Business MathematicsLaajuus (3 cr)
Code: TZLM8300
Credits
3 op
Teaching language
- Finnish
- English
Responsible person
- Pasi Lehtola
- Antti Kosonen
Objective
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Qualifications
Basic use of spreadsheets
Assessment criteria, satisfactory (1)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Assessment criteria, good (3)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Assessment criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Enrollment
18.11.2024 - 09.01.2025
Timing
13.01.2025 - 20.04.2025
Number of ECTS credits allocated
3 op
Virtual portion
2 op
Mode of delivery
34 % Face-to-face, 66 % Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
20 - 25
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Groups
-
TLS24KMMLogistiikka - tutkinto-ohjelma (AMK)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
The course is implemented from January 13, 2025, to April 20, 2025.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Online instruction, classroom instruction.
The course is mainly completed independently. Theory is studied using written materials and instructional videos. Examples are reviewed and practiced during classroom sessions. During weekly online sessions, assistance with course exercises is available.
Active completion of course exercises is essential for achieving the learning objectives.
Practical training and working life connections
-
Exam dates and retake possibilities
Exams will be held during the week starting on April 14th.
The first resit will be on the week starting on May 5th, 2025.
The second resit will be on the week starting on May 26th, 2025.
International connections
-
Alternative completion methods
Information of alternative implementations available at https://opintohaku.jamk.fi/.
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 18h
- exams approximately 4h
- independent studying approximately 59h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices and inflation
- profit margin calculations
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
If a student enrolled in the course does not show activity within three weeks of the start of the course, the enrollment will be rejected.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
18.11.2024 - 09.01.2025
Timing
13.01.2025 - 20.04.2025
Number of ECTS credits allocated
3 op
Mode of delivery
Face-to-face
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
20 - 45
Degree programmes
- Bachelor's Degree Programme in Construction Management
Teachers
- Antti Kosonen
Groups
-
TRM24KMMRakennusmestari (AMK), monimuotototeutus
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
The course is implemented from January 13, 2025, to April 20, 2025.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Online instruction, classroom instruction.
The course is mainly completed independently. Theory is studied using written materials and instructional videos. Examples are reviewed and practiced during classroom sessions. During weekly online sessions, assistance with course exercises is available.
Active completion of course exercises is essential for achieving the learning objectives.
Practical training and working life connections
-
Exam dates and retake possibilities
Exams will be held during the week starting on April 14th.
The first resit will be on the week starting on May 5th, 2025.
The second resit will be on the week starting on May 26th, 2025.
International connections
-
Alternative completion methods
Information of alternative implementations available at https://opintohaku.jamk.fi/.
Student workload
3cr = 3*27h = 81h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices and inflation
- profit margin calculations
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
If a student enrolled in the course does not show activity within three weeks of the start of the course, the enrollment will be rejected.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
18.11.2024 - 09.01.2025
Timing
13.01.2025 - 20.04.2025
Number of ECTS credits allocated
3 op
Virtual portion
3 op
Mode of delivery
Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
10 - 15
Degree programmes
- Bachelor's Degree Programme in Logistics
- Bachelor's Degree Programme in Construction Management
Teachers
- Antti Kosonen
Groups
-
UTIVERKKOInstitute of New Industry, online learning (mechanical, logistics and civil engineering)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
The course is implemented from January 13, 2025, to April 20, 2025.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Online instruction.
The course is mainly completed independently. Theory is studied using written materials and instructional videos. Examples are reviewed and practiced during classroom sessions. During weekly online sessions, assistance with course exercises is available.
Active completion of course exercises is essential for achieving the learning objectives.
Practical training and working life connections
-
Exam dates and retake possibilities
Exams will be held during the week starting on April 14th.
The first resit will be on the week starting on May 5th, 2025.
The second resit will be on the week starting on May 26th, 2025.
International connections
-
Alternative completion methods
Information of alternative implementations available at https://opintohaku.jamk.fi/.
Student workload
3cr = 3*27h = 81h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices and inflation
- profit margin calculations
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
If a student enrolled in the course does not show activity within three weeks of the start of the course, the enrollment will be rejected.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2024 - 22.08.2024
Timing
02.09.2024 - 08.12.2024
Number of ECTS credits allocated
3 op
Mode of delivery
Face-to-face
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
20 - 58
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Scheduling groups
- TLS23SA (Capacity: 35. Open UAS: 0.)
