Business Mathematics (4 cr)
Code: IB00CX49-3008
General information
Enrollment
11.11.2024 - 15.01.2025
Timing
17.02.2025 - 25.05.2025
Credits
4 op
Teaching languages
- English
Degree programmes
- Bachelor of Business Administration, International Business
Teachers
- Leo Sippola
Student groups
-
IB24BBachelor 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.