Constants,variables and functions,limits of algebraic functions-differentiation-derivatives-first order and second order derivatives-Maxima and Minima-Applications to business problems.

Elementary integral calculus-Method of substitution-determining definite and indefinite integrals of simple functions-Integration by parts.

Application of integration in economics and commerce: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 payment: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.