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Business MathematicsLaajuus (4 cr)

Code: IB00CX49

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Qualifications

Basic mathematical knowledge and skills in secondary level education.

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Materials

Material provided by the teacher

Enrollment

13.11.2024 - 15.01.2025

Timing

07.01.2025 - 25.05.2025

Credits

4 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Leo Sippola
Student groups
  • IB24A
    Bachelor of Business Administration, International Business

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Materials

There are materials of a teacher in Moodle.

Teaching methods

Lessons and exercises (calculations). First new things and theory and then practise.

Student workload

The lessons and exercises take about 50 hours and a student's own studies take about 50 - 70 hours.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Assessment methods and criteria

Usually there is one exam and the grade is formed by it.

Qualifications

Basic mathematical knowledge and skills in secondary level education.

Enrollment

13.11.2024 - 15.01.2025

Timing

07.01.2025 - 25.05.2025

Credits

4 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Leo Sippola
Student groups
  • IB24B
    Bachelor of Business Administration, International Business

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Materials

There are materials of a teacher in Moodle.

Teaching methods

Lessons and exercises (calculations). First new things and theory and then practise.

Student workload

The lessons and exercises take about 50 hours and a student's own studies take about 50 - 70 hours.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Assessment methods and criteria

Usually there is one exam and the grade is formed by it.

Qualifications

Basic mathematical knowledge and skills in secondary level education.

Enrollment

04.09.2023 - 11.09.2023

Timing

02.10.2023 - 17.12.2023

Credits

4 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Leo Sippola
Student groups
  • IB23A
    Bachelor of Business Administration, International Business

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Materials

There are materials of a teacher in Moodle.

Teaching methods

Lessons and exercises (calculations). First new things and theory and then practise.

Student workload

The lessons and exercises take about 50 hours and a student's own studies take about 50 - 70 hours.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Assessment methods and criteria

Usually there is one exam and the grade is formed by it.

Qualifications

Basic mathematical knowledge and skills in secondary level education.

Enrollment

04.09.2023 - 11.09.2023

Timing

02.10.2023 - 17.12.2023

Credits

4 op

Virtual proportion (cr)

4 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Leo Sippola
Student groups
  • IB23B
    Bachelor of Business Administration, International Business

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Materials

There are materials of a teacher in Moodle.

Teaching methods

LESSONS in TEAMS. Lessons and exercises (calculations). First new things and theory and then practise.

Student workload

The lessons and exercises take about 50 hours and a student's own studies take about 50 - 70 hours.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Assessment methods and criteria

Usually there is one exam and the grade is formed by it.

Assessment criteria, satisfactory (1)

A student's has right calculations / solving less than 30 % in a exam.

Assessment criteria, good (3)

A student's has right calculations / solving between 30 - 59 % in a exam.

Assessment criteria, excellent (5)

A student's has right calculations / solving between 60 - 80 % in a exam.

Assessment criteria, approved/failed

A student's has right calculations / solving between 81 - 100 % in a exam.

Qualifications

Basic mathematical knowledge and skills in secondary level education.

Enrollment

14.11.2022 - 15.01.2023

Timing

09.01.2023 - 31.05.2023

Credits

4 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Leo Sippola
Student groups
  • IB22A

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Materials

There are materials of a teacher in Moodle.

Teaching methods

Lessons and exercises (calculations). First new things and theory and then practise.

Student workload

The lessons and exercises take about 50 - 60 hours and a student's own studies take about 50 - 70 hours.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Assessment methods and criteria

Usually there is one exam and the grade is formed by it.

Qualifications

Basic mathematical knowledge and skills in secondary level education.

Enrollment

14.11.2022 - 15.01.2023

Timing

09.01.2023 - 31.05.2023

Credits

4 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Leo Sippola
Student groups
  • IB22C

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Materials

There are materials of a teacher in Moodle.

Teaching methods

Lessons and exercises (calculations). First new things and theory and then practise.

Student workload

The lessons and exercises take about 50 - 60 hours and a student's own studies take about 50 - 70 hours.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Assessment methods and criteria

Usually there is one exam and the grade is formed by it.

Qualifications

Basic mathematical knowledge and skills in secondary level education.

Enrollment

14.11.2022 - 15.01.2023

Timing

09.01.2023 - 31.05.2023

Credits

4 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Leo Sippola
Student groups
  • IB22B

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Materials

There are materials of a teacher in Moodle.

Teaching methods

Lessons and exercises (calculations). First new things and theory and then practise.

Student workload

The lessons and exercises take about 50 - 60 hours and a student's own studies take about 50 - 70 hours.

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Assessment methods and criteria

Usually there is one exam and the grade is formed by it.

Qualifications

Basic mathematical knowledge and skills in secondary level education.

Enrollment

15.10.2021 - 31.01.2022

Timing

07.03.2022 - 25.05.2022

Credits

4 op

Teaching languages
  • English
Degree programmes
  • Bachelor of Business Administration, International Business
Teachers
  • Leo Sippola
Student groups
  • IB21

Objective

A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.

Content

Taxes, index numbers, foreign currencies, simple interest, compound interest, periodic payments, loans and investments

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Satisfactory (1 and 2)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.

Assessment criteria, good (3)

Good (3 and 4)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to supply the methdods of financial mathematics in different situations.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to calculate and knows the basics and basic concepts of financial mathematics very well. He/she is able to apply the methdods of financial mathematics in different situations very well.

Qualifications

Basic mathematical knowledge and skills in secondary level education.