Business Mathematics (5 cr)

Evaluation scale

H-5

Content scheduling

Excel basics
Percentages
Value added tax, inflation, indexes
Financing calculations
Calculations of interest and compound of interest
Financial statements
Assessment of the profitability of investments
Processing large datasets
Data analysis and visualization
Applying Excel for financial mathematics
Investments
Matrix calculation
Profitability and cost

Objective

The student can
- apply mathematical techiques to the solutions of practical business problems
- understand the roles mathematics play in business operations
- make consumer decisions sound in relation to purchasing and investing
- relate mathematical applications to managerial decisions
- understand and use mathematical notation
 

Content

Contents:
- roles of mathematical tools and skills in business operation
- matematical techniques and tools
- mathematical applications in management

Materials

Bronson, G., Bronson, R., & Kieff, M. (2021). Mathematics for Business (7th ed.). Mercury Learning & Information. (e-book finna)
Ummer, E. K. (2011). Basic mathematics for economics, business, and finance. Routledge. https://doi.org/10.4324/9780203817322 (e-book finna)
Business Math for Dummies by Mary Jane Sterling and Benjamin Schultz (can be found as a e-book in the library of Turku UAS)
Own information search
Other materials
https://ville.utu.fi/
Ville registration link for students:
https://ville.utu.fi?c=qRac3pwXhLR2

Teaching methods

lectures
tasks
video tutorials

Pedagogic approaches and sustainable development

flipped learning
Learning by doing

Student workload

estimate student work 140 h.
lectures + preparation 35 h
midterm and final 25 h
other individual work 40 h
Weekly/monthly tasks 40 h

Evaluation methods and criteria

Students skills and knowledge will be evaluated with different exams.
Finals and weekly/mothly assignments and tests.
Weekly/monthly task done by time will give right to attend to subject finals and affect on final grade.

Failed (0)

If student doesn't do weekly/mothly task s/he will not have right to attend Final exam and course will fail.
Attending lecture is mandatory. If student cant attend S/he will fail course.
Less that 140points in ville assignments(monthly/weekly tasks)-> Not right to attend Finals->FAIL.

Assessment criteria, satisfactory (1-2)

48-49% =1

Assessment criteria, good (3-4)

72%=3

Assessment criteria, excellent (5)

92%<=5

Further information

Itslearning.
Each participant must have their own computer and Microsoft Office Excel on it.
Attending lecture is mandatory. If student cant attend S/he will be responsibility to get familiar subject that are covered in class. Its learning and fellow students will be resources turn to.
Being present on the lectures affects the grading of the course since the learning checks are done during lectures.
https://ville.utu.fi/