Course content

• Simple arithmetic, algebra and graphical presentation of economic problems, including simple functions and equations
• Percentage calculation
• Financial key figures
• Calculation basis and selective calculation
• Break-even analysis
• Descriptive statistics
• Simple analysis of variance
• Cross-tabulation analysis/covariance

Learning outcome

Knowledge

The candidate must:

1. be able to use numerical calculations to interpret and solve concrete business financial problems

2. be able to produce and use calculation bases to gain a comprehensive understanding of business economic problems

3. have an understanding of the use of statistics in business economics problems

Skills

The candidate must:

1. be able to calculate on interest rates and financial problems

2. be able to calculate on cost and income functions, and solve simple equations that describe economic relationships

3. be able to analyze and discuss financial break-even problems

4. be able to use calculation techniques to find financial key figures and be able to use these as a basis for financial decisions (contribution margin, gross profit, profit margin, cost methods, contribution methods, etc.)

5. be able to apply simple descriptive statistics, perform simple analysis of variance and cross-tabulation

Competence

The candidate must:

1. be able to use mathematics to find possible solutions to practical economical problems

2. be able to transfer solving techniques for one type of financial problem to another

3. be able to understand simple statistical methods and apply them to economical problems

Learning methods and activities

Pedagogy:

Combined sessions with lectures, arithmetical exercises in groups and briefing/ debriefing in plenary.

This course emphasizes collaborative learning.

Compulsory assignments

• Mandatory assignment

Specific conditions

Recommended previous knowledge

As for the study program.

Course materials

Will be specified when the semester starts.