ECC1550: Introductory mathematics for business and economics

Overview

Decision-making in business and economics often involves making the best possible choice out of what is feasible given the prevailing constraints. This unit introduces the key mathematical tools and techniques for formulating and solving unconstrained and constrained optimization problems. It covers the basic concepts of sets, relations, and functions, single-variable and multi-variable differential calculus, and primarily focuses on developing the capacity to utilize calculus to solve optimization problems and interpret the solutions.

Assessment

1 - Within semester assessment - 75% 2 - Examination - 25%

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning and peer directed learning.

Sustainable development goals

Adopted by the UN Member States in 2015, the 17 Sustainable Development Goals (SDGs), are an urgent call for action by all countries - developed and developing - in a global partnership. Read more

This unit covers content related to the following SDGs:

1. No Poverty 10. Reduced Inequalities 13. Climate Action 16. Peace Justice and Strong Institutions