4108630: CF_Personal Finance - Learn for YOUR Life

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Semester:SS 16
Type:Miscellaneous
Language:English
Scheduled in semester:1-6
Semester Hours per Week / Contact Hours:30.0 L / 22.5 h
Self-directed study time:67.5 h

Module coordination/Lecturers

Curricula

Bachelor's degree programme in Business Administration (01.09.2012)
Master's degree programme in Architecture (01.09.2014)
Bachelor's degree programme in Architecture (01.09.2014)
Master's degree programme in Information Systems (01.09.2015)
Master's degree programme in Finance (01.09.2015)
Master's degree programme in Entrepreneurship (01.09.2015)

Description

This is an interactive and practical course on all kind of questions about managing the personal and individual financial situation in daily life. A focus is offered on the specific needs of young people. Although the title seems to be very specific, this course invites students from all study areas to participate. Finance students could profit as much as students from other study fields, from the very practical approach of this course.

Between the teaching lectures students will work in small groups on several specific projects and cases, solutions have to be presented and discussed in class. Some of the questions to be discussed will be:
How to save money, what type of saving plans do exist and what are their advantages/disadvantages?
What type of banking relationships do exist and what is appropriate for my needs?
When should I start investing? How should I invest? What are the most important aspects to consider? Implications of costs and returns on my results? How to manage costs and results? How to select and invest in stocks, bonds, and mutual funds?
How to use a credit card? How to choose the best credit card offer?
What insurance contracts are a must to have? Which type of insurances are not that necessary in your personal situation?
How to decide on several loan offers? How to finance my home (what is affordable, valuation aspects, fixed-rate versus floating-rate contracts)?
How to finance a car? Is leasing an alternative?
When to start with retirement planning and what decisions have to be taken? When will estate planning become an issue?

In this course we will be able to react to all kind of additional questions of participants.

Business leaders and guest speakers will be invited to profit from their special knowledge and to give participants the opportunity to discuss issues of Personal Finance with experts. Guest speakers will represent the real estate market, the art collecting/investing sector, the insurance market, a bond/stock exchange, a shareholders association and a debt counseling association.

Learning Outcomes

Participants …

  • will be able to apply the basics of time value concepts.
  • develop their own personal financial plan.
  • will know bank services and instruments to manage their own liquidity and their own money.
  • will learn how to assess, secure and manage their own credit.
  • will be able to make appropriate personal financing decisions (personal loans, purchasing and financing your home).
  • will be able to decide on their personal wealth protection (the most important insurance contracts to have).
  • will learn to develop their personal investing scheme (investing instruments, asset allocation decisions).
  • will be able to make appropriate decisions for their retirement and estate planning.

Qualifications

Lectures Method

  • individual preparation (pre-reading)
  • several group projects with presentation of results
  • input by lecturers, problem-based teaching

Admission Requirements

Conversation level of English

Literature

  • Frasca, R.R. (2009).Personal Finance. 8th edition, Boston, Prentice Hall.
  • Madura, J. (2011). Personal Finance. 4th edition, Boston, Prentice Hall.

More current newspaper articles and product brochures will be posted according to specific focus and interest of students.

Exam Modalities

Participation in class: 30 %
Several project presentations in group: 40 %
Final written report on the groups projects: 30%

Compulsory attendance (min. 80%)

Assessment

Passed / Failed

  • Course based on continuous assessment, details see under "assessment".
  • Meeting attendance obligations is an essential pre-requisite for successfully completing a course based on continuous assessment.
  • Attendance must be proven for at least 80% of the stipulated contact time. Responsibility for checking and providing written proof of this obligatory attendance lies with the course lecturer who is required to store this information at least until the end of the semester.
  • In the case of absenteeism that exceeds the specified limits of absence, a medical certificate is required. Responsibility lies with the head of the Coordination Office for Cross-Faculty Elective Subjects to approve the reason for the student's failure to attend.
  • Participation in other activities of the university are not recognized as an excused absence.

Comments

Cross-faculty elective subject:
Notice the special Multi-stage allocation process.

Dates

DatumZeitRaum
29.02.201617:30 - 19:00H3
11.04.201617:30 - 20:45H3
18.04.201617:30 - 20:45H3
25.04.201617:30 - 20:45H3
02.05.201617:30 - 20:45H3
09.05.201617:30 - 20:45H3
23.05.201617:30 - 20:45H3
30.05.201617:30 - 20:45H3