Business Mathematics (3cr)

Objective

The aim is to learn mathematical skills required in entrepreneurship and economics studies and for managing one’s own finances. The students are able to perform the most common calculations needed in business: Percentage and interest calculations, effect of price index on real prices, installments and effective interest rates in different types of loans.

Content

Percentage calculations and applications, simple interest calculations, compound interest calculations, serial payments and financing alternatives.

Qualifications

Mathematics 1

Assessment criteria, satisfactory (1)

- excellent (5) the student masters most concepts and methods and can apply them independently
- good (3-4) the student masters some concepts and methods and can apply them
- satisfactory (1-2) the student understands some concepts and methods