Business Mathematics (3 cr)

Objectives (course unit)

The aim of the study module is to provide a basic understanding of the concepts of business mathematics.

Upon completing the study module, the student will:
• be familiar with the fundamental principles and concepts of business mathematics
• understand the significance of taxation in business operations
• be able to calculate gross profit margin and profitability
• be able to interpret indices and their impacts on the economy
• understand the significance of currencies in international trade
• be able to perform simple interest calculations and compound interest calculations.

Content (course unit)

• Percentage calculation
• Taxation
• Gross profit margin and profitability
• Indices
• Currencies
• Simple interest calculation
• Compound interest

Assessment criteria, satisfactory (1-2) (course unit)

Student
• can perform basic percentage calculations
• can make simple currency conversions and identify common currencies
• is familiar with basic concepts such as gross profit margin and profitability
• can calculate simple interest rates and identify the principles of basic compound interest calculations

Assessment criteria, good (3-4) (course unit)

Student
• masters various applications of percentage calculation
• is familiar with the basic principles of taxation and can calculate the amount of tax in simple situations
• can apply gross profit margin and profitability in practical business situations.
• can calculate and interpret index numbers in different contexts

Assessment criteria, excellent (5) (course unit)

Student
• demonstrates a profound understanding of percentage calculation and can apply it in more complex situations
• is capable of analyzing the impact of taxation on business operations and can calculate taxes in more complex situations
• shows strong proficiency in the concepts of gross profit margin and profitability and can apply them to realistic business situations
• demonstrates a deep understanding of the use of index numbers and can use them flexibly in various situations

Assessment scale

0-5