ECON 1078 is the first class of a two-sequence math course. It is divided into two parts. The first part is designed to give you some preliminaries, including basic algebra operations, equations, graphs and functions, and exponential and logarithmic functions. Part two of the course will focus on finite mathematics, which covers mathematics of finance, systems of linear equations, matrices, linear programming, and probability. Having taken these two courses, you will have the tools to better understand the mathematical framework in which economics models are based.
Special attention is paid to real-world problems that arise in business and economics.
Although homework will not be collected nor graded, the best way to prepare for the exams is by doing the homework. Additionally, several take-home quizzes will be assigned. In addition to the quizzes, there will be three midterm exams, and a cumulative final exam. Your average quiz grade will be worth 10 percent of your grade. Each midterm will be worth 20 percent and the final exam will be worth 30 percent.