Content
- Applications of percentages
- Indices and time value of money
- Interest and compound interest calculations
- Annuities, loans and their comparisons
- Basic concepts of statistical analysis and statistical measurement
- Distributions and descriptive measures
- Basic use of a spreadsheet program’s financial functions and basic features of a statistical software
Learning objectives
The student
- knows basic mathematical and statistical analysis methods of business and is able to apply financial mathematics to solving basic business problems based on working life
- knows the main calculation methods related to finance and investment decisions
- is familiar with the basic concepts of statistical analysis
- is able to select suitable statistical methods and use them in describing the pre-collected statistical data.
Prerequisites
The course materials do not support Mac users. Please note that the spreadsheet program used in the course must be installed on the computer, the online version is not enough.
Teaching methods
The course is conducted in Moodle learning environment, where all course materials and problems are available from the start time.
There are no pre-knowledge requirements for the course.
Learning material and recommended literature
Teacher materials in Moodle learning environment.
Evaluation criteria
The maximum score for the course is 100 points. The mathematics component is worth 60 points, with at least 30 points required for a passing course completion, and the statistics component is worth 40 points, with at least 20 points required for a passing course completion. In addition, a passing result in the exam for each component (at least 30% of the maximum points) is required.
Each component consists of two parts: the exam, conducted in the EXAM examination system, and assignments in the Moodle learning environment. In mathematics, the maximum points for the exam are 35 and for assignments 25; in statistics, 25 for the exam and 15 for assignments.
When a student has successfully completed both components as well as their exams, the points from mathematics and statistics are summed to determine the final grade. The minimum points required for grades are as follows:
- – 50 points
- – 60 points
- – 70 points
- – 80 points
- – 90 points.
NOTE: If the score or exam result for either mathematics or statistics falls below the passing threshold, the student’s grade is failed (0), regardless of the total score.
Opettaja/Yhteyshenkilö
Tiina Mikkola
Sphokazi Novuka-Mäkinen
