Content
• Applications of percentages
• Indices and time value of money
• Interest and compound interest calculations
• Annuities, loans and their comparisons
• Basic concepts of statistical analysis and statistical measurement
• Distributions and descriptive measures
• Basic use of a spreadsheet program’s financial functions and basic features of a statistical software
Learning objectives
The student
• knows basic mathematical and statistical analysis methods of business and is able to apply financial mathematics to solving basic business problems based on working life
• knows the main calculation methods related to finance and investment decisions
• is familiar with the basic concepts of statistical analysis
• is able to select suitable statistical methods and use them in describing the pre-collected statistical data.
Prerequisites
The course materials do not support Mac users. N.B. The spreadsheet program used in the course must be installed on the computer, the online version is not enough.
Teaching methods
The course is designed to provide flexible, self-paced learning. Course materials and problems are available in the Moodle learning environment. Mathematics and statistics exams are taken using an electronic exam system.
There are no pre-knowledge requirements for the course.
Evaluation criteria
The maximum score for the course is 100 points. The mathematics section is worth 60 points, with at least 30 points required to pass. The statistics section is worth 40 points, with at least 20 points required to pass.
The completion of both sections consists of two parts: an exam in the electronic exam system and assignments in the Moodle learning environment. In mathematics, the maximum points are 35 for the exam and 25 for the assignments. In statistics, the maximum points are 25 for the exam and 15 for the assignments.
After a student has passed both sections, the points from mathematics and statistics are added together to determine the grade. The minimum points required for each grade are as follows:
1 - 50 points
2 - 60 points
3 - 70 points
4 - 80 points
5 - 90 points.
NOTE: If either the mathematics or the statistics score is below the acceptance limits, the student will receive a failing grade (0) regardless of the total points.
