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Business Mathematics

Business Mathematics

Code: MAT1LF101
Scope: 5 ECTS
Timing: semester 1
Language: English
Curriculum: GLOBBA16
Course level: Basic Studies
Course type: compulsory

Starting level and linkage with other courses
No prerequisites. Nevertheless, students who need to revise mathematics are advised to take MAT8LF101 Brush up Business Mathematics at the same time or before this course.

Learning outcomes
You can solve various business mathematics problems correctly and efficiently using Excel. You are able to evaluate the effect of inflation, time and changes in the currency exchange rates on the value of money. You are able to make calculations related to financial instruments and investments.

Contents

  •  exchanging currencies and currency fluctuations
  •  Consumer Price Index, inflation and purchasing power of money
  •  simple and compound interest calculation
  •  periodic payments
  •  long-term loans
  •  hire purchase
  •  annual percentage rate
  •  investment calculations

Recognising and validating prior learning (RPL)
If you have acquired the required competence in previous work tasks, recreational activities or on another course, you can show the competence with a demonstration and progress faster through your studies. More information and instructions for RPL are available at MyNet.

Cooperation with the business community
Examples and exercises are business related.

Internationality
Understanding the effects of the currency fluctuations are an important factor in foreign trade.

Course Formats
Contact and distant sessions or virtual or educationalisation.

Assessment
Students' performance is graded on the following scale: Excellent (5), Very good (4), Good (3), Satisfactory (2), Fair (1), Fail (0).
Link to the joint assessment grid. The assessment of one’s own learning.

Course teacher
Jutta Heikkilä

Learning materials
Materials to be announced in the implementation plan.