Business Mathematics (3 cr)
Code: TZLM8300-3003
General information
- Enrollment
-
02.08.2021 - 05.09.2021
Registration for the implementation has ended.
- Timing
-
25.10.2021 - 10.12.2021
Implementation has ended.
- Number of ECTS credits allocated
- 3 cr
- Local portion
- 3 cr
- Mode of delivery
- Face-to-face
- Unit
- School of Technology
- Campus
- Main Campus
- Teaching languages
- Finnish
- Seats
- 0 - 60
- Degree programmes
- Bachelor's Degree Programme in Logistics
- Teachers
- Antti Kosonen
- Pasi Lehtola
- Scheduling groups
- Harjoitus 1 (Capacity: 25 . Open UAS : 0.)
- Harjoitus 2 (Capacity: 25 . Open UAS : 0.)
- Groups
-
TLS20S1Bachelor's Degree Programme in Logistics
- Small groups
- Exercises 1
- Exercises 2
- Course
- TZLM8300
Evaluation scale
0-5
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. - 10.12.2021.
Materials
Saaranen, P., Kolttola, E. & Pöso, J. (2017) Liike-elämän matematiikka. Edita
Teaching methods
Contact teaching (lectures and guided exercises)
Exam schedules
Final exam during week 49
Completion alternatives
Alternative course in English: TZLM8300 Business Mathematics
Student workload
Lectures and guided exercises approximately 20 h
Independent learning approximately 20 h
Exercises approximately 30 h
Preparing for final exam approximately 10 h
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.
Qualifications
Basic use of spreadsheets
Further information
Avoin AMK: 5 paikkaa