Skip to main content

Basics of Business Mathematics (3 cr)

Code: LT00DJ94-3002

General information


Enrollment

13.11.2023 - 17.01.2024

Timing

12.02.2024 - 26.05.2024

Credits

3 op

Teaching languages

  • Finnish

Degree programmes

  • Bachelor of Business Administration, Business Management

Teachers

  • Leo Sippola

Student groups

  • LITA23B
    Bachelor of Business Administration, Business Management

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

Evaluation scale

1-5

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.