Business mathematics
| Structure Type: | Course |
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| Code: | KE16A081120 |
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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: | Turunen, Tero |
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| Teacher Team: | Sippola, Leo |
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| Language of Instruction: | Finnish |
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Learning Outcomes
A student is able to calculate by index numbers the changes of prices and general economic activity. The student can construct the real changes of wages and prices. He or she can determine interest, principal, interest rate and interest time in various cases. The student has ability to calculate interest calculations in different situations. The student can determine the future value and the present value of periodic payments. He or she is able to calculate the equal payment of an annuity loan. The student can draw up an instalment payment scheme for different loans. The present value method and the annuity principle can be used in investments by the student.
Student's Workload
- Classroom teaching and exams 40 h
- exercises and independent study 40 h
Prerequisites / Recommended Optional Courses
No prerequisites
Contents
Taxes, index numbers, simple interest, compound interest, periodic payments, loans and investments
Recommended or Required Reading
Lecturer's handout
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures and excercises, independent work.
Assessment Criteria
Will be announced at the beginning of the course.
Assessment Methods
Two exams determine the grade of the course.
Work Placement
None
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