Financial Mathematics
| Structure Type: | Study unit |
|---|---|
| Code: | TLTP0704 |
| Type: | Compulsory |
| Curriculum: | LT 2017 / 2018 / 2019 / 2020 / 2021 / 2021V / 2022 / 2022V / 2022W / 2023 / 2023V / 2023W / 2024 / 2024-O / 2024V |
| Level: | Bachelor of Business Administration |
| Year of Study: | 2 / 3 (2018-2019 / 2019-2020 / 2020-2021 / 2021-2022 / 2022-2023 / 2023-2024 / 2024-2025 / 2025-2026 / 2026-2027) |
| Credits: | 3 cr |
| Responsible Teacher: | Siegfrids, Kerstin |
| Language of Instruction: | Finnish |
Courses
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 1 | T-LT-3K | 2018-08-31 – 2018-12-21 | Mikko Ranta | Finnish | 2018-08-20 – 2018-09-17 |
| 2 | T-LT-2M, T-LT-2O | 2018-08-31 – 2018-12-21 | Mikko Ranta | Finnish | 2018-08-20 – 2018-09-17 |
| 3 | T-LT-2T | 2018-08-31 – 2018-12-21 | Mikko Ranta | Finnish | 2018-08-20 – 2018-09-17 |
| 4 | T-LT-2K | 2019-09-02 – 2019-12-22 | Tarja Launonen | Finnish | 2019-08-19 – 2019-09-09 |
| 5 | T-LT-2M, T-LT-2O | 2019-09-02 – 2019-12-22 | Tarja Launonen | Finnish | 2019-08-19 – 2019-09-09 |
| 6 | T-LT-2T | 2019-09-02 – 2019-12-22 | Kerstin Siegfrids | Finnish | 2019-08-19 – 2019-09-09 |
| 3001 | LT2019-2K | 2020-08-24 – 2020-12-20 | Tarja Launonen | Finnish | 2020-08-17 – 2020-09-11 |
| 3002 | LT2019-2O, LT2019-2T | 2020-08-24 – 2020-12-20 | Tarja Launonen | Finnish | 2020-08-17 – 2020-09-11 |
| 3003 | LT2019-2M | 2020-08-24 – 2020-12-20 | Kerstin Siegfrids | Finnish | 2020-08-17 – 2020-09-11 |
| 3004 | LT2020-2K | 2021-08-23 – 2021-12-19 | Kerstin Siegfrids | Finnish | 2021-08-01 – 2021-09-06 |
| 3005 | LT2020-2M | 2021-08-23 – 2021-12-19 | Kerstin Siegfrids | Finnish | 2021-08-01 – 2021-09-06 |
| 3006 | LT2020-2O, LT2020-2T | 2021-08-23 – 2021-12-19 | Kerstin Siegfrids | Finnish | 2021-08-01 – 2021-09-06 |
| 3008 | LT2021-2K | 2022-08-22 – 2022-10-23 | Kerstin Siegfrids | Finnish | 2022-08-01 – 2022-09-06 |
| 3009 | LT2021-2M | 2022-08-22 – 2022-10-23 | Kerstin Siegfrids | Finnish | 2022-08-01 – 2022-09-06 |
| 3010 | LT2021-2O, LT2021-2T | 2022-08-22 – 2022-10-23 | Kerstin Siegfrids | Finnish | 2022-08-01 – 2022-09-06 |
| 3011 | LT2021V-2K | 2022-08-22 – 2022-12-18 | Kerstin Siegfrids | Finnish | 2022-08-01 – 2022-09-06 |
| 3012 | LT2022-2K | 2023-08-21 – 2023-10-22 | Kerstin Siegfrids | Finnish | 2023-08-01 – 2023-09-06 |
| 3013 | LT2022-2M, LT2022-2O | 2023-08-21 – 2023-10-22 | Kerstin Siegfrids | Finnish | 2023-08-01 – 2023-09-06 |
| 3014 | LT2022-2T | 2023-08-21 – 2023-10-22 | Kerstin Siegfrids | Finnish | 2023-08-01 – 2023-09-06 |
| 3016 | LT2022-2W | 2023-08-21 – 2023-12-24 | Kerstin Siegfrids | Finnish | 2023-08-01 – 2023-09-06 |
| 3017 | LT2022V-2T | 2023-08-21 – 2023-12-17 | Kerstin Siegfrids | Finnish | 2023-08-01 – 2023-09-06 |
| 3018 | LT2023-2K | 2024-08-19 – 2024-10-20 | Kerstin Siegfrids | Finnish | 2024-08-01 – 2024-09-06 |
| 3019 | LT2023-2M | 2024-08-19 – 2024-10-20 | Kerstin Siegfrids | Finnish | 2024-08-01 – 2024-09-06 |
| 3020 | LT2023-2O, LT2023-2T | 2024-08-19 – 2024-10-20 | Kerstin Siegfrids | Finnish | 2024-08-01 – 2024-09-06 |
| 3022 | LT2023-2W | 2024-08-19 – 2024-12-22 | Kerstin Siegfrids | Finnish | 2024-08-01 – 2024-09-06 |
The descriptions shown below are for the academic year: 2024-2025
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
Contents
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.
Internationality
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.