- TLS23SB (Capacity: 35. Open UAS: 0.)
Groups
-
TLS23S1Logistiikka - tutkinto-ohjelma (AMK)
Small groups
- TLS23SA
- TLS23SB
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
The course is implemented from September 2, 2024, to December 8, 2024.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Flipped learning: The theory is studied independently using written material and instructional videos before the weekly lesson. During the weekly contact session, the focus is on problem-solving exercises and personal guidance. Attendance is mandatory at the weekly sessions.
Active participation in solving exercise tasks is necessary to achieve the learning objectives.
Practical training and working life connections
-
Exam dates and retake possibilities
Exams will be held during the week starting on December 2nd.
The first retake session will begin on the week starting on January 13, 2025.
The second retake session will begin on the week starting on February 3, 2025.
International connections
-
Alternative completion methods
- Hybrid implementation in Finnish in the fall of 2024 or the spring of 2025
- Online implementation in Finnish in the spring of 2024
- Face-to-face implementation in English in the fall of 2024
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 18h
- exams approximately 4h
- independent studying approximately 59h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- profit margin calculations
- indices and inflation
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
If a student enrolled in the course does not show activity within three weeks of the start of the course, the enrollment will be rejected.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2024 - 22.08.2024
Timing
02.09.2024 - 08.12.2024
Number of ECTS credits allocated
3 op
Mode of delivery
Face-to-face
Unit
School of Technology
Campus
Main Campus
Teaching languages
- English
Seats
20 - 44
Degree programmes
- Bachelor's Degree Programme in Purchasing and Logistics Engineering
Teachers
- Antti Kosonen
Groups
-
TLP24VSBachelor's Degree Programme in Purchasing and Logistics Engineering (AMK) vaihto-opiskelu/Exchange studies
-
TLP23S1Bachelor's Degree Programme in Purchasing and Logistics Engineering
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
The course is implemented from September 2, 2024, to December 8, 2024.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Flipped learning: The theory is studied independently using written material and instructional videos before the weekly lesson. During the weekly contact session, the focus is on problem-solving exercises and personal guidance. Attendance is mandatory at the weekly sessions.
Active participation in solving exercise tasks is necessary to achieve the learning objectives.
Practical training and working life connections
-
Exam dates and retake possibilities
Exams will be held during the week starting on December 2nd.
The first retake session will begin on the week starting on January 13, 2025.
The second retake session will begin on the week starting on February 3, 2025.
International connections
-
Alternative completion methods
- Hybrid implementation in Finnish in the fall of 2024 or the spring of 2025
- Online implementation in Finnish in the spring of 2024
- Face-to-face implementation in English in the fall of 2024
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 18h
- exams approximately 4h
- independent studying approximately 59h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- profit margin calculations
- indices and inflation
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
If a student enrolled in the course does not show activity within three weeks of the start of the course, the enrollment will be rejected.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2024 - 22.08.2024
Timing
26.08.2024 - 18.12.2024
Number of ECTS credits allocated
3 op
Virtual portion
1.5 op
Mode of delivery
50 % Face-to-face, 50 % Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
20 - 25
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Groups
-
TLS23SMMLogistiikka - tutkinto-ohjelma (AMK)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
The course is implemented from September 2, 2024, to December 8, 2024.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Online instruction, classroom instruction.
The course is mainly completed independently. Theory is studied using written materials and instructional videos. Examples are reviewed and practiced during classroom sessions. During weekly online sessions, assistance with course exercises is available.
Active completion of course exercises is essential for achieving the learning objectives.
Practical training and working life connections
-
Exam dates and retake possibilities
Exams will be held during the week starting on December 2nd.
The first retake session will begin on the week starting on January 13, 2025.
The second retake session will begin on the week starting on February 3, 2025.
International connections
-
Alternative completion methods
- Hybrid implementation in Finnish in the fall of 2024 or the spring of 2025
- Face-to-face implementation in Finnish in the fall of 2024
- Face-to-face implementation in English in the fall of 2024
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 18h
- exams approximately 4h
- independent studying approximately 59h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- profit margin calculations
- indices and inflation
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
If a student enrolled in the course does not show activity within three weeks of the start of the course, the enrollment will be rejected.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
20.11.2023 - 04.01.2024
Timing
08.01.2024 - 30.04.2024
Number of ECTS credits allocated
3 op
Virtual portion
3 op
Mode of delivery
Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 15
Degree programmes
- Bachelor's Degree Programme in Logistics
- Bachelor's Degree Programme in Construction Management
Teachers
- Antti Kosonen
Groups
-
UTIVERKKOInstitute of New Industry, online learning (mechanical, logistics and civil engineering)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 8.1.2024 - 30.4.2024.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus.
