Introduction to Calculus

Now we extend the analysis of non-linear functions by beginning to illustrate the use of differential calculus. This is an essential tool for economists because in many areas of economics we are interested in the speed of change of functions as a means of dealing with economic problems. We will look at two simple examples here and develop further examples in our final film to extend our understanding of differential calculus. (Duration 6 minutes 20 seconds). Part of a series of films from the METAL (Mathematics for Economics: enhancing Teaching and Learning) project that use a variety of industries as examples, to examine how businesses can maximise profits by using the mathematical technique of linear programming. This series also examines non-linear functions. They are fundamental building blocks for a course of mathematics for economics. These video clips and animations can be viewed in isolation, or via the learning pathway links to related materials in a Question Bank.