Differential equations and business mathematics

Structure Type: Course
Code: KC03AE10086
Level: Bachelor
Credits: 3.0 points
Responsible Teacher: Paananen, Juhani
Language of Instruction: Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum  Semester  Credits  Start of Semester  End of Semester
BIOEL-2013   2 autumn   3.0   2014-09-01   2014-12-31  

Learning Outcomes

Upon completion of the course, the student will
- be able to solve simple differential equations
- be able to solve problems concerning compound interest and loan calculations
- be able to solve investment calculations
- be able to use tools of calculation
- be able to use above issues to professional subjects and real problems at work.

Student's Workload

Total work load of the course: 80 h
- of which scheduled studies: 48 h
- of which autonomous studies: 32 h

Prerequisites / Recommended Optional Courses

No previous studies are required.

Contents

- Concept of a differential equation
- separate differential equation
- first and second order linear differential equation
- value-added tax
- compound interest
- loans
- investment calculations.

Recommended or Required Reading

To be announced at the beginning of the course

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures and exercises, independent study

Assessment Criteria

excellent (5): student understands and is able to apply the methods of differential equations and mathematical economics excellently
good (3-4): student understands and is able to apply the methods of differential equations and mathematical economics well
satisfactory (1-2): students understands the basics of differential equations and mathematical economics

Assessment Methods

Final exam

Work Placement

None

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