Infopaket

Business and Financial Mathematics

ОК 23

Обов’язкова дисципліна для ОП

First

2023/2024

1 Semester

4

Know the notions necessary for mathematical calculations in business and finance. Know the main mathematical functions. Know the techniques for preparing input data and their primary analysis. Know the main financial functions. Be able to apply the software for mathematical calculations. Be able to create the input data for further analysis. Be able to analyze the structure of the quantitative data with the descriptive statistics and distribution fitting. Be able to calculate simple and compound interest and depreciation. Master the skills of conducting discussions during selection of the calculation methods. Master the skills of conducting discussions during interpreting results. Make and rationalize a decision on the algorithm of mathematical calculations. Make and rationalize efficiency of financial decisions with mathematical calculations.

Full-time form

- Mathematical knowledge and skills at the high school level. - Basic skills for using modern information technologies. - Proficiency in English

Module 1 Main mathematical calculations 1. Making calculations with software 2. Main mathematical functions 3. Preparing the input data for further analysis 4. Descriptive statistics 5. Data distribution, outliers and random number generation Module 2 Basic financial math 6. Simple interest 7. Compound interest 8. Financial formulas in software 9. Fixed assets depreciation

⦁ Business Mathematics (https://www.toppr.com/guides/business-mathematics-and-statistics/business-mathematics/). ⦁ Chugaiev O. Templates for Calculating in Excel, 2019. ⦁ Excel help & learning / Microsoft (https://support.office.com/en-us/excel) ⦁ Grysenko M.V., Chugaiev O.A. Quantitative Methods for Analysis of International Economic Relations (Concise translated extracts). Kyiv, 2012. ⦁ Levine D., Ramsey P., Smidt R. Applied Statistics for Engineers and Scientists: Using Microsoft Excel & Minitab. Prentice Hall Inc., 2001. ⦁ Numeracy Skills (https://www.skillsyouneed.com/numeracy-skills.html). ⦁ Olivier J. Business Math. A Step-by-Step Handbook. Base Textbook. 2018. ⦁ Shahidul Islam S. M. Business Mathematics. Dhaka: Abir Publications, 2004. ⦁ Van Elst H. An Introduction to Business Mathematics. Karlsruhe: Karlshochschule International University, 2015. ⦁ What to Know About Business Math / Thought Co. (https://www.thoughtco.com/statistics-formulas-4133536).

Lectures, seminars, case study

Reporting and solving problems at the seminars – up to 30 points. Tasks for individual work – up to 18 points. Module control work (case study presentation) – up to 12 points. Exam – up to 40 points.

English