Business Mathematics and Statistics (5 cr)

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

Location and time

According to the timetable and Moodle

Materials

All learning material will be available in Moodle

Teaching methods

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.

Exam schedules

To be announced later in the course

Student workload

This is a five credit course, therefore requires 135 hours to complete. The time will be broken down as follows:
Planned classroom activities: 36 hrs
Quizzes : 20 hrs
Exam : 3 hrs
Research and Self-study: 76 hours

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

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 methods and criteria

Below 50%- Fail

Grade 1: 50-59%
Grade 2: 60-69%
Grade 3: 70-79%
Grade 4: 80-89%
Grade 5: 90-100%

Final results: 45% from exam and 55% from assignment and quizzes.
The student must obtain at least 50% in the exam in order to pass the course.

Evaluation criteria - satisfactory (1-2)
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.

Evaluation criteria - good (3-4)
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 their 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.

Evaluation 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 their 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.