Siirry suoraan sisältöön

Talousmatematiikka (3 cr)

Code: TZLM8300-3001

General information


Enrollment

02.08.2021 - 05.09.2021

Timing

25.10.2021 - 17.12.2021

Number of ECTS credits allocated

3 op

Mode of delivery

Face-to-face

Unit

Teknologiayksikkö

Campus

Pääkampus

Teaching languages

  • English

Seats

0 - 30

Degree programmes

  • Bachelor's Degree Programme in Purchasing and Logistics Engineering

Teachers

  • Antti Kosonen
  • Pasi Lehtola

Teacher in charge

Pasi Lehtola

Groups

  • TLP20S1
    Bachelor's Degree Programme in Purchasing and Logistics Engineering
  • TLP21VS
    Bachelor's Degree Programme in Purchasing and Logistics Engineering (AMK) vaihto-opiskelu/Exchange studies

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

Location and time

The course is implemented 25.10. - 10.12.

Teaching methods

Contact lessons and exercises in computer class.

Exam schedules

Final exam during week 49.
Re-exams will take place in early 2022.

Student workload

Contact teaching about 20 hours
Independent study about 20 hours
Assignments about 30 hours
Preparing for exam about 10 hours

Further information

Open AMK: 5 places
Exchange students:

Evaluation scale

0-5

Arviointikriteerit, tyydyttävä (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.

Arviointikriteerit, hyvä (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.

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.

Qualifications

Basic use of spreadsheets