Lecture Notes 1 Calculus for Business Course Outline Implicit Differentiation Application of the Derivatives in Business and Economics

cs (Cost, Average Cost, Marginal Cost, Revenue, Average Revenue, Marginal Revenue, Profit and Marginal Profit)

I. The Straight Line Inclination and Slope The General Straight Line Equation of the

Standard forms of the Equation of the Straight Line Application of the Straight Line in Business and Economics (Demand and Supply, Market Equilibrium, Breakeven Analysis, Gross Mark-up of a product, Depreciation, Budget Equation, and Simple Discount)

III. The Integrals Indefinite Integrals Basic Rules for Integrals

II. Differential Calculus Functions of One Variables Functions and Graphs Limits Rules to Evaluate Limits Increments The Derivative as Rate of Change Basic Rules for Derivatives (The Derivative of a Constant, Power and Sum, Difference and Quotient of Functions) Higher Derivatives Maxima and Minima

Applications of the Integrals Business and Economics

in

(Total Cost Function, Total Revenue Function, Total Physical Output, National Consumption and Savings) Definite Integrals
Application of the Definite Integrals

in Business and Economics (Consumers Surplus and Producers Surplus)

Lecture Notes 2 Calculus for Business I (+,+) II (-,+) III (-,-) IV (+,-)

The Straight Line the simplest curve very important in the study of economics

There is always a one-to-one correspondence between a pair of point. Angle of Inclination

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the smallest positive angle which the line makes with the positive x-axis.

Rene Descartes (1596-1650)

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French mathematician He studied the relationship of the straight line and algebraic equations (with two variables)

Slope of a line the tangent function of the inclination of the straight line, denoted by m.