Who has done this approach to calculus? It's very similar to the limit based approach, but slightly different as it introduces a new number system called "hyperreal" numbers. This is basically done to prove that infinitesimal calculus could be rigorous.
If you don't know what an infinitesimal number is, it is a number that is infinitely small. There are three main principles behind hyperreal numbers - The Extension Principle, the Transfer Principle, and the Standard Part Principle (as hyperreal numbers are part of nonstandard analysis). The Extension principle states that:
Quote: "A) The real line is a part of the hyperreal line.
B) There is a hyperreal number that is greater than zero but less than every positive real number.
C) For every real function f of one or more variables we are given a corresponding hyperreal function f* of the same number of variables called the natural extension of f."
After that, you have the transfer principle. That simply states that
Quote: "every real statement that holds for one or more particular real functions holds for the hyperreal natural extension of these functions."
Then we have the standard part principle which says:
Quote: "Every finite hyperreal number is infinitely close to exactly one real number. Let b be a finite hyperreal number. The standard part of b, denoted by st(b), is the real number which is infinitely close to b."
These three principles let us work with hyperreal numbers the same way we do with real numbers. So for instance, with f(x) = x^2, obviously the derivative of that is 2x. Using hyperreal numbers, you'd go about finding it like so:
Let Δx be an infinitesimal that is not equal to zero. Let x be a real number.
[f(x + Δx) - f(x)] / Δx
[(x + Δx)^2 - x^2] / Δx
[x^2 + 2xΔx + Δx^2 - x^2] / Δx
[2xΔx + Δx^2] / Δx
2x + Δx
st(2x) + st(Δx)
2x + 0
2x
f'(x) = 2x
So you can see that it works in a similar manner to a limit (as you let h approach 0 using the [f(x + h) - f(x)] / h formula).
Anyways, my point is that there is a very interesting free book over this written by Jerome H. Keisler. It's very interesting and I suggest downloading it if you are interested in mathematics at all!
Here's a link to the books page
http://www.math.wisc.edu/~keisler/calc.html
I'm sure it can explain all this better than I did. It's based off of Abraham Robinson's work on hyperreal numbers.
If you like math like I do you may enjoy reading this. Even just the first chapter and where they go into detail over how hyperreal numbers were "discovered" using set theory. Comments would be cool too, I guess. n_n