Business Mathematics (5cr)

Objectives (course unit)

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 (course unit)

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) (course unit)

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) (course unit)

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) (course unit)

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.

Location and time

Please see the Pakki/Lukkarikone applications and follow the information on Proakatemia's and your teams communication channels.

Exam schedules

To be notified

Assessment methods and criteria

According to the curriculum: self, team, coach/teacher and possibly customer based evaluation reflecting the set goals.

Assessment scale

0-5

Teaching methods

There are hardly any traditional lectures or exams at Proakatemia. Learning methods and environments are for example training sessions 'paja' (primings, dialogue, workshops, independent studying), literature, writing and publising, expert lectures and other fact-finding, project work, seminars, learning cells and common events. Learning is connected with business projects.

Learning materials

Literature advice from coaches, teachers and other teampreneurs.

Student workload

1 ECTS credit point = 27 hours of student's work.

Completion alternatives

to be negotiated with your coach / teacher of the course

Practical training and working life cooperation

Contens of the studies are connected with real life business projects' needs.

Further information

Studies at Proakatemia are integrated to teampreneurs businesses. It is not possible to study separate courses of the curriculum without special arrangements.