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: Elli Hämäläinen

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.

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:

*) 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.