Scope: 5 ECTS
Timing: semester 1
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.
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.
- 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.
Understanding the effects of the currency fluctuations are an important factor in foreign trade.
Contact and distant sessions or virtual or educationalisation.
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.
Materials to be announced in the implementation plan.