E-learning: Weekly online lessons, exercises and independent work.
Practical training and working life connections
-
Exam dates and retake possibilities
Exam dates will be published at the beginning of the course.
International connections
-
Alternative completion methods
- Online implementation in Finnish in the spring or autumn of 2024
- Face-to-face implementation in Finnish in the fall of 2024
- Face-to-face implementation in English in the fall of 2024
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 10h
- guidance session approximately 7h
- exams approximately 4h
- independent studying approximately 60h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices and inflation
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment profitability calculations
- comparison of investment alternatives
- profit margin calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
20.11.2023 - 04.01.2024
Timing
08.01.2024 - 30.04.2024
Number of ECTS credits allocated
3 op
Virtual portion
2 op
Mode of delivery
34 % Face-to-face, 66 % Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 35
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Groups
-
TLS23KMMLogistiikka - tutkinto-ohjelma (AMK)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 8.1.2024 - 30.4.2024.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus.
E-learning: Weekly online lessons, exercises and independent work.
Practical training and working life connections
-
Exam dates and retake possibilities
Exam dates will be published at the beginning of the course.
International connections
-
Alternative completion methods
- Online implementation in Finnish in the spring or autumn of 2024
- Face-to-face implementation in Finnish in the fall of 2024
- Face-to-face implementation in English in the fall of 2024
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 10h
- guidance session approximately 7h
- exams approximately 4h
- independent studying approximately 60h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices and inflation
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment profitability calculations
- comparison of investment alternatives
- profit margin calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
20.11.2023 - 04.01.2024
Timing
08.01.2024 - 30.04.2024
Number of ECTS credits allocated
3 op
Virtual portion
2 op
Mode of delivery
34 % Face-to-face, 66 % Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 30
Degree programmes
- Bachelor's Degree Programme in Construction Management
Teachers
- Antti Kosonen
Groups
-
TRM23KMMRakennusmestari (AMK)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 8.1.2024 - 30.4.2024.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus.
E-learning: Weekly online lessons, exercises and independent work.
Practical training and working life connections
-
Exam dates and retake possibilities
Exam dates will be published at the beginning of the course.
International connections
-
Alternative completion methods
- Online implementation in Finnish in the spring or autumn of 2024
- Face-to-face implementation in Finnish in the fall of 2024
- Face-to-face implementation in English in the fall of 2024
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 10h
- guidance session approximately 7h
- exams approximately 4h
- independent studying approximately 60h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices and inflation
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment profitability calculations
- comparison of investment alternatives
- profit margin calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2023 - 24.08.2023
Timing
28.08.2023 - 19.12.2023
Number of ECTS credits allocated
3 op
Virtual portion
3 op
Mode of delivery
Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 15
Degree programmes
- Bachelor's Degree Programme in Logistics
- Bachelor's Degree Programme in Construction Management
Teachers
- Antti Kosonen
Groups
-
UTIVERKKOInstitute of New Industry, online learning (mechanical, logistics and civil engineering)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 21.8.2023 - 17.12.2023.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
E-learning: Weekly online lessons, exercises and independent work.
Practical training and working life connections
-
Exam dates and retake possibilities
Supervised exams in week 49.
1st resit in the week starting 8 January 2024
2nd resit in the week starting February 5 2024
International connections
-
Alternative completion methods
- Online implementation in Finnish in the fall of 2023 or in the spring of 2024
- Face-to-face implementation in Finnish in the fall of 2023
- Face-to-face implementation in English in the fall of 2023
Student workload
3cr = 3*27h = 81h, of which...
- guidance session approximately 7h
- exams approximately 4h
- independent studying approximately 70h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment profitability calculations
- comparison of investment alternatives
- profit margin calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2023 - 24.08.2023
Timing
28.08.2023 - 19.12.2023
Number of ECTS credits allocated
3 op
Virtual portion
2 op
Mode of delivery
34 % Face-to-face, 66 % Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 35
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Groups
-
TLS22SMMLogistiikka - tutkinto-ohjelma (AMK)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 21.8.2023 - 17.12.2023.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus.
