Business Mathematics (5op)

Osaamistavoitteet

Upon successful completion of the course, the students

knows statistical basic concepts and can apply them in business
manages most often repeated calculations in business
is able to price products and services
is able to compose calculations of profitability
can calculate impact of general price changes
can present time series by Excel
manages simple interest and compound interest calculations
is able to choose correct calculation method for every day problem
can compare profitability of different investment options
is fluent with Excel in business calculations

Learning outcomes will be reached mostly by completing assignments.

Sisältö

statistical basic concepts (presenting data, measure scales, variables, grouping, most common parameters, correlation and regression)
percent calculations for business applications, value added tax
profitability calculations
index numbers
time series with Excel
simple interest and compound interest
periodic payments
investments
Excel tools

Toteutustavat, näyttö ja opinnollistaminen

The learning methods of this course are the following:

a. Contact lessons, assignments and exam(s) OR
b. Independent studies, assignments and exam(s) online OR
c. Appropriate passed course in some other institute or passing an exam to present sufficient skills

Oppimateriaalit

Any statistics or financial calculation related book.
Material supplied in contact classes or online by teacher.

Students own evaluating as well as course feedback is part ot the course.

Arviointikriteerit - arvosana 1

Moderate understanding of course items and partial ability to apply them in business situations. Can define most common concepts and is able to use them in wider contents.

Arviointikriteerit - arvosana 3

Reasonable understanding of course items and sufficient ability to apply them in business situations.
Can define and apply concepts in wider contents. In business problem situations is able to choose a correct calculation methods and interpret result to accurate decision.

Arviointikriteerit - arvosana 5

Good understanding of course items and good ability to apply them in business situations. Is able to define and apply all necessary concepts in wider contents. Has no problem in choosing correct calculation methods for most common business problems and deeply knows how to interpret calculation results to business decisions.