Constants, variables and Functions, Limits of algebraic functions -Differentiation - Derivatives – First order and Second order Derivatives - Maxima & Minima – application to Business problems.

Elementary integral calculus – method of substitution – determining Infinite and definite Integrals of simple functions – Integration by parts

Cost function and average cost function from Marginal cost function – Revenue function and demand function from Marginal Revenue function – consumer surplus – producers surplus

Net Present value – Internal rate of return – Capital cost and Capital Budgeting – Depreciations – straight line method- constant percentage method

Contingent Payments: Introduction – probability – mathematical expectation – contingent payments with time value. Life Annuities and Life Insurance: Introduction – Mortality tables – pure Endowments – Life Annuities – life Insurance – Annual Premium Policies.