E-learning: Weekly online lessons, exercises and independent work.
Practical training and working life connections
-
Exam dates and retake possibilities
Exams in week 49.
1st resit in the week starting 8 January 2024
2nd resit in the week starting February 5 2024
International connections
-
Alternative completion methods
- Online implementation in Finnish in the fall of 2023 or in the spring of 2024
- Face-to-face implementation in English in the fall of 2023
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 10h
- guidance session approximately 7h
- exams approximately 4h
- independent studying approximately 60h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment profitability calculations
- comparison of investment alternatives
- profit margin calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2023 - 24.08.2023
Timing
28.08.2023 - 19.12.2023
Number of ECTS credits allocated
3 op
Mode of delivery
Face-to-face
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 55
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Scheduling groups
- TLS22SA (Capacity: 30. Open UAS: 0.)
- TLS22SB (Capacity: 30. Open UAS: 0.)
Groups
-
TLS22S1Logistiikka - tutkinto-ohjelma (AMK)
Small groups
- TLS22SA
- TLS22SB
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 28.8.2023 - 5.11.2023.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus, exercises and independent studying.
Practical training and working life connections
-
Exam dates and retake possibilities
The exams will take place at:
- Lessons of the week starting on 30.11.
- First resit 22.11.2023
- Second resit 13.12.2023
International connections
-
Alternative completion methods
- Online implementation in Finnish in the fall of 2023 or in the spring of 2024
- Hybrid implementation in Finnish in the fall of 2023 or the spring of 2024
- Face-to-face implementation in English in the fall of 2023
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 24h
- exams approximately 4h
- independent studying approximately 53h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices and inflation
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment profitability calculations
- comparison of investment alternatives
- profit margin calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2023 - 24.08.2023
Timing
28.08.2023 - 19.12.2023
Number of ECTS credits allocated
3 op
Mode of delivery
Face-to-face
Unit
School of Technology
Campus
Main Campus
Teaching languages
- English
Seats
0 - 30
Degree programmes
- Bachelor's Degree Programme in Purchasing and Logistics Engineering
Teachers
- Antti Kosonen
Groups
-
TLP22S1Bachelor's Degree Programme in Purchasing and Logistics Engineering
-
TLP23VSBachelor's Degree Programme in Purchasing and Logistics Engineering (AMK) vaihto-opiskelu/Exchange studies
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 28.8.2023 - 5.11.2023.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2019. Fundamentals of engineering economics. Fourth edition, Global edition. NY, NY: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus, exercises and independent studying.
Practical training and working life connections
-
Exam dates and retake possibilities
The exams will take place at:
- Lessons of the week starting on 30.11.
- First resit 22.11.2023
- Second resit 13.12.2023
International connections
-
Alternative completion methods
- Online implementation in Finnish in the fall of 2023 or in the spring of 2024
- Hybrid implementation in Finnish in the fall of 2023 or the spring of 2024
- Face-to-face implementation in Finnish in the fall of 2023
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 24h
- exams approximately 4h
- independent studying approximately 53h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indices and inflation
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment profitability calculations
- comparison of investment alternatives
- profit margin calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.11.2022 - 05.01.2023
Timing
09.01.2023 - 19.05.2023
Number of ECTS credits allocated
3 op
Virtual portion
3 op
Mode of delivery
Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 5
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Teacher in charge
Antti Kosonen
Groups
-
LOGRAKVERKKOLogistiikan ja rakentamisen verkko-opetus
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 9.1.2023 - 19.5.2023.
Learning materials and recommended literature
Learning material available in the learning environment.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2007. Contemporary engineering economics. 4th ed. Upper Saddle River, NJ: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Online-learning. Exercises and independent studying.
Practical training and working life connections
-
Exam dates and retake possibilities
Possible dates for exam / resit:
- 18.1.2023
- 8.2.2023
- 22.3.2023
- 12.4.2023
- 17.5.2023
- 31.5.2023
International connections
-
Alternative completion methods
- Face-to-face implementation in English in the fall of 2022
- Hybrid implementation in Finnish in the spring of 2023
- Online implementation in Finnish in the spring of 2023
Student workload
Calculatory workload:
27 h/op * 3op = 81 h
Of this approximately
- 32 h of studying the material
- 45 h of exercises
- 4 h for exams
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indexes
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.11.2022 - 05.01.2023
Timing
09.01.2023 - 31.05.2023
Number of ECTS credits allocated
3 op
Virtual portion
1 op
Mode of delivery
67 % Face-to-face, 33 % Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 40
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Teacher in charge
Antti Kosonen
Groups
-
TLS22KMMLogistiikan tutkinto-ohjelma (AMK)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 13.3.2023 - 30.4.2023.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2007. Contemporary engineering economics. 4th ed. Upper Saddle River, NJ: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus.
