Financial Mathematics

Structure Type: Course
Code: TIP0502
Type: Compulsory
Level: Bachelor
Credits: 3.0 points
Responsible Teacher: in
Language of Instruction: English

Course Implementations, Planned Year of Study and Semester

Curriculum  Semester  Credits  Start of Semester  End of Semester
T-IB-2009   2 autumn   3.0   2010-08-24   2010-12-18  
T-IB-2010   2 autumn   3.0   2011-08-22   2011-12-23  
T-IB-2011   2 autumn   3.0   2012-08-24   2012-12-18  
T-IB-2012   2 autumn   3.0        
T-IB-2013   2 autumn   3.0        
IB-2014   2 autumn   3.0        
IB-2015   2 autumn   3.0        
IB-2016   2 autumn   3.0        
IB-2017   1 spring   3.0        

Learning Outcomes

The student understands the time value of money.
The student masters the methods of compound interest, annuities and investment calculations.
The student can perform basic investment analyisis and loan calculations.

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

Business mathematics


Compound interest, interest rates, periodic payments (annuities), credits and loans, investments.

Regional Impact

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


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

Recommended or Required Reading

Lecture notes given in the course.
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 and apply essential theories, concepts and methods in various situations .
3 = The student is able to utilise theories, concepts and methods consistently in written and oral communication.
1 = The student is able to utilise essential theories, concepts and methods in various situations.

Assessment Methods

Examination, exercise papers, project work. The retake covers the whole course.