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User:Jukeboksi/BBA studies/Math: Difference between revisions
+ This article used to be at the address https://GloBBA12.si/wiki/Math from 2012 to 2016 and https://wiki.study/regarding/Math from 2016 to 2020
(added links to Finnish Wikipedia) |
(+ This article used to be at the address https://GloBBA12.si/wiki/Math from 2012 to 2016 and https://wiki.study/regarding/Math from 2016 to 2020) |
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:Mathematics typically used in commerce includes [[w:elementary arithmetic|elementary arithmetic]], elementary [[w:algebra|algebra]], [[w:statistics|statistics]] and [[w:probability|probability]]. Business management can be made more effective in some cases by use of more advanced mathematics such as [[w:calculus|calculus]], [[w:matrix algebra|matrix algebra]] and [[w:linear programming|linear programming]]. ( Wikipedia ) | :Mathematics typically used in commerce includes [[w:elementary arithmetic|elementary arithmetic]], elementary [[w:algebra|algebra]], [[w:statistics|statistics]] and [[w:probability|probability]]. Business management can be made more effective in some cases by use of more advanced mathematics such as [[w:calculus|calculus]], [[w:matrix algebra|matrix algebra]] and [[w:linear programming|linear programming]]. ( Wikipedia ) | ||
=== Business Math | ---- | ||
= Business Math 1 = | |||
=== Business Math 1 - Session 1: Interest calculations === | |||
* Interest calcualations | * Interest calcualations | ||
** Simple interest calculation '''[[w:Interest|Interest]] = [[w:Bond_(finance)#Principal|Principal]] * [[w:Interest rate|Interest rate]] * Time ( I = P * R * T )''' ( [[w:fi:Korko]] = Pääoma * Korkoprosentti ) | ** Simple interest calculation '''[[w:Interest|Interest]] = [[w:Bond_(finance)#Principal|Principal]] * [[w:Interest rate|Interest rate]] * Time ( I = P * R * T )''' ( [[w:fi:Korko]] = Pääoma * Korkoprosentti ) | ||
** '''[[w:Compound interest]]''' arises when interest is added to the principal, so that, from that moment on, the interest that has been added also earns interest. This addition of interest to the principal is called ''compounding''. | ** '''[[w:Compound interest]]''' arises when interest is added to the principal, so that, from that moment on, the interest that has been added also earns interest. This addition of interest to the principal is called ''compounding''. | ||
=== Business Math | |||
=== Business Math 1 - Session 2: Indices === | |||
* '''[[w:Index (economics)]]''' - In [[w:economics]] and [[w:finance]], an index is a statistical measure of changes in a representative group of individual data points. ( Wikipedia ) | * '''[[w:Index (economics)]]''' - In [[w:economics]] and [[w:finance]], an index is a statistical measure of changes in a representative group of individual data points. ( Wikipedia ) | ||
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* A '''[[w:cost-of-living index]]''' is a theoretical [[w:price index]] that measures relative [[w:cost of living]] over time or regions. It is an index that measures differences in the price of [[w:good (economics)|goods]] and [[w:service (economics)|service]]s, and allows for substitutions to other items as prices vary. ( Wikipedia ) | * A '''[[w:cost-of-living index]]''' is a theoretical [[w:price index]] that measures relative [[w:cost of living]] over time or regions. It is an index that measures differences in the price of [[w:good (economics)|goods]] and [[w:service (economics)|service]]s, and allows for substitutions to other items as prices vary. ( Wikipedia ) | ||
=== Business Math | === Business Math 1 - Session 3: VAT calculations=== | ||
* '''[[w:Value added tax]] ( VAT )''' ( [[w:fi:Arvonlisävero]] ) | * '''[[w:Value added tax]] ( VAT )''' ( [[w:fi:Arvonlisävero]] ) | ||
* The '''[[w:foreign exchange market]]''' (forex, FX, or currency market) ( [[w:fi:Valuuttamarkkinat]] ) is a form of exchange for the global decentralized trading of international currencies. ( Wikipedia ) | * The '''[[w:foreign exchange market]]''' (forex, FX, or currency market) ( [[w:fi:Valuuttamarkkinat]] ) is a form of exchange for the global decentralized trading of international currencies. ( Wikipedia ) | ||
* The '''Current rate''' and the '''[[w:forward exchange rate]]''' (also referred to as '''forward rate''' or '''forward price''') is the [[W:exchange rate]] at which a [[W:commercial bank|bank]] agrees to exchange one [[w:currency]] for another at a future date when it enters into a [[w:forward contract]] with an investor. [[w:Multinational corporation]]s, banks, and other [[w:financial institution]]s enter into forward contracts to take advantage of the forward rate for '''[[w:hedge (finance)|hedging]] purposes'''. ( Wikipedia ) | * The '''Current rate''' and the '''[[w:forward exchange rate]]''' (also referred to as '''forward rate''' or '''forward price''') is the [[W:exchange rate]] at which a [[W:commercial bank|bank]] agrees to exchange one [[w:currency]] for another at a future date when it enters into a [[w:forward contract]] with an investor. [[w:Multinational corporation]]s, banks, and other [[w:financial institution]]s enter into forward contracts to take advantage of the forward rate for '''[[w:hedge (finance)|hedging]] purposes'''. ( Wikipedia ) | ||
=== Business Math | === Business Math 1 - Session 4: Compound interest === | ||
* '''[[w:Compound interest]]''' calculation arises when interest is added to the [[w:principal]], so that, from that moment on, the interest that has been added also earns [[w:interest]]. This addition of interest to the principal is called compounding. ( Wikipedia ) | * '''[[w:Compound interest]]''' calculation arises when interest is added to the [[w:principal]], so that, from that moment on, the interest that has been added also earns [[w:interest]]. This addition of interest to the principal is called compounding. ( Wikipedia ) | ||
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---- | ---- | ||
= Business Math 2 - Business Math with Excel = | |||
Teacher: Jutta Heikkilä | |||
Type of course: [[:Category:Mandatory courses in GloBBA|Mandatory course in GloBBA]] in [[:Category:mathematics]] | |||
Course code: ??? | |||
Course material: Business Mathematics: Part 2 - with Excel by Jutta Heikkilä ( Available only from the shop in Suomen Liikemiesten Kauppaopisto (SLK), ~8€ ) | |||
[[Category:Mandatory courses in GloBBA]] | |||
* '''Periodic payment''' | * '''Periodic payment''' | ||
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* '''[[w:Hire purchase]]''' ( [[w:fi:Osamaksu]] ) is the legal term for a contract, in which persons usually agree to pay for goods in parts or a percentage at a time. ( Wikipedia ) | * '''[[w:Hire purchase]]''' ( [[w:fi:Osamaksu]] ) is the legal term for a contract, in which persons usually agree to pay for goods in parts or a percentage at a time. ( Wikipedia ) | ||
* '''[[w:Leasing]]''' ( [[w:fi:Leasing]] ) is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. ( Wikipedia ) | * '''[[w:Leasing]]''' ( [[w:fi:Leasing]] ) is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. ( Wikipedia ) | ||
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<center>This article '''used to be''' at the address '''<nowiki>https://GloBBA12.si/wiki/Math</nowiki>''' from 2012 to 2016 and '''<nowiki>https://wiki.study/regarding/Math</nowiki>''' from 2016 to 2020</center> | |||
[[Category:realcontent]] | |||
[[Category:Mandatory courses in GloBBA]] | |||
[[Category:Mathematics]] | |||