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Financial and statistical mathematics (5 cr)

Code: LO00CP82-3004

General information


Enrollment

14.12.2020 - 14.01.2021

Timing

11.01.2021 - 02.04.2021

Number of ECTS credits allocated

5 op

Virtual portion

2 op

Mode of delivery

60 % Contact teaching, 40 % Distance learning

Unit

Department of Logistics and Marine Technology

Campus

Kotka Campus

Teaching languages

  • Finnish

Degree programmes

  • Degree Programme in Logistics

Teachers

  • Virpi Aalto

Teacher in charge

Virpi Aalto

Groups

  • LOKT19SP
    Logistics, full-time studies

Objective

You know how to carry out the most common calculations of financial mathematics and you are able to apply them in the processes related to chains of operations.
You are able to carry out and apply the logistic calculations and use logical reasoning when solving financial problems assess the impact of the solutions obtained.
You know how to present and interpret statistics (tables, graphs, and key stock figures). You know how to use a spreadsheet
program (Excel) in making calculations.

Content

How do you carry out the calculations necessary in logistics?
How do you resolve value added tax bills?
How do you make contribution margin calculations?
How do you calculate index and apply it in economical mathematics?
How do you calculate interest and compound interest and use the commercial applications of these calculations?
What are periodic examinations and how are they used in financial mathematics?
How do you present statistical data with the help of tables, figures and key indicators?
How do you interpret statistical data?
How do you use a spreadsheet program (Excel) in financial mathematics and in the interpretation of statistics?

Evaluation scale

1-5

Qualifications

Basic mathematics
Optional studies: Basic mathematics for logistics