Course Description
This course aims at providing students with a sound foundation in mathematics that is required for future courses in quantitative methods and economics, as well as for some business subjects. Basic knowledge and applications in mathematical functions, matrix algebra, and calculus will be introduced. By exposing the students to various business and economic applications through a wide range of mathematical procedures, the students not only will get familiar with numerous business procedures that require the use of mathematics, but will also be able to use mathematics to solve some basic business problems.
Intended Learning Outcomes
Upon successful completion of this course, students will be able to:
1. Become familiar with some basic quantitative analysis in business and economics, including demand-supply analysis and break-even analysis;
2. Apply techniques of differentiation (including product, quotient and chain rules) to compute the derivatives of functions built from polynomial, exponential, and logarithmic expressions;
3. Use derivatives to solve applied problems in optimization, related rates, and marginal analysis;
4. Use definite integrals to compute area under a curve, total change, and average value;
5. Apply appropriate mathematical reasoning to address problems in everyday life.