Business Mathematics and Statistics (5 cr)

Code: LC00EG63-3011

General information

Enrollment: 07.12.2022 - 08.01.2023
Registration for the implementation has ended.

Timing: 16.01.2023 - 12.05.2023
Implementation has ended.

Number of ECTS credits allocated: 5 cr

Local portion: 5 cr

Mode of delivery: On-campus

Unit: (2019-2024) School of Business

Campus: Leiritie 1

Teaching languages: English

Seats: 20 - 35

Degree programmes: Degree Programme in European Business Administration

Teachers: Tuire Jäntti; Pertti Vilpas

Teacher in charge: Suvi Moll

Groups: LXA22_A
Half of LXA22 cohorts present, GROUP A

Course: LC00EG63

Implementation has 7 reservations. Total duration of reservations is 21 h 0 min.

Time	Topic	Location
Mon 13.03.2023 time 11:00 - 14:00 (3 h 0 min)	Business Mathematics and Statistics LC00EG63-3011	MMB101 Auditorio 1 krs.
Mon 20.03.2023 time 11:00 - 14:00 (3 h 0 min)	Business Mathematics and Statistics LC00EG63-3011	MMB324 EXAM
Mon 27.03.2023 time 11:00 - 14:00 (3 h 0 min)	Business Mathematics and Statistics LC00EG63-3011	MMB324 EXAM
Mon 03.04.2023 time 11:00 - 14:00 (3 h 0 min)	Business Mathematics and Statistics LC00EG63-3011	MMB324 EXAM
Mon 17.04.2023 time 11:00 - 14:00 (3 h 0 min)	Business Mathematics and Statistics LC00EG63-3011	MMB324 EXAM
Mon 24.04.2023 time 11:00 - 14:00 (3 h 0 min)	Business Mathematics and Statistics LC00EG63-3011	MMB324 EXAM
Mon 08.05.2023 time 11:00 - 14:00 (3 h 0 min)	Business Mathematics and Statistics LC00EG63-3011	MMB324 EXAM

Changes to reservations may be possible.

Objective

The student understands basic mathematical and statistical analysis methods and how they are applied to real world business situations. The student is able to perform the most relevant calculations related to finance and investment decisions. The student understands the fundamentals of statistical analysis and is able to analyze data and apply appropriate statistical techniques.

Content

- Applications of percentages
- Indices
- Time Value of Money
- Interest and compound interest calculations
- Annuities and loans
- Basic statistical analysis
- Distributions and descriptive statistics
- Basic use of a spreadsheet program’s financial functions and basic features of a statistical software

Materials

e-books:
Business Math Demystified
Beyond the Numbers : Making Sense of Statistics
Excel Data Analysis, Visual BluePrint

Teaching methods

Interactive lecture, online learning, assignments, exams

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply his/her knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply his/her knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.

Assessment criteria, approved/failed

Assessment methods and criteria

Homework
Group work
Data analysis
Exams