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Mathematics and Business

Structure Type: Study unit
Code: TIP0501
Type: Compulsory / Basic Studies
Curriculum: IB 2014 / 2015 / 2016 / 2017 / 2018 / 2019 / 2020 / 2021 / 2022 / 2023 / 2024
T-IB 2005FT / 2006 / 2007 / 2008 / 2009 / 2010 / 2011 / 2012 / 2013
Level: Bachelor of Business Administration
Year of Study: 1 (2005-2006 / 2006-2007 / 2007-2008 / 2008-2009 / 2009-2010 / 2010-2011 / 2011-2012 / 2012-2013 / 2013-2014 / 2014-2015 / 2015-2016 / 2016-2017 / 2017-2018 / 2018-2019 / 2019-2020 / 2020-2021 / 2021-2022 / 2022-2023 / 2023-2024 / 2024-2025)
Credits: 3 cr
Responsible Teacher: Siegfrids, Kerstin
Language of Instruction: English

Courses

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
1T-IB-2-22006-01-02 – 2006-04-28Kerstin SiegfridsEnglish2005-12-05 – 2006-01-02
2T-IB-2-12006-03-06 – 2006-06-16Kerstin SiegfridsFinnish2006-02-13 – 2006-03-12
3T-IB-2-12007-03-12 – 2007-05-25Kerstin SiegfridsEnglish2007-02-19 – 2007-03-18
4T-IB-2-22007-03-12 – 2007-05-25Kerstin SiegfridsEnglish2007-02-19 – 2007-03-18
5T-IB-2-12008-03-10 – 2008-05-30Mikko RantaEnglish2008-02-18 – 2008-03-14
6T-IB-2-22008-03-10 – 2008-05-30Mikko RantaEnglish2008-02-18 – 2008-03-14
7T-IB-2-22009-03-09 – 2009-05-30Kerstin SiegfridsEnglish2009-02-16 – 2009-03-15
8T-IB-2-12009-03-09 – 2009-05-30Kerstin SiegfridsEnglish2009-02-16 – 2009-03-15
9T-IB-2-12010-03-08 – 2010-05-29Kerstin SiegfridsEnglish2010-02-15 – 2010-03-14
10T-IB-2-22010-03-08 – 2010-05-29Kerstin SiegfridsEnglish2010-02-15 – 2010-03-14
11T-IB-2-22011-01-03 – 2011-04-29Kerstin SiegfridsEnglish2010-12-07 – 2011-01-16
12T-IB-2-12011-01-03 – 2011-04-29Kerstin SiegfridsEnglish2010-12-07 – 2011-01-16
13H-VV2011-05-02 – 2011-06-21Kerstin SiegfridsEnglish2011-04-04 – 2011-04-27
14T-IB-2-12012-01-09 – 2012-04-27Kerstin SiegfridsEnglish2011-12-07 – 2012-01-15
15T-IB-2-22012-01-09 – 2012-04-27Kerstin SiegfridsEnglish2011-12-07 – 2012-01-15
16T-IB-2-22012-08-27 – 2012-12-21Kerstin SiegfridsEnglish2012-08-13 – 2012-09-07
17T-IB-2-12013-01-07 – 2013-04-26Kerstin SiegfridsEnglish2012-12-07 – 2013-01-07
18T-IB-2-22013-09-02 – 2013-12-20Kerstin SiegfridsEnglish2013-08-16 – 2013-09-20
19T-IB-2-12014-01-07 – 2014-05-30Kerstin SiegfridsEnglish2013-12-09 – 2014-01-10
20T-IB-2-12015-01-05 – 2015-04-30Kerstin SiegfridsEnglish2014-12-08 – 2015-01-12
21T-IB-2-22015-01-05 – 2015-04-30Kerstin SiegfridsEnglish2014-12-08 – 2015-01-12
22T-IB-2-12016-01-04 – 2016-04-29Kerstin SiegfridsEnglish2015-12-07 – 2016-01-10
23T-IB-2-22016-01-04 – 2016-04-29Kerstin SiegfridsEnglish2015-12-07 – 2016-01-10
24T-IB-2-12017-01-09 – 2017-04-29Kerstin SiegfridsEnglish2016-12-12 – 2017-01-16
25T-IB-2-22017-01-09 – 2017-04-29Kerstin SiegfridsEnglish2016-12-12 – 2017-01-16
26T-IB-2-12017-09-01 – 2017-12-22Kerstin SiegfridsEnglish2017-08-21 – 2017-09-18
27T-IB-2-22017-09-01 – 2017-12-22Kerstin SiegfridsEnglish2017-08-21 – 2017-09-18
28T-IB-2-22018-08-31 – 2018-12-21Kerstin SiegfridsEnglish2018-08-20 – 2018-09-17
29T-IB-2-12018-08-31 – 2018-12-21Kerstin SiegfridsEnglish2018-08-20 – 2018-09-17
30T-IB-1-12019-09-02 – 2019-12-22Kerstin SiegfridsEnglish2019-08-19 – 2019-09-09
31T-IB-1-22019-09-02 – 2019-12-22Kerstin SiegfridsEnglish2019-08-19 – 2019-09-09
3001IB2020-1A2020-08-24 – 2020-12-20Kerstin SiegfridsEnglish2020-08-17 – 2020-09-11
3002IB2020-1B2020-08-24 – 2020-12-20Kerstin SiegfridsEnglish2020-08-17 – 2020-09-11
3003IB2021-1A2021-08-23 – 2021-12-19Kerstin SiegfridsEnglish2021-08-01 – 2021-09-06
3004IB2021-1B2021-08-23 – 2021-12-19Kerstin SiegfridsEnglish2021-08-01 – 2021-09-06
3005IB2022-1A2022-08-22 – 2022-12-18Kerstin SiegfridsEnglish2022-08-01 – 2022-09-06
3006IB2022-1B2022-08-22 – 2022-12-18Kerstin SiegfridsEnglish2022-08-01 – 2022-09-06
3007IB2023-1A, IB2023-1B2023-08-21 – 2023-12-24Kerstin SiegfridsEnglish2023-08-01 – 2023-09-06
3009IB2024-1A, IB2024-1B2024-08-19 – 2024-12-22Kerstin SiegfridsEnglish2024-07-30 – 2024-09-03

The descriptions shown below are for the academic year: 2024-2025

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 and Other Learning Resources/Tools

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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