E-learning: Weekly online lessons, exercises and independent work.
Practical training and working life connections
-
Exam dates and retake possibilities
The dates of the exams are:
- On week 17. Exact dates depend on the scheduling of face-to-face lessons.
- 1st resit 17.5.2023
- 2nd resit 31.5.2023
International connections
-
Alternative completion methods
- Online implementation in Finnish in the fall of 2022 or in the spring of 2023
- Face-to-face implementation in English in the fall of 2022
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 10h
- exams approximately 4h
- independent studying approximately 67h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indexes
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your Grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2022 - 24.10.2022
Timing
31.10.2022 - 18.12.2022
Number of ECTS credits allocated
3 op
Mode of delivery
Face-to-face
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 55
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Teacher in charge
Antti Kosonen
Scheduling groups
- TLS21SA (Capacity: 35. Open UAS: 0.)
- TLS21SB (Capacity: 35. Open UAS: 0.)
Groups
-
TLS21S1Logistiikan tutkinto-ohjelma (AMK)
Small groups
- TLS21SA
- TLS21SB
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 31.10.2022 - 18.12.2022.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2007. Contemporary engineering economics. 4th ed. Upper Saddle River, NJ: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus, exercises and independent studying.
Practical training and working life connections
-
Exam dates and retake possibilities
The dates of the exams are:
- Lessons of the week starting on 12.12.
- First resit 18.1.2023
- Second resit 8.2.2023
International connections
-
Alternative completion methods
- Online implementation in Finnish in the fall of 2022 or in the spring of 2023
- Face-to-face implementation in English in the fall of 2022
- Hybrid implementation in Finnish in the spring of 2023
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 24h
- exams approximately 4h
- independent studying approximately 53h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indexes
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your Grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2022 - 24.10.2022
Timing
31.10.2022 - 18.12.2022
Number of ECTS credits allocated
3 op
Mode of delivery
Face-to-face
Unit
School of Technology
Campus
Main Campus
Teaching languages
- English
Seats
0 - 30
Degree programmes
- Bachelor's Degree Programme in Purchasing and Logistics Engineering
Teachers
- Antti Kosonen
Teacher in charge
Antti Kosonen
Groups
-
TLP22VSBachelor's Degree Programme in Purchasing and Logistics Engineering (AMK) vaihto-opiskelu/Exchange studies
-
TLP21S1Bachelor's Degree Programme in Purchasing and Logistics Engineering
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 31.10.2022 - 18.12.2022.
Learning materials and recommended literature
Learning material prepared by teacher.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2007. Contemporary engineering economics. 4th ed. Upper Saddle River, NJ: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Face-to-face learning: Lectures at the Rajakatu campus, exercises and independent studying.
Practical training and working life connections
-
Exam dates and retake possibilities
The dates of the exams are:
- Lessons of the week starting on 12.12.
- First resit 18.1.2023
- Second resit 8.2.2023
International connections
-
Alternative completion methods
No alternative implementations in English.
Alternative implementations in Finnish:
- Online implementation in Finnish in the fall of 2022 or in the spring of 2023
- Face-to-face implementation in Finnish in the fall of 2022
- Hybrid implementation in Finnish in the spring of 2023
Student workload
3cr = 3*27h = 81h, of which...
- lessons approximately 24h
- exams approximately 4h
- independent studying approximately 53h
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indexes
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your Grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.08.2022 - 25.08.2022
Timing
29.08.2022 - 21.12.2022
Number of ECTS credits allocated
3 op
Virtual portion
3 op
Mode of delivery
Online learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 20
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Antti Kosonen
Teacher in charge
Antti Kosonen
Groups
-
LOGRAKVERKKOLogistiikan ja rakentamisen verkko-opetus
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Time and location
This implementation takes place 29.8.2022 - 21.12.2022.
Learning materials and recommended literature
Learning material available in the learning environment.
