Business MathematicsLaajuus (5 cr)

Objectives

The student will be able to:
• Understand and explain the basic terms and concepts of business mathematics like revenue, margin, markup, simple and compound interest, currency conversions, etc.
• Solve relevant percent and other calculations in an entrepreneurial context
• Use spreadsheet software for financial calculations

Content

Which are the main concepts and terms in business mathematics?
How to solve percentage calculations that are essential in financial tasks?
How to calculate currency transformations?
How to use spreadsheet software in solving problems related to corporate finances?

Assessment criteria, satisfactory (1-2)

The student has successfully completed the learning assignments. The student is aware of basic concepts and methods in financial mathematics and calculation.

Assessment criteria, good (3-4)

The student has successfully completed the learning assignments. The student has a good practical command of basic concepts and methods in financial mathematics and calculation. The student is able to reflect on practical tasks related to the topic and justify his/her choices. The student is able to apply what he/she has learned in practical situations.

Assessment criteria, excellent (5)

The student has successfully completed the learning assignments. The student masters the basic concepts and methods in financial mathematics and calculation. The student is able to analyze tasks related to the topic and fully justify his/her choices. The student is able to apply what he/she has learned in practical situations.