Applied Calculus for Business, Economics, and Social Sciences

9781495122576: Applied Calculus for Business, Economics, and Social Sciences
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Mathematics for business, economics, and social sciences is a quantitative tool used by commercial enterprises and/or social scientists to record and manage business operations, and to understand or quantify human behavior and social systems. Commercial organizations use mathematics in accounting, inventory management analysis, marketing, sales forecasts, and financial analysis. The mathematical expertise needed to analyze and understand business and social systems include arithmetic, elementary algebra, intermediate algebra, college algebra, statistics, probability theory, and elementary applied calculus. This textbook was designed for an undergraduate, entry level course in applied calculus for students in business, economics, and the social sciences. The textbook is more of a survey course in elementary applied calculus that does not go into the same depth as standard calculus courses required for studies in science, engineering, technology, mathematics, and medicine (STEMM). Most students of business, economics, and social sciences are required to take applied calculus and elementary statistics which are the two most common courses in mathematics required in these fields of study. However, those students of economics wishing to pursue graduate studies in economics should either take the regular calculus course sequence in addition to or in lieu of a course in applied calculus. The regular calculus course sequence for STEMM students covers trigonometric functions and requires an understanding of mathematical proofs. Students in economics at the graduate level are also expected to have a rigorous foundation in linear algebra and other advanced mathematics courses such as differential equations and advanced probability theory and statistics.

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