Business Mathematics and StatisticsLaajuus (5 cr)

Objective

The student
• knows basic mathematical and statistical analysis methods of business and is able to apply financial mathematics to solving basic business problems based on working life
• knows the main calculation methods related to finance and investment decisions
• is familiar with the basic concepts of statistical analysis
• is able to select suitable statistical methods and use them in describing the pre-collected statistical data.

Content

• Applications of percentages
• Indices and time value of money
• Interest and compound interest calculations
• Annuities, loans and their comparisons
• Basic concepts of statistical analysis and statistical measurement
• Distributions and descriptive measures
• Basic use of a spreadsheet program’s financial functions and basic features of a statistical software

Qualifications

The course materials do not support Mac users. N.B. The spreadsheet program used in the course must be installed on the computer, the online version is not enough.

Assessment criteria, satisfactory (1)

The student
• has achieved the objectives of the course to a satisfactory level
• is able to identify, define and use concepts and models in the subject area of the course
• understands the conditions and principles of the development of expertise.

Assessment criteria, good (3)

The student
• has achieved the objectives of the course well, although there are still areas where knowledge and skills need to be improved
• has a good understanding of the concepts and models of the subject matter of the course and is able to carry out a reasoned analysis
• is able to apply what they have learned in leisure, learning and working life situations
• understands the importance of expertise in business and is able to analyse their own expertise.

Assessment criteria, excellent (5)

The student
• has achieved the objectives of the course with excellent marks
• has an excellent command of the concepts and models of the subject matter of the course
• is able to analyse clearly and reasonably and propose practical development measures
• has a good ability to apply what they have learned in leisure, learning and working life situations
• is able to analyse expertise in business and their own development towards expertise.

Assessment criteria, approved/failed

The student
• has achieved the objectives of the course to a satisfactory level
• is able to identify, define and use concepts and models in the subject area of the course
• understands the conditions and principles of the development of expertise.

Further information

The course materials do not support Mac users. N.B. The spreadsheet program used in the course must be installed on the computer, the online version is not enough.