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For reference only, will be updated in AY2022-23. Spring 2022 Department of Economics, Lingnan University SSC2114: Calculus Recommended Study Year : 3 and 4 No. of Credits/Term : 3 Mode of Tuition : Lecture-Tutorial Class Contact Hours : 3 hours per week Category in Major Prog. : Elective Discipline : Social Sciences Prerequisite(s) : N/A Co-requisite(s) : N/A Exclusion(s) : N/A Exemption Requirement(s) : N/A Instructor: Chi Leung WONG (Adam) Office: WYL 226 Phone: 2616-7149 Email: adamwong@ln.edu.hk Office Hours: Wednesday 2:30pm—5:00pm, Friday 3:30pm—6:00pm Brief Course Description The course covers both differential calculus and integral calculus. It will discuss basic derivatives and integration techniques with one variable as well that with more than one variable functions. Applications to economics, social sciences, managerial sciences, etc. will be covered. Aims The course aims to provide students with a clear comprehension of the concepts and theory of calculus, and be able to use calculus intelligently for solving a wide variety of mathematical problems as used in the social sciences. Learning Outcomes (LOs) Upon completion of the course, students will be able to: 1. demonstrate basic knowledge and techniques of calculus 2. apply the knowledge and techniques of calculus in economics analysis; 3. demonstrate understanding of the basic structure and components of relationships among variables in economics and in social research. Indicative Contents 1. Functions a. The Real Number Line b. Sets and Intervals c. Functions and Graphs d. Combinations of Functions 2. Limits a. The Tangent Problems b. The Concept of Limit c. Limit Laws d. Continuity and the Intermediate Value Theorem 3. Derivatives a. The Concept of Derivatives b. Differentiability c. Higher Order Derivatives d. Differentiation Formulas e. The Chain Rule 4. Graphing and Maximum-Minimum Problems a. The Maximum-Minimum Problems b. The Extreme Value Theorem c. First-Order Conditions, Critical Numbers, and the Closed Interval Method d. Increasing and Decreasing Functions e. The Second Derivatives and Concavity f. Optimization in Business and Economics 5. Differentiation of Functions of Two or More Variables a. Functions of Several Variables b. Partial Derivatives c. Higher Order Partial Derivatives d. General Version of the Chain Rule 6. Implicit Differentiation and Economic Applications a. Implicit Differentiation b. Level Curves and Economic Applications c. Comparative Statics and Economic Applications 7. Integrals a. The Area Problem b. Definite Integral c. Evaluating Definite Integrals through Limits d. Indefinite Integral e. The Fundamental Theorem of Calculus f. Properties of Integrals 8. Techniques of Integration a. Antidifferentiation Formulas b. Integration by Substitution c. Integration by Parts d. Economic Applications of Integration Teaching Method Lectures combined with tutorials and vigorous homework exercises. Measurement of Learning Outcomes Learning outcomes are measured by: 1. tutorials and quizzes are designed to assess student’s comprehension of lecture and assigned readings (LO1, LO2), 2. mid-term tests and final examination assess students’ understanding and applications of the techniques to the problem in economics (LO1, LO2, LO3), Assessment Tutorial Participation 10% Two quizzes (5% each) 10% Mid-term test 30% Final examination 50% Good Practices 1. Students are encouraged to make appointments with the instructor during office hours for individual/group consultation regarding the assigned questions. 2. A course teaching and learning evaluation is conducted after the mid-term test allowing for early feedback from students regarding the course. Required/ Essential Reading James Stewart, Calculus, International Metric Edition, 9th edition, Cengage Learning, 2020. Recommended/ Supplementary Readings Alpha Chiang and Kevin Wainwright, Fundamental Methods of Mathematical Economics, 4th edition, McGraw-Hill, 2005. George B. Thomas, Maurice D. Weir, and Joel R. Hass, Thomas’ Calculus, 12th edition, International Edition, Pearson, 2010. Or any other standard introductory textbooks for calculus Warning against plagiarism Sources of quotations should be spelled out clearly. Taking others’ writings as one’s own is plagiarism and will be taken seriously and punished accordingly.
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