Course overview
The aim of this course is to introduce students to personal financial planning, including the ideas and best-practice methods associated with financial decision-making for individuals. Financial decision-making, planning, and control for individuals. Personal financial statements, budgeting, and
the control of personal finances. Complications: income taxes and personal insurance. Evaluation of borrowing alternatives: using credit and other forms of consumer loans; comparing interest rates, and adjusting for fees; application to the evaluation of housing and personal loans; budgetary considerations and affordability. Evaluation of personal investment alternatives: investment planning; conceptualising risk and return; investing in financial assets; application to investments in shares and other selected assets; borrowing and its effect on risk; introduction to alternative investments; and overview of products and their pitfalls in the financial planning industry.
Course learning outcomes
- Demonstrate proficiency in the application of time value of money concepts and methods to personal financial management decisions
- Evaluate borrowing and personal investment alternatives and their implications for the accumulation of personal wealth
- Formulate and use personal financial budgets as devices for the planning and control of personal finances
- Explain fundamental concepts related to risk and return and their relevance to personal investment planning and financial management decisions
- Demonstrate Business Enterprise Skills in the context of the Financial Planning discipline: i) Self Management (foundation level); and ii) Problem Solving (foundation level).
Availability
Class details
Online
Class number 2005
Section 01OL
Size 500
Available 495
Notes:
Class details
Online
Class number 4005
Section 01OL
Size 500
Available 497
Notes:
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