Calculus for Economics,Commerce and Management

By Prof. I. K. Rana   |   IIT Bombay
Learners enrolled: 2045
This course is based on the course "mathematics for Economics, Commerce and Management", which was run at IIT Bombay for 8 years. Mathematical tools give a precise way of formulating and analyzing a problem and to make logical conclusions. Knowledge of mathematical concepts and tools have have become necessary for students aspiring for higher studies and career in any branch of Economics, Commerce and Management. Math for ECM aims to strengthen the mathematical foundations of students of Economics, Commerce, and Management. Professionals working in these field, wishing to upgrade their knowledge, will also benefit. The stress of the course will be on building the concepts and their applications. The main topic will be Calculus and its applications.
INTENDED AUDIENCE : Students, PhD scholars, teachers, industry PREREQUISITES : Basic School Mathematics
Course Status : Completed
Course Type : Core
Duration : 8 weeks
Category :
  • Mathematics
Credit Points : 2
Level : Undergraduate
Start Date : 23 Aug 2021
End Date : 15 Oct 2021
Enrollment Ends : 30 Aug 2021
Exam Date : 23 Oct 2021 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1  :  Revision of basic concepts from Mathematical finance
Week 2  :  Basic set theory and concept of functions
Week 3  :  Limits and Continuity of a function of one variable and its applications
Week 4  :  Derivative and tools to compute
Week 5  :  Application of derivatives in increasing/decreasing
Week 6  :  Application of derivatives in optimization
Week 7  :  Functions of several variables
Week 8  :  Applications

Books and references

Chiang, A.C. (2005): Fundamental Methods of Mathematical Economics, McGraw Hill, ND.,

Instructor bio

Prof. I. K. Rana

IIT Bombay
I am Emeritus Fellow at Department of Mathematics, IIT Bombay. I have taught couses at B.Tech, M.Sc., and Ph.D level for the last 34 years.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 23 October 2021 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.


Average assignment score = 25% of average of best 6 assignments out of the total 8 assignments given in the course. 
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Bombay. It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning. 

- NPTEL team

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