Financial Mathematics (4 cr)
Code: C-02471-K1281LI-3023
General information
- Enrollment
- 17.03.2025 - 30.04.2025
- Registration for the implementation has ended.
- Timing
- 05.05.2025 - 08.06.2025
- Implementation has ended.
- Number of ECTS credits allocated
- 4 cr
- Local portion
- 4 cr
- Mode of delivery
- Blended learning
- Institution
- Oulu University of Applied Sciences, Linnanmaan kampus
- Teaching languages
- Finnish
- Seats
- 0 - 30
- Course
- C-02471-K1281LI
Evaluation scale
0-5
Objective
Calculating compound interest, recurring deposits and their applications. Investment calculations and financing methods.
Content
Students understand the difference between simple interest and compound interest calculation. Students can calculate compound interest and its applications. They examine various financing options and feasibility comparisons between the options. Students are able to do investment calculations by using the present value method, the method of internal interest rate and annuity method. In addition, they can interpret results generated by different methods and make comparisons between them. Students know how to do loan calculations by means of various intallments of a loan, compare and analyse the results. They understand the purpose and significance of effective interest rate in financial statements. They can apply and make use of spreadsheet programme in financial mathematics.
Materials
Kirja: Saaranen, Kolttola, Pösö: Liike-elämän matematiikka (13. uudistettu painos) Moodlessa oleva lisämateriaali
Teaching methods
Luennot, laskuharjoitukset laskimen avulla sekä taulukkolaskentaohjelmalla (Excel).
Exam schedules
Kurssin tarkka aikataulu ilmoitetaan aloitusluennolla ja Moodlealustalla
Qualifications
Basics of Financial Mathematics.