Business Mathematics (5 cr)

Objective

This course provides the necessary maths skills that students will be able to use and apply in business.

Content

Revision of basic mathematical topics and providing mathematical skill
Margin and VAT
Indexes
Currencies
Interest calculation and its applications
Compound interest calculation and its applications
Periodic performance and its applications
Credit
Economic functions (use, optimisation)

Evaluation scale

0 - 5

Assessment criteria, excellent (5)

Can define and explain the central concepts and calculation priciples of the course. Can deduce or prove the results presented during the course and justify their feasibility.
Can apply the course information also to new tasks which require epiphany and of which no examples were given during the course. There are no faults in the calculations.

Assessment criteria, good (3)

Can present, enumerate and apply the ideas underlying the central caluculation principles. Can interpret whether the results of the calculations are significant and resonable.

Can compare different calculation methods and choose one that is suitable in each given situation. Calcultions mainly without faults.

Assessment criteria, satisfactory (1)

Recognizes the central concepts and calculation principles of the course.
- precent and its applicacations
- indexes and value of money
- interest calculation
- credits
-investment methods
Can, in an exam using calculation formulas, solve most of the caluclations which are similar to the examples dealt with during the course. Small, not fundamental, faults are possible.