(formerly Math 121:122: Business)
MATH 126. Business Calculus
Three Lecture Hours (3).
Prerequisites: Four Years of High School Mathematics.
An introduction to calculus with particular emphasis on applications in business and economics. Topics include functions, limits and continuity, differentiation, exponential functions and logarithms, anti-derivatives and the integral. Students who wish to strengthen their mathematics skills before taking MATH 126 are advised to enroll in MATH 125. Will not satisfy requirements for a major in mathematics. Students who have received credit for MATH 121 or for MATH 151 may not also receive credit for MATH 126. This course has been approved for credit in the Mathematical Sciences Area of the Core Curriculum.
Detailed Description of Course
The course will cover the following topics
- Precalculus review as needed
- Functions and their graphs
- Limits and continuity
- Techniques of differentiation – product, quotient and chain rules
- Marginal cost, marginal revenue and marginal profit
- Elasticity of demand
- Applied optimization problems
- Exponential functions and their derivatives
- The natural logarithm
- Area and the fundamental theorem of calculus
- Consumer and producers surplus
Detailed Description of Conduct of Course
Most instructors will use the lecture method; some may require students to work together in small groups. Calculators and computers will be used both inside and outside class. In all sections students will be expected to work problems assigned as homework.
Student Goals and Objectives of the Course
Students with a major in the College of Business and Economics are expected to develop and improve their skills in mathematics.
Students will be able to use the tools of mathematics and quantitative reasoning to conceptualize and solve problems.
Students will be able to:
a. identify and interpret relationships among numeric, symbolic, and graphical information
b. generate mathematical models using numeric, symbolic, and graphical information for use in real-world applications
c. solve problems using numeric, symbolic, and graphical information
Graded tasks may include homework, quizzes and written exams; they may also include group projects and written or oral class participation.
Other Course Information
Review and Approval Date