Applications of Calculus in Business, Commerce and Economics

MBA course : Learn Importance of Calculus and its Applications in Business Administration , Commerce and Economics

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Description

Calculus has been applied extensively in many area of study as Physics, engineering etc. Here, in this course I am illustrating the application of calculus in Business, commerce and economics.

One of the primary interpretation of derivative is the rate of change concept. We will see in this course that how the rate of change concept can be of use in understanding the Marginal concept of Economics.

This course is useful for both beginners as well as for advanced level. Here, this course covers the following areas :

  1. Functions Related to Business ,commerce and economics

  2. Concepts of Average Cost, Marginal Cost, Average Revenue and Marginal Revenue

  3. Break Even Analysis

The course covers both the in-depth theory as well as examples so that the subject matter is clearly understood by the students. At the end of sections, practicing problems are given to boost confidence of the candidates. I am sure that the course will be create a strong platform for students and those who are pursing for higher Mathematics.

You will also get a good and friendly support in Q&A section . It is also planned that based on your feed back, new material like  price elasticity of supply, price elasticity of demand, maxima minima etc. will be added to the course. Hope the course will develop better understanding and boost the self confidence of the students who are doing MBA and other courses of management from different business schools and universities beside charted accountants and practicing cost accountants.

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What You Will Learn!

  • Learn Functions Related to Business ,commerce and economics
  • Learn Concepts of Average Cost, Marginal Cost, Average Revenue and Marginal Revenue
  • How to find Maximum Revenue
  • Learn about Slope of AC Curve
  • Learn concept of Break Even Analysis
  • Do the practice sheet problems of your own with confidence

Who Should Attend!

  • For business management students and professionals
  • Charted Accountants/Cost Accountants and financial researchers
  • Professionals of Banking and Insurance sector
  • Any one who wishes to know the importance and application of calculus in Business , commerce and economics