Basic information of the minor

Code: BIZ5142

Extent: 24 ECTS

Language: English (some courses in Finnish)

Organizing department: Information and Service Management

Teachers in charge: Tomi Seppälä

Administrative contact: Johanna Haarala

Application procedure: All Aalto students can choose this minor. However, many courses have limited number of seats and students are selected according to the order of priority confirmed in the course description.  You should pay attention to the course-specific prerequisites and make sure you meet them in order to succeed in the courses.

This minor will be discontinued; as of Aug 1, 2022 a student cannot add this minor to their personal study plan anymore.

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

Choose four of the following courses:

Code

Name

ECTS

Period

ISM-C1004

Business Analytics 1

6

II

ISM-C1100

ISM-C1002

Tilastotieteen jatkokurssi ja R (in Finnish)

Tilastotieteen ja data-analytiikan jatkokurssi

6

6

III-IV No longer offered

III-IV 

30C00200

Econometrics

6

III No longer offered

30C00355

Business Mathematics II *)

6

IV No longer offered
30E00400Simulation6I

ISM-E1003

Predictive Analytics **)

6IV Not available in 2022-24

30C02000

Negotiation Analytics

6

V TBA in 2022-24

ISM-E1004

Business Analytics 2

6

III
ISM-E1111Current Topics in Business Analytics6TBA

30E03000

Data Science for Business I

6

I
30E03500Capstone: Data Science for Business II6II

27E01000

Decision Making and Choice Behavior

 6

V


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

 6


*) Replaces course 30C00300 Mathematical Methods for Economists

**) Replaces course 27C01000 Time Series Analysis

***) Must be agreed in advance with the coordinator. Suitable courses can be found for example from Systems and Operations Research subject at the School of Science. Students can complement 5 credit courses with a 1-credit course. Please contact planning officer for more information.