Books in Finnish:
- Saaranen, P., Kolttola, E. & Pösö, J. 2016. Liike-elämän matematiikka. 11. uudistettu painos. Helsinki: Edita.
- Pulkkinen, P. & Holopainen, M. 2006. Talous- ja rahoitusmatematiikka. 4. uud. p. Helsinki: WSOY oppimateriaalit.
Books in English:
- Park, C. S. 2007. Contemporary engineering economics. 4th ed. Upper Saddle River, NJ: Pearson.
- Newnan, D. G., Eschenbach, T. G. & Lavelle, J. P. 2016. Engineering economic analysis. International twelfth edition. New York: Oxford University Press.
- Farr, J. V. & Faber, I. 2021. Engineering Economics of Life Cycle Cost Analysis. Boca Raton, FL: CRC Press.
Teaching methods
Online-learning. Exercises and independent studying.
Practical training and working life connections
-
Exam dates and retake possibilities
Possible dates for exam / resit:
- 9.11.2022
- 30.11.2022
- 14.12.2022
- 18.1.2023
- 8.2.2023
International connections
-
Alternative completion methods
- Face-to-face implementation in English in the fall of 2022
- Hybrid implementation in Finnish in the spring of 2023
- Online implementation in Finnish in the spring of 2023
Student workload
Calculatory workload:
27 h/op * 3op = 81 h
Of this approximately
- 32 h of studying the material
- 45 h of exercises
- 4 h for exams
Content scheduling
More precise timing will be presented in the beginning of the course, but the topics will be discussed more or less in the following order:
- indexes
- simple interest
- compound interest
- periodic payments
- financial calculations
- investment calculations
Further information for students
Final exam in two parts. Part 1 determines whether you pass or fail, part 2 determines your grade.
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets
Enrollment
01.11.2021 - 09.01.2022
Timing
07.03.2022 - 10.05.2022
Number of ECTS credits allocated
3 op
Mode of delivery
Face-to-face
Unit
School of Technology
Campus
Main Campus
Teaching languages
- Finnish
Seats
0 - 45
Degree programmes
- Bachelor's Degree Programme in Logistics
Teachers
- Pasi Lehtola
Teacher in charge
Pasi Lehtola
Groups
-
TLS21KMMLogistiikan tutkinto-ohjelma (AMK)
Objectives
Purpose
You get to know the mathematical principles of business economy. You understand the time value of money. You are able to estimate the profitability of operations by using financial calculations.
Learning outcomes
You know the basic concepts and methods in business economy used by engineers. You can perform calculations involved with interest, indexes, financing, investment and life cycle cost by using spreadsheets and make estimates based on them about the economic worth of operations.
Content
Time value of money. Using indexes.
Interest, discounting and recurring amounts
Financial calculations
Investment calculations
Life cycle cost calculations
Optimal replacement time of equipment
Using Excel
Learning materials and recommended literature
Saaranen, P., Kolttola, E. & Pöso, J. (2017) Liike-elämän matematiikka. Edita
Teaching methods
Monimuotototeutus sisältää kontaktiopetusta, itsenäistä opiskelua ennen kontakteja ja niiden jälkeen palautettavia oppimistehtäviä
Alternative completion methods
Korvaava englanninkielinen opintojakso TZLM8300 Business Mathematics
Student workload
Kontaktitunnit noin 15 h
Itsenäinen opiskelu noin 30 h
Harjoitustehtävät noin 30 h
Kokeeseen valmistautuminen noin 5 h
Evaluation scale
0-5
Evaluation criteria, satisfactory (1-2)
Sufficient 1
You have achieved the desired goals. You know a few of the concepts and methods and how to apply them in familiar situations but your reasoning is often deficient and you make mistakes in calculations.
Satisfactory 2
You have achieved the desired goals. You know many of the concepts and methods and how to apply them in familiar situations but your reasoning is sometimes deficient or you make mistakes in calculations.
Evaluation criteria, good (3-4)
Good 3
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in familiar situations showing often the ability to reason completely and calculate flawlessly
Very good 4
You have achieved the desired goals. You know most of the concepts and methods and how to apply them in new situations showing in most cases the ability to reason completely and calculate flawlessly.
Evaluation criteria, excellent (5)
Excellent 5
You have achieved the desired goals. You know all the concepts and methods and how to apply them in new situations showing always the ability to combine things, reason completely and calculate flawlessly.
Prerequisites
Basic use of spreadsheets