Financial Mathematics
| Structure Type: | Study unit |
|---|---|
| Code: | TIP0502 |
| 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 / 2 (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 Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 1 | T-IB-3-1 | 2006-08-28 – 2006-12-22 | Kerstin Siegfrids | English | 2006-08-18 – 2006-09-10 |
| 2 | T-IB-3-2 | 2006-08-28 – 2006-12-22 | Kerstin Siegfrids | English | 2006-08-18 – 2006-09-10 |
| 3 | T-IB-3-1 | 2007-08-27 – 2007-12-21 | Kerstin Siegfrids | English | 2007-08-17 – 2007-09-07 |
| 4 | T-IB-3-2 | 2007-08-27 – 2007-12-21 | Kerstin Siegfrids | English | 2007-08-17 – 2007-09-07 |
| 5 | T-IB-3-1 | 2008-08-25 – 2008-12-20 | Kerstin Siegfrids | English | 2008-08-15 – 2008-08-31 |
| 6 | T-IB-3-2 | 2009-01-05 – 2009-05-02 | Kerstin Siegfrids | English | 2008-12-08 – 2009-01-11 |
| 7 | T-IB-3-1 | 2009-08-24 – 2009-12-19 | Kerstin Siegfrids | English | 2009-08-14 – 2009-09-06 |
| 8 | T-IB-3-2 | 2010-01-04 – 2010-05-01 | Kerstin Siegfrids | English | 2009-12-07 – 2010-01-10 |
| 9 | T-IB-3-1 | 2010-08-30 – 2010-12-17 | Kerstin Siegfrids | English | 2010-08-20 – 2010-09-05 |
| 10 | T-IB-3-2 | 2010-08-30 – 2010-12-17 | Kerstin Siegfrids | English | 2010-08-20 – 2010-09-05 |
| 11 | T-IB-3-1 | 2011-08-29 – 2011-12-30 | Kerstin Siegfrids | English | 2011-08-19 – 2011-09-04 |
| 12 | T-IB-3-2 | 2011-08-29 – 2011-12-30 | Kerstin Siegfrids | English | 2011-08-19 – 2011-09-04 |
| 13 | T-IB-3-1 | 2012-09-03 – 2012-12-21 | Kerstin Siegfrids | English | 2012-08-13 – 2012-09-07 |
| 14 | T-IB-3-2 | 2013-01-07 – 2013-04-26 | Kerstin Siegfrids | English | 2012-12-07 – 2013-01-07 |
| 15 | 2013-01-07 – 2013-03-01 | Mikko Ranta | English | 2012-12-07 – 2012-12-18 | |
| 16 | T-IB-3-1 | 2013-09-02 – 2013-12-20 | Kerstin Siegfrids | English | 2013-08-16 – 2013-09-13 |
| 17 | T-IB-3-2 | 2014-01-07 – 2014-05-30 | Kerstin Siegfrids | English | 2013-12-09 – 2014-01-10 |
| 18 | T-IB-3-1 | 2014-09-01 – 2014-12-19 | Kerstin Siegfrids | English | 2014-08-15 – 2014-09-14 |
| 19 | T-IB-3-2 | 2014-09-01 – 2014-12-19 | Kerstin Siegfrids | English | 2014-08-15 – 2014-09-14 |
| 20 | T-IB-3-1 | 2015-09-01 – 2015-12-18 | Kerstin Siegfrids | English | 2015-08-14 – 2015-09-13 |
| 21 | T-IB-3-2 | 2015-09-01 – 2015-12-18 | Kerstin Siegfrids | English | 2015-08-14 – 2015-09-13 |
| 22 | T-IB-3-1 | 2016-09-01 – 2016-12-31 | Kerstin Siegfrids | English | 2016-08-22 – 2016-09-19 |
| 23 | T-IB-3-2 | 2016-09-01 – 2016-12-31 | Kerstin Siegfrids | English | 2016-08-22 – 2016-09-19 |
| 24 | T-IB-3-2 | 2017-09-01 – 2017-12-22 | Kerstin Siegfrids | English | 2017-08-21 – 2017-09-18 |
| 25 | T-IB-2-1 | 2018-01-08 – 2018-04-27 | Kerstin Siegfrids | English | 2017-12-11 – 2018-01-15 |
| 26 | T-IB-2-2 | 2018-01-08 – 2018-04-27 | Kerstin Siegfrids | English | 2017-12-11 – 2018-01-15 |
| 27 | T-IB-3-1 | 2018-01-08 – 2018-04-27 | Kerstin Siegfrids | English | 2017-12-11 – 2018-01-15 |
| 28 | T-IB-2-1 | 2019-01-07 – 2019-05-26 | Kerstin Siegfrids | English | 2018-12-10 – 2019-01-14 |
| 29 | T-IB-2-2 | 2019-01-07 – 2019-05-26 | Kerstin Siegfrids | English | 2018-12-10 – 2019-01-14 |
| 30 | T-IB-1-1 | 2020-01-06 – 2020-05-24 | Kerstin Siegfrids | English | 2019-12-16 – 2020-01-14 |
| 31 | T-IB-1-2 | 2020-01-06 – 2020-05-24 | Kerstin Siegfrids | English | 2019-12-16 – 2020-01-14 |
| 3001 | IB2020-1A | 2021-01-04 – 2021-05-02 | Kerstin Siegfrids | English | 2020-08-17 – 2021-01-10 |
| 3002 | IB2020-1B | 2021-01-04 – 2021-05-02 | Kerstin Siegfrids | English | 2020-08-17 – 2021-01-10 |
| 3003 | IB2021-1A | 2022-01-03 – 2022-05-01 | Kerstin Siegfrids | English | 2021-12-01 – 2022-01-10 |
| 3004 | IB2021-1B | 2022-01-03 – 2022-05-01 | Kerstin Siegfrids | English | 2021-12-01 – 2022-01-10 |
| 3005 | IB2022-1A | 2023-01-02 – 2023-04-30 | Kerstin Siegfrids | English | 2022-12-01 – 2023-01-10 |
| 3006 | IB2022-1B | 2023-01-02 – 2023-04-30 | Kerstin Siegfrids | English | 2022-12-01 – 2023-01-10 |
| 3007 | IB2023-1A, IB2023-1B | 2024-01-01 – 2024-04-28 | Kerstin Siegfrids | English | 2023-12-07 – 2024-01-08 |
| 3009 | IB2024-1A, IB2024-1B | 2025-01-02 – 2025-04-27 | Kerstin Siegfrids | English | 2024-12-01 – 2025-01-12 |
The descriptions shown below are for the academic year: 2024-2025
Learning Outcomes
The student understands the time value of money.
The student masters the methods of compound interest, annuities and investment calculations.
The student can perform basic investment analyisis and loan calculations.
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
Contents
Compound interest, interest rates, periodic payments (annuities), credits and loans, investments.
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
Lecture notes given in the course.
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 and apply essential theories, concepts and methods in various situations .
3 = The student is able to utilise theories, concepts and methods consistently in written and oral communication.
1 = The student is able to utilise essential theories, concepts and methods in various situations.
Assessment Methods
Examination, exercise papers, project work. The retake covers the whole course.