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School of Economics and Finance

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ECN114 - Mathematical Methods in Economics and Business 1

Credits: 15
Semester: A

Overlap: MTH4100, MTH4107

Topics include concept of a function; linear functions; simultaneous linear equations; quadratic functions; rational functions; the concept of a derivative; rules of differentiation; the inverse function; optimisation of a function of one variable; second and higher derivatives; partial differentiation - conditions for relative extremum of a function of two variables; differentials and derivatives; total differentials; implicit functions; exponential and logarithmic functions and their derivatives - logarithms and elasticity.

Level: 4

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