Business Mathematics and Statistics (5 ECTS)

Objective

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

Content

- Percentage applications
- Indices and time value of money
- Interest and compound interest calculations with their applications
- Loans and loan comparisons
- Basic concepts of statistical analysis, statistical measurement levels
- Distributions and descriptive statistics
- Basic use of a spreadsheet program’s financial functions and basic features of a statistical software

Location and time

The course is carried out as distance learning. We will have a virtual classroom on-line at times marked in the schedule.

Materials

Lecture materials by teacher

Teaching methods

Lectures
Guided assignments
Exercises

Employer connections

N/A

Exam schedules

No exam, the course is completed by solving problems.

International connections

N/A

Completion alternatives

N/A

Student workload

Total 135 hours covering lectures and independent study.

Content scheduling

Weekly schedule will be announced later.

Further information

The course is carried out as distance learning. The first lecture on Monday 24.8. is an exception, and we will be in the classroom A118. During distant learning we will have a virtual classroom on-line at times marked in the schedule.

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

Mathematics 60 points, of which at least 30 points are required to pass the course.
Statistics 40 points, of which at least 20 points are required to pass the course.