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Quantitative Methods

Basic information of the minor

Code: BIZ30800 / BIZ41305

Extent: 24 ECTS

Language: English (some courses in Finnish)

Teachers in charge: Tomi Seppälä, Timo Kuosmanen

Application procedure: The general application procedure for minors at Aalto University, see application periods and instructions http://studyguides.aalto.fi/minors-guide/2017/en/instructions-for-applying/minor.html

Quotas and restrictions: During the academic year 2017-18, maximum of 5 students from other Aalto schools can be granted a study right for the Bachelor's level minor. Of this quota, 4 places remain open for applications in the September 2017 application period.

During the academic year 2017-18, maximum of 5 students from other Aalto schools can be granted a study right for the Bachelor's level minor. Of this quota, 5 places remain open for applications in the September 2017 application period.

Content and structure of the minor

Nowadays large amounts of data are being automatically created through current IT technologies and database systems. As a result, the demand for specialists who are able to manage, analyse and model the rapidly growing supply of information has enormously increased over the last years and will continue to do so in the future. A minor in Quantitative Methods provides both theoretical and practical knowledge of mathematical and statistical tools that can be used to analyse data to support managerial decision making and economic policy. The aim is to effectively use modern managerial tools, such as quantitative models and information technology, in solving practical business problems. The main themes include statistical methods, simulation, optimization, management decision making, risk management, and econometric methods.

Structure of the minor

Minor in Quantitative Methods can be completed either as intermediate level (BIZ30800) or as advanced level (BIZ41305). Advanced level minor is targeted to Master's level students. If you complete the minor as intermediate level, you can only choose intermediate level courses. If you complete the minor as advanced level, you can freely choose courses from both intermediate level and advanced level offerings.

Choose four of the following courses:

Code

Name

Credits

Intermediate level courses

27C01000

Business Decisions 1

6

30C00100

or

30C00600

Statistical Analysis

 

Tilastotieteen jatkokurssi (in Finnish)

6

 

6

30C00200

Econometrics

6

30C00350

Mathematics II *)

6

30C00750

Noin fifty-sixty? Kurssi epävarmuuden käsitteistä, käsittelystä ja käsittämättömyydestä (in Finnish) 1)

6

30C02000

Negotiation Analytics

6

 

Quantitative Methods studies at another university or another Aalto School **)

 6

1) Not lectured 2016-2017

*) Replaces course 30C00300 Mathematical Methods for Economists

**) Must be agreed in advance with the coordinators

Advanced level courses

The following courses you can choose only if you complete the minor as advanced level (BIZ41305).

30E00300

Productivity and Efficiency Analysis 1)

6

30E00400

Simulation

6

30E00500

Quantitative Empirical Research

6

30E00800

Time Series Analysis

6

30E02000

Business Decisions 2

6

30E03000

Data Science for Business

6

90E09000

Current Topics in Quantitative Methods 1)

6

90L56503

Behavioral Decision Making 1)

6

27E01000

Decision Making and Choice Behavior

 6

 

Quantitative Methods studies at another university or another Aalto School **)

 6

1) Not lectured 2016-2017

**) Must be approved by the coordinators in advance

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