Differential equations and business mathematics
| Structure Type: | Course |
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| Code: | KC05AR00104 |
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| Type: | Compulsory |
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| Level: | Bachelor |
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| Credits: | 3.0 points |
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| Responsible Teacher: | Paananen, Juhani |
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| Language of Instruction: | Finnish |
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Learning Outcomes
Upon completion of the course, students will be competent in solving simple differential equations and calculating compound interest, loans and investments. They will be capable of utilising calculation tools and the above-mentioned calculation methods in their Professional Studies and working world.
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
Algebra and Trigonometry
Differential and Integral Calculus
Contents
- Concept of differential equation
- Separate differential equations
- First- and second-order linear differential equations
- 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: 48 h
- 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
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