Personal Finance

Description

The purpose of this course is to equip students with the necessary skills and tools to manage and assume responsibility for their day to day financial dealings. In particular the course focuses on household budgeting, developing a portfolio of savings and investment products, managing credit and longer term financial commitments including retirement planning and property purchase.

Learning Outcomes

  1. Have an in-depth understanding of the role and benefits of good personal finance planning.

  2. Have an in-depth understanding and knowledge of a variety of personal finance products and services and the channels through which they are delivered to users.

  3. Be aware of the pitfalls, costs and dangers associated with a failure to consider the implications of different personal finance products and services.

  4. Have an understanding of the regulatory environment and the remedies available to consumers and the penalties imposed on financial institutions.

  5. Possess an understanding of the factors which will impact on personal finance issues and decisions in the future, including adequate income provision in retirement, social protection provision and regulatory changes.

  6. Have an appreciation of the importance of the taxation system in the management of the country’s finances, the operation of the taxation system and the ability to prepare basic income tax computations.

Credits
05
% Coursework 30%
% Final Exam 70%