What is difference business & “Business Calculus”?

Photo of author
Written By MatthewWashington

We believe in empowering our readers with knowledge and tools to make informed insurance decisions. Our mission is to simplify insurance, making it accessible and understandable for all.

 

 

 

 

There are many similarities between business calculus (sometimes called “applied math” or “calculus of business and the social sciences”, as well as calculus or “calc 1.” The courses’ focus and some of the skills they cover are however different. Depending on what major you have and your plans for further education or graduate school, which course you choose to take will determine the type of course you take.

  • Which topics are covered in both the business calculus courses?
  • These are the main topics you will be learning in your first calculus course.

Limits – This is about understanding how functions f(x), as they approach certain values, behave. Limits can be found using graphs or algebraic techniques.

Derivatives – derivatives can be used to understand rates of change. They are an integral part of any course in introductory calculus and will also be a major part of both classes.

Derivative applications – Using derivatives, you can understand graphs functions in ways that are not possible in previous courses. This application is studied both in as well as calc 1. The same principles can be applied to application problems as well, such as finding maximum profit (a common application in a course in business calculus).

Integration – integrals can be used to explain the area beneath a graph or to “undo” derivatives. In your first and second calculus courses, integration techniques (how you find integrals) will be covered. These topics are more commonly covered in regular calculus than in business calculations.

You may also be interested in additional topics, depending on the instructor and the textbook.

See also  How much Does Enterprise Insurance Coverage Plan Policies Expense

What is the Difference Business Calculus?

Trigonometry is one of the most important differences. Trigonometric functions such as sin(x), cos(x) are not used in business calculus. These functions are used in regular calculus courses, however. You can use them in any topic, from integrals to limits.

Another difference is the focus. You craigslist norfolk will also see concepts like marginal analysis in business calculus. This is where you can use tools such as revenue functions, cost functions and derivatives to understand the business situation. This topic is not usually covered in calculus courses. Students in calc 1 will not see any application problems, but they might be related to engineering or physics. Even if students see a business application they will be focusing on the mathematical techniques.

In a regular calculus course you will also be taught definitions and proofs which are essential to understand the theory side. These topics may be covered in business calculus but not at the same level. Instead, time is spent on applications.

Which course business calculus should I take?

It depends on what college you attend, your major and your future plans. It is required in some business degree programs. In others, you may not be able to take it. Talk to an advisor or a professor from the business department for more information.