Approved by Academic Council April 9, 2014

College of Social Sciences

Department of Economics

Course Code and Title: Course credits:

GEN1201/ECN1201 3
Mathematics for Business and Economics
Semester: Time and Place of the Lecture:
Spring 2022 MonWedFri
10:00 – 10:50, #116/Valikhanov bld. (Group 3),
11:00 – 11:50, #116/Valikhanov bld. (Group 4),
TTh
10:00 – 11:15, #116/Valikhanov bld. (Group 5)

Instructor: Aigerim Kalybay Office phone:

Office: # 237/Valikhanov bld. Office hours: TTh 11:30 – 12:30

Email: kalybay@kimep.kz Teaching assistant’s learning support hours:

Course Prerequisites: None

This course is a Prerequisite for:
1. Relationship of course and program
It is a foundation course that lays out the ground for business and economics curricula, it
develops the skills necessary to succeed in other courses such as Calculus (GEN 2410), Decision
Techniques and Tools (OPM3011), Business Microeconomics (FIN2105), Business
Macroeconomics (FIN2106), etc.

2. Course description
This course covers such important topics as limits, derivatives, graphing and optimization, anti-
derivatives and integrals, basic operations with matrices. Many examples are used to introduce
concepts and to demonstrate problem-solving techniques. Moreover, enough applications are
included to convince that mathematics is really useful in business and social sciences. Most of the
applications are simplified versions of actual real-world problems. There will be several tutorial
sessions that will allow students to solve problems in a setting that will test their understanding
and application of the materials presented in the lectures.
Approved by Academic Council April 9, 2014

3. Learning objectives
The main objective of this course is to learn the basics of the calculus of single variable functions.
Students will study derivatives, techniques of integration, matrices and determinants. Students
will apply these ideas to a wide range of problems that include curve sketching and optimization,
finding area between curves, solving matrix equations and system of linear equations using
matrix inversion and determinants. More generally, students will improve their ability to think
critically, to analyze a problem and solve it using a wide array of tools. Upon successful
completion of the course, students should be able to investigate functions, describe behavior of a
function in a precise way using concepts of limit and derivative.

4. Intended learning outcomes

1) The students should know the properties and graphs of basic elementary functions.
2) The students should be able to calculate limits.
3) The students should be able to calculate derivatives.
4) The students should be able to investigate functions using derivatives.
5) The students should be able to calculate integrals.
6) The students should know basic geometric and economic applications of integrals.
7) The students should be able to solve systems of linear equations using matrix inversion and
determinants.

5. Indicative Assessment scheme (in relation to ILOs)

Midterm 1, ILO 1, 2, 3, 4
Midterm 2, ILO 1, 2, 3, 4, 5, 7
Final, ILO 1, 2, 3, 4, 5, 6, 7

Midterm 1 30%
Midterm 2 30%
Final Exam 40%
Total 100%

Each Exam will be split into a few unannounced quizzes:

Midterm 1 = Quiz 1 (12%) + Quiz 2 (6%) + Quiz 3 (12%)
Midterm 2 = Quiz 4 (12%) + Quiz 5 (18%)
Final Exam = Quiz 6 (13%) + Quiz 7 (17%) + Quiz 8 (10%)

Those failing to attend a quiz will get 0 for the quiz. No make-up assignments, quizzes or exams
will be given.

All exercises offered on the Moodle platform comprise exercises for self-paced training. No
points are awarded for their submission.

6. Grading scale
A+ 90 – 100 C+ 67 – 69
A 85 – 89 C 63 – 66
A- 80 – 84 C- 60 – 62
B+ 77 – 79 D+ 57 – 59
B 73 – 76 D 53 – 56
B- 70 – 72 D- 50 – 52
F < 50
Approved by Academic Council April 9, 2014

Students are expected to attend all classes (regular or online) and be on time. Although attendance
is not included into the evaluation scheme, it may be taken into consideration in case of poor
performance.
No grade of “I” to be given because of poor performance. Missed final exam leads to an “I” only
if the proper documentation is presented and approved by KIMEP authorities.

7. Teaching and learning philosophy and methodology

This course will be taught using the traditional lecture-discussion method, where the main ideas
and important business/economic applications are explained. There will be tutorial sessions that
will allow students to solve problems in a setting that will enhance their understanding and
demonstrate applications of the material presented in the lectures.

