasize on Calculus, which are widely used in almost all
branches of sciences, including business and economics. Students will get familiar with some basic
concepts about Calculus of one variable functions, calculus of multivariate functions, Integration,
Optimization problems of function of several variables and learn how to use them to solve
economic problems. The course is application-oriented; students will learn the use of mathematics
through its applications.

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5. LEARNING OUTCOMES
On successful completion of this course students will be able to:
* To gain confidence with mathematics
* To develop analytical skills
* To develop organizational skills
* To develop both independent learning and group work skills
* To develop verbal and non-verbal communication skills
* To successfully use mathematics in economics and business applications
6. COURSE OBJECTIVES

TOPICS TO BE COVERED
 Limits and Continuity of function of one variable
 Differentiation of the function of one variable and its applications.
 Integration and its economic applications
 Calculus of several variables
 Unconstrained optimization and constrained optimization

7. COURSE CONTENT AND LECTURE PLAN

TENTATIVE SCHEDULE

In details
Total Practice,
No Contents
hours Theory Discussion,
Exams
1 Chapter 1. Functions, Graphs, and Limits 6 3 3
2 Chapter 2. Differentiation: Basic concepts 6 4 2
3 Chapter 3. Additional Applications of the 6 4 2
derivatives
4 Chapter 4. Integration and its applications 9 6 3
5 Chapter 5. Additional Topics in integration 6 4 2
6 Chapter 6. Calculus of several variables 12 9 3
Total 45 30 15

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Weeks 1-2: CHAPTER 1. FUNCTIONS, GRAPHS, AND LIMITS

Chapter 1 provides fundamental concepts of functions, graphs, somes concepts and theorems
of limits of sequence, limits of function, continuity.

1.1 Functions
1.2 The Graph of a Function
1.3 Linear Functions
1.4 Functional Models
1.5 Limits
1.6 One-Sided Limits and Continuity

Reading and Homework: Chapter 1[1], Chapter R, 1 [2], Chapter 2, 6, 7 [3], Chapters 2, 3,
4, 5 [4], Chapter 2, 3, 4, 5, 6 [5].

Weeks 3-4: CHAPTER 2. DIFFERENTIATION: BASIC CONCEPTS

This chapter also covers the differential calculus of functions of one variable: differentiablility,
some derivatives formulas and applications of derivative in economics.

2.1 The Derivative

2.2 Techniques of Differentiation
2.3 Product and Quotient Rules; Higher-Order Derivatives
2.4 The Chain Rule
2.5 Marginal Analysis and Approximations Using Increments
2.6 Implicit Differentiation and Related Rates

Reading and Homework: Chapter 2[1], Chapter 1 [2], Chapter 2, 6, 7 [3], Chapters 2, 3, 4, 5
[4], Chapter 2, 3, 4, 5, 6 [5].

Weeks 5-6: CHAPTER 3. ADDITIONAL APPLICATIONS OF DERIVATIVE

Chapter 3 reviews applications of derivative in economics and mathematics, L’Hospital’s rule. It

introduces some optimal problems in economic analysis.

3.1 Increasing and Decreasing Functions; Relative Extrema

3.2 Concavity and Points of Inflection
3.3 Curve Sketching
3.4 Optimization; Elasticity of Demand
3.5 Additional Applied Optimization

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Reading and Homework: Chapter 3[1], Chapter 1, 2 [2], Chapter 2, 6, 7 [3], Chapters 2, 3, 4,
5 [4], Chapter 2, 3, 4, 5, 6 [5].

Weeks 7-9: CHAPTER 4. INTEGRATION AND ITS APPLICATIONS

Chapter 4 discuss about integrals of function of one variable. The content of this chapter includes
concepts, properties and ways to evaluate antiderivatives, definite integral, and their economic
applications.

