Business Mathematics and Statistics (5 ECTS)

Learning outcomes

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 interpreting statistical results. The student is able analyze data and apply appropriate statistical techniques.

Content

- Percentages
- Indices
- Time Value of Money
- Interest and compound interest calculations
- Basic statistical analysis
- Distribution and descriptive statistics
- Relationships between variables
- Basics of Excel and SPSS

Prerequisites

None

Teaching methods

Interactive lectures
Guided assignments
Excercises

Learning materials and recommended literature

Lecture materials by teacher

Alternative completion methods of implementation

N/A

Internship and working life connections

N/A

Exam dates and retake possibilities

No exam, the course is taken by solving problems.

International connections

N/A

Student workload

Total 135 hours.

Content scheduling

To be announced later.

Further information for students

N/A

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.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

Students have achieved the course objectives fairly. Students 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)

Students have achieved the course objectives well, even though the knowledge and skills need improvement on some areas. Students are 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.

Assessment criteria, excellent (5)

Students have achieved the objectives of the course with excellent marks. Students master commendably the course subject area’s concepts and models. Students are able to make justified and fluent analysis and to present concrete development measures. The students are well prepared to apply their knowledge in leisure, study and work situations. Students are able to analyze the business sector expertise and the evolvement of their own expertise.

Assessment criteria, approved/failed

Sufficient performance:
showing just enough understanding of the subject to merit a pass grade but requiring greater effort to achieve a more satisfactory result