8. Indicative course learning activities

Lectures: 45 hours.
Reading time: 40 hours.
Preparing for midterm 1: 20 hours.
Preparing for midterm 2: 20 hours.
Preparing for final exam: 25 hours.
Total: 150 hours.

9. Indicative class schedule

Week # Tentative content References Problems
chapters exercises
Week 1
Introduction. Functions. /1r/: p. 22-61 /1r/:
January 24 - Domain. Graphs. Sec. 1.1, 1.2, 1.3 p.30-31 Ex.1.1
30 Linear function. Straight p.43-44 Ex.1.2
line. Perpendicular and p. 62-89 p.73-74 Ex.2.1
parallel lines. Intersection Sec. 2.1, 2.2 p.85-87 Ex.2.2
of two lines. /2r/: p. 20-52 /2r/:
Examples. Applications. Sec. 1.1, 1.2, 1.3 p.32-33 Ex.1.1
p.44-45 Ex.1.2
p.63-64 Ex.1.3: 1-16, 27-34,
41-44, 49-52, 57-58

Week 2
Quadratic function. /1r/: p.89-137 /1r/:
January 31 - Parabola. Applications. Sec. 2.3, 2.4, 2.5, p.100-101, Ex.2.3
February 6 Polynomial function. 2.6 p.112-113, Ex.2.4
Rational function. /2r/: p. 52-102 p.123-124, Ex.2.5
Examples. Exponential Sec.1.3, 1.4, 1.5, p.135-135, Ex.2.6
functions. Logarithms. 1.6 /2r/:
Examples. p.63-54 Ex.1.3: 17-26, 35-40,
45-48, 53-56
p.77-78 Ex.1.4
p.88-89 Ex.1.5
p.100-101 Ex.1.6
Week 3
Approved by Academic Council April 9, 2014

Limits. Continuity. /1r/: 508-546 /1r/:

February 7 - 13 Properties of limits. Sec.10.1, 10.2, 10.3 p.519-521 Ex.10.1
Infinite limits and limits p.531-533 Ex.10.2
at infinity. Fundamental p.542-544 Ex.10.3
limits. Indeterminate /2r/: 112-150 /2r/:
forms. Examples. Sec.2.1, 2.2, 2.3 p.123-125 Ex.2.1
Asymptotes. p.135-137 Ex.2.2
p.146-148 Ex.2.3

Week 4
The derivative. Slope of a /1r/: p.546-568 /1r/:
February 14 - tangent line. Elementary Sec.10.4, 10.5 p.557-559 Ex.10.4
20 derivatives. Rules of p.601-616 p.567-568 Ex.10.5
differentiation. Sec. 11.2, 11.3 p.608-609 Ex.11.2
Differential of a function. p.615-616 Ex.11.3
/2r/: p.150-180 /2r/:
Sec.2.4, 2.5, 2.6 p.161-163 Ex.2.4
p.205-221 p.171-172 Ex.2.5
Sec.3.2, 3.3 p.179-180 Ex.2.6
p.212-213 Ex.3.2
p.219-220 Ex.3.3
Week 5
The chain rule. /1r/: p.618-626 /1r/:
February 21 - Higher order derivatives. Sec.11.4 p.625-626 Ex.11.4
27 L’Hopital’s rule. p.685-694 p.693-694 Ex.12.3
Examples. Sec.12.3
/2r/: p.222-230 /2r/:
Sec.3.4 p.229-230 Ex.3.4
p.289-289 p.297-298 Ex.4.3
Sec.4.3

Week 6
First derivative and /1r/:p.652-667 /1r/:
February 28 - graphs. Finding intervals Sec.12.1 p.663-667 Ex.12.1
March 6 of monotonicity. Critical /2r/:
values. Local extrema. p.267-270
First derivative test. /2r/: Ex.4.1
Examples. p.256-270
Midterm Preparation. Sec.4.1

Week 7
Second derivative and /1r/: p.668-682 /1r/:
March 7 - 13 graphs. Concavity. Sec.12.2 p.680-682 Ex.12.2
Inflection points. Second- p.694-715 p.703-705 Ex.12.4
derivative test for local Sec.12.4, 12.5 p.715 Ex.12.5: 73-80
maxima and minima.
Analyzing graphs.
Applications. /2r/: p.272-286 /2r/:
Sec.4.2 p.284-286 Ex.4.2
Approved by Academic Council April 9, 2014

p.298-319 p.307-309 Ex.4.4

Sec. 4.4, 4.5 p.319 Ex.4.5:73-80
Week 8
Antiderivatives. /1r/: p.734-755 /1r/:
March 14 - 20 Indefinite integrals. Sec.13.1, 13.2 p.742-744 Ex.13.1
Indefinite integral p. 754-755 Ex.13.2
formulas and properties.
Integration by /2r/: p.338-359 /2r/:
substitution. Examples. Sec.5.1, 5.2 p.346-348, Ex.5.1
p.458-359, Ex.5.2