4.1 Antidifferentiation: The Indefinite Integral

4.2 Integration by Substitution
4.3 The Definite Integral and the Fundamental Theorem of Calculus
4.4 Applying Definite Integration: Area Between Curves and Average Value
4.5 Additional Applications to Business and Economics
4.6 Additional Applications to the Life and Social Sciences

Midterm Exam 1
Reading and Homework: Chapters 5 [1], Chapter 4, 5 [2], Chapter 12 [3], Chapter 16 [5],
Chapter 5, 6, 8 [4].

Week 10-11: CHAPTER 5. ADDITIONAL TOPICS IN INTEGRATION

This chapter introduces some integration techniques, improper integrals and some another
applications of integration.

5.1 Integration by Parts; Integral Tables

5.2 Introduction to Differential Equations
5.3 Improper Integrals; Continuous Probability
5.4 Numerical Integration

Reading and Homework: Chapters 6 [1], Chapter 5 [2], Chapter 12 [3], Chapter 16 [5],
Chapter 5, 6, 8 [4].

Weeks 12-15: CHAPTER 6. FUNCTIONS OF SEVERAL VARIABLES

This chapter treats differentiation of functions of several variables and its applications.
Chapter 6 introduces basic concepts, limits, continuity, partial derivatives and application of these
in economics.

6.1 Functions of Several Variables

6.2 Partial Derivatives

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6.3 Optimizing Functions of Two Variables
6.4 The Method of Least-Squares
6.5 Constrained Optimization: The Method of Lagrange Multipliers

Reading and Homework: Chapters 7 [1], Chapter 6 [2], Chapter 8, 9, 10, 11 [3], Chapter 11,
12 [5], Chapter 13, 14 [6]

Midterm Exam 2
Revised
Final Exam
8. REQUIRED TEXTBOOK & COURSE MATERIALS

[1] Required: Calculus for Bussiness, Economics, and the Social and Life Sciences, LAURENCE
D. HOFFMANN, GERALD L. BRADLEY, DAVE SOBECKI, MICHAEL PRICE, Mc Graw Hill
Connect Learn Succeed, Eleventh Edition (2016).
9. RECOMMENDED TEXTS & OTHER READINGS
[2] Additional: Calculus and its applications, Tenth Edition, MARVIN L. BITTINGER AND
DAVID J. ELLENBOGEN, (2012).
[3] Additional: Mathematical Methods for Economics, Second Edition, Addison Wesley, Michael
W.Klein, (2002).
[4] Additional: Methods of mathematical Economics, CHIANG, A.C, (1985).
[5] Additional: Mathematics for economics, Second edition, MICHAEL HOY, JOHN
LIVERNOIS, CHRIS MCKENNA, RAY REES, THANASIS STENGOS, (2001).
[6] Additional: Mathematics for Economists, CARLP. SIMON, LAWRENCE BLUME, (1994).
10. ASSESSMENT & GRADING POLICY
Your course score will be determined as the following weighted average:

Item Weight
Attendance 10%
Midterm 1 20%
Midterm 2 20%
Final Exam 50%
Total 100%

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 Grading Criteria: % Letter Grade
96%-100% A+ 4,0
91%-95% A 4,0
85%-90% A- 3,7
81% - 84% B+ 3,3
7,6%-80% B 3,0
71%-75% B- 2,7
66%-70% C+ 2,3
61%-65% C 2,0
55%-60% C- 1,7
51%-54% D+ 1,3
46%-50% D 1,0
40%-45% D- 0,7
<39% F/WU/IC 0,0

 Attendence policy:

Attendance is required. You are responsible for everything that happens in the class. If you miss a
class, ask your friends about materials covered in the class. The parts of the course are very well
related to each other. It is a requirement that a student need to attend at least 80% time of course
to have the right to take the final exam.
HaNoi, Date 28 Month 03, 2023
LECTURER PRESIDENT OF
THE NATIONAL ECONOMICS
UNIVERSITY

Dr. Tong Thanh Trung