Change language: Suomi

Front Page > Current Education > Business Economics (LT) > 2023W > Year 3 > Financial Mathematics (TLTP0704)

Financial Mathematics

Structure Type: Study unit
Code: TLTP0704
Curriculum: LT 2023W
Level: Bachelor of Business Administration
Year of Study: 3 (2025-2026)
Semester: Autumn
Credits: 3 cr
Responsible Teacher: Siegfrids, Kerstin
Language of Instruction: Finnish

Taking the course in advance? See the courses during the academic year 2023-2024.

Learning Outcomes

The student obtains the required mathematical skills 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

Business mathematics


Percentage calculations, VAT calculations, margin calculations, simple interest, compund interest, periodic payments with interest, credit calculations, investment calculations

Regional Impact

The examples in the course follow the special aspects of local industry.


Examples emphasize international differences in the calculations of financial problems (for example VAT).

Recommended or Required Reading and Other Learning Resources/Tools

Lecture notes

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, exercises

Assessment Criteria

5: Can utilise theories, concepts and methods of financial mathematics consistently in various situations. Can write to a restricted target group about theories, concepts and methods of financial mathematics. Can discuss the issues and phenomena in financial mathematics with a restricted target group.
3: Can utilize the essential concepts of financial mathematics in single situations and assignments and understand the theories on which the assignments are based. Can discuss the essential issues in financial mathematics with a restricted target group. Can produce written and oral basic information of financial mathematics.
1: Can recognise and understand the essential theories, principles and methods of financial mathematics. Can document essential phenomena of financial mathematics and communicate about the essential issues of the field.

Assessment Methods

Exam (80%), exercises (20%). Numerical 1-5.