Mathematics and Business

Structure Type: Course
Code: TIP0501
Type: Compulsory
Level: Bachelor
Credits: 3.0 points
Responsible Teacher: Siegfrids, Kerstin
Language of Instruction: English

Course Implementations, Planned Year of Study and Semester

Curriculum  Semester  Credits  Start of Semester  End of Semester
T-IB-2009   1 spring   3.0   2010-01-04   2010-06-18  
T-IB-2010   1 spring   3.0   2011-01-05   2011-06-17  
T-IB-2011   1 spring   3.0   2012-01-09   2012-06-18  
T-IB-2012   1 spring   3.0   2013-01-05   2013-06-18  
T-IB-2013   1 autumn   3.0        
IB-2014   1 autumn   3.0        
IB-2015   1 autumn   3.0        
IB-2016   1 autumn   3.0        
IB-2017   1 autumn   3.0        

Learning Outcomes

The student understands the increasing need mathematical methods in business environment.
The student masters percentage calculations, index numbers, foreign currencies, pricing and VAT, simple interest and discounting.
The student can perform mathematical analysis when dealing with various commercial and administrative tasks.

Student's Workload

Total work load of the course:81 h
- of which scheduled studies: 40 h
- of which autonomous studies: 41 h
The assesment of student's own learning 1 h is included in contact lessons.

Prerequisites / Recommended Optional Courses

There are no prequisities.

Contents

Percentage calculation, Index numbers, Foreign currencies, Pricing and VAT, Simple interest and discounting.

Regional Impact

There are various companies operating in the region and suitable cases are used in classes.

Internationality

International learning environment. Suitable cases about financial methods and situations in other countries.

Recommended or Required Reading

Notes given by the teacher.
Optional reading: Pulkkinen, Holopainen, Keinänen, 2001. Business Mathematics. 2nd ed. CS Care & Share.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, exercises, project work.

Assessment Criteria

5 = The student is able to utilise theories, concepts and methods consistently in various situations.
3 = The student is able to utilize essential concepts in single situations and assignments and understand the theories on which the assignments are based.
1 = The student is able to recognise and understand the essential theories, principles and methods.

Assessment Methods

Examinations, exercises, project work. As retake the whole course. Numerical (0-5).

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