This course is designed for business students and introduces advanced mathematics essential for analyzing business scenarios. Initial topics cover foundational concepts, including cost, revenue, and profit functions, demand and supply curves, and basic function types such as polynomials, rational, exponential, and logarithmic functions. Building on this foundation, the course then focuses on calculus - emphasizing limits, derivatives, and integrals - as the core framework for applications in business. Students will explore how calculus applies to real-world scenarios like elasticity of demand, marginal analysis, consumer and producer surplus, as well as profit maximization and cost minimization. Throughout the course, students will employ calculus, algebra, and geometric methods to demonstrate and apply key concepts, theories, and practical strategies in various business contexts. Weekly hours: 3 Lecture hoursPrerequisite(s): Foundations of Math 30, Pre-Calculus 30, or MATH 102 Restriction(s): Restricted to students enrolled in the Edwards School of Business. Note: Students with credit for MATH 110.3, 121.3, 123.3, 125.3, 133.4, or 176.3 cannot take this course for credit. Students will receive credit for MATH 110.3 or MATH 176.3 as an elective in the B.Comm. program if taken after COMM 121.3.
This course is designed for business students and introduces advanced mathematics essential for analyzing business scenarios. Initial topics cover foundational concepts, including cost, revenue, and profit functions, demand and supply curves, and basic function types such as polynomials, rational, exponential, and logarithmic functions. Building on this foundation, the course then focuses on calculus - emphasizing limits, derivatives, and integrals - as the core framework for applications in business. Students will explore how calculus applies to real-world scenarios like elasticity of demand, marginal analysis, consumer and producer surplus, as well as profit maximization and cost minimization. Throughout the course, students will employ calculus, algebra, and geometric methods to demonstrate and apply key concepts, theories, and practical strategies in various business contexts. Weekly hours: 3 Lecture hoursPrerequisite(s): Foundations of Math 30, Pre-Calculus 30, or MATH 102 Restriction(s): Restricted to students enrolled in the Edwards School of Business. Note: Students with credit for MATH 110.3, 121.3, 123.3, 125.3, 133.4, or 176.3 cannot take this course for credit. Students will receive credit for MATH 110.3 or MATH 176.3 as an elective in the B.Comm. program if taken after COMM 121.3.
