Basics of Business Mathematics (3 cr)
Code: LT00DJ94-3001
General information
- Enrollment
- 13.11.2023 - 17.01.2024
- Registration for the implementation has ended.
- Timing
- 12.02.2024 - 26.05.2024
- Implementation has ended.
- Number of ECTS credits allocated
- 3 cr
- Local portion
- 3 cr
- Mode of delivery
- Contact learning
- Unit
- SeAMK Business Management and SME Business Management
- Campus
- SeAMK Seinäjoki, Frami
- Teaching languages
- Finnish
- Degree programmes
- Bachelor of Business Administration, Business Management
- Teachers
- Leo Sippola
- Groups
-
LITA23ABachelor of Business Administration, Business Management
- Course
- LT00DJ94
Evaluation scale
1-5
Objective
The student masters the calculations related to taxation, such as the calculation of value-added tax, earned income tax, and capital income tax. The student understands the index concept. The student can calculate economic activity changes with the help of indices. He knows how to evaluate fundamental changes in salaries, rents, etc. The student is able to determine the values of interest, capital, interest period, and interest percentage in different cases. He knows how to calculate compound interest bills in different situations. The student is able to solve the final value and the initial value of regular performances. He knows how to calculate the equal installment of an annuity loan and can do the loan amortization table. He is able to create an amortization table for an installment loan.
Content
- taxation and indices
- simple interest calculation and compound interest calculation
- periodic performances
- loans
Materials
- materials of the lecturer
Teaching methods
Luennot ja harjoitukset.
Student workload
Luennot ja harjoitukset noin 30 - 34 h ja opiskelijan oma työ 25 - 40 h.
Assessment criteria, satisfactory (1)
The student is able to calculate satisfactorily and knows the basics and basic concepts of financial mathematics.
Assessment criteria, good (3)
The student is able to calculate well and knows well the basics and basic concepts of financial mathematics. He/she is able to apply the methods of financial mathematics in different situations.
Assessment criteria, 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 methods of financial mathematics in different situations very well.
Qualifications
No previous study is necessary.