Mathematics and Business
| Structure Type: | Study unit |
|---|---|
| Code: | TIP0501 |
| Curriculum: | IB 2023 |
| Level: | Bachelor of Business Administration |
| Year of Study: | 1 (2023-2024) |
| Semester: | Autumn |
| Credits: | 3 cr |
| Responsible Teacher: | Siegfrids, Kerstin |
| Language of Instruction: | English |
Courses During the Academic Year 2023-2024
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 3007 | IB2023-1A, IB2023-1B | 2023-08-21 – 2023-12-24 | Kerstin Siegfrids | English | 2023-08-01 – 2023-09-06 |
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).