Week 9
Integration by parts. /1r/: p.817-832 /1r/:
March 21 - 27 Technique of integration. Sec.14.3, 14.4 p.821-822 Ex.14.3
Examples. /2r/: p.421-436 p.831-832 Ex.14.4
Sec. 6.3, 6.4 /2r/:
p.425-426 Ex.6.3
p.435-436 Ex.6.4
Week 10
March 28 – Geometric-numeric /1r/: p.767-786 /1r/:
April 3 introduction to the Sec. 13.4, 13.5 p.774-776 Ex.13.4
definite integral. p. 796-804 p.785-786 Ex.13.5
Fundamental theorem of Sec. 14.1 p.802-804 Ex.14.1
Calculus. Examples. /2r/:
Area between two curves. p.378-380 Ex.5.4
/2r/: p.371-390 p.389-390 Ex.5.5
Sec. 5.4, 5.5 p.406-408 Ex.6.1
p.400-408
Sec. 6.1
Week 11
Algebra of matrices. /1r/: p.207-208 /1r/:
April 4 – 10 Transpose of a matrix. Sec.4.2 p.238-240 Ex.4.4
p.230-240 /3a/:
Sec.4.4 Ch.4 p.138-139,
/3a/: Ch.3 p.92-95,
Ch.4 p.126-132, Ch.8 p.290-291, 293
Ch.3 p.59-67, 80-
82,
Ch.8 p.285-286

Week 12
Determinant. Inverse /1r/: p. 242-253 /1r/:
April 11 – 17 matrix. Sec. 4.5 p.251-253 Ex.4.5
/3a/: /3a/:
Ch.1 p.1-7, Cp.1 p.14-18,
Ch.2 p. 28-37, Ch.2 p.43-49,
Ch.8 p.277-284 Ch.8 p.290-292

/3a/: /3a/:
Approved by Academic Council April 9, 2014

Ch.4 p.126-132, Ch.4 p.138-139,

Ch.3 p.59-67, 80- Ch.3 p.92-95,
82, Ch.8 p.290-291, 293
Ch.8 p.285-286
Week 13
Systems of linear /1r/: p. 216-227 /1r/:
April 18 – 24 equations. Matrix Sec. 4.3 p.225-227 Ex.4.3
equations. Cramer’s rule. p. 254-261 p.259-261 Ex.4.6
Gaussian elimination. Sec.4.6 /3a/:
/3a/: Ch.4 p.138-139,
Ch.4 p.126-132, Ch.3 p.92-95,
Ch.3 p. 59-67, 80- Ch.8 p.290-291, 293
82,
Ch.8 p.285-286

Week 14-15
Review. Final Review chapters: Review exercises:
April 25 – May Preparation. /1r/: p.58, 137, 588, /1r/: p.59, 140, 589, 649, 729,
8 647, 728, 789, 834, 791, 835, 271.
270.

10. Indicative Instructional resources

Main literature:

/1r/ College Mathematics for Business, Economics, Life science and Social science. 13 th
Edition. Raymond A. Barnet, Michael R. Ziegler, Karl E. Byleen. Published by Pearson.
2015.

Additional sources/literature:
/2r/ Calculus for Business, Economics, Life Sciences, and Social Sciences, 13 th Edition.
Raymond A. Barnet, Michael R. Ziegler, Karl E. Byleen. Published by Pearson. 2015.

Internet resources:
/1a/ Lipschuts S. Schaum’s Outline of Theory and Problems of Linear Algebra (on L-drive:
this e-book is taken from ProQuest Academic Complete and Library Thing Book (Ebook
Central) database).
/2a/ Instructor’s Handouts, Lecture Outlines, Formula sheets, Exercises, Solutions and/or
other teaching materials on L-Drive, under Instructor’s name.
/3a/ Stewart J. Calculus (on L-drive: this e-book is taken from ProQuest Academic Complete
and Library Thing Book (Ebook Central) database).