Use Mathematics to Solve Business Problems

Financial Mathematics is the application of mathematical methods to financial problems. It draws on tools from probability, statistics, and economic theory. This unit standard will allow one to use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues.

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Financial Mathematics is the application of mathematical methods to financial problems. It draws on tools from probability, statistics, and economic theory. This unit standard will allow one to Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues.

This unit standard will be useful to people who aim to achieve recognition at some level in Further Education and Training or to meet the Fundamental requirement of a wide range of qualifications registered on the National Qualifications Framework.

People credited with this unit standard are able to:

Use mathematics to plan and control financial instruments. Use simple and compound interest. Investigate various aspects of costs and revenue including marginal costs, marginal revenue and optimisation of profit. And use mathematics to debate aspects of the national and global economy.

Session 1

1
Lesson 1: Budget
7:39
2
Lesson 2: Budgeting Process
3:13
3
Lesson 3: Terminology
4:41
4
Quiz 1: Using Mathematics for Financial Instruments
8 questions

Session 2

1
Lesson 4: Simple and Compound Interest
9:39
2
Lesson 5: Interest Rates
5:14
3
Lesson 6: Time Value of Money
3:50
4
Lesson 7: Annuity
6:19
5
Lesson 8: Futures
14:59
6
Lesson 9: Investing in Shares
8:53
7
Lesson 10: Pooled Investments
8:27
8
Lesson 11: RA’s vs Endowments
7:31
9
Quiz 2: Simple & Compound Interest
15 questions

Session 3

1
Lesson 12: Profit Maximisation
2:46
2
Lesson 13: Marginal Revenue
9:19
3
Lesson 14: Marginal Cost
5:14
4
Quiz 3: Costs & Revenue
6 questions

Session 4

1
Lesson 15: Exchange Rates
7:37
2
Lesson 16: Currency in Relation to Remuneration
2:14
3
Lesson 17: Monetary Policy
6:13
4
Quiz 4: National & Global Economy
5 questions

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