Personal Finance Management
This module develops our understanding of important household financial decisions by introducing some relevant theoretical concepts, showing how actual calculations are made, and then discussing how these individual decisions are important for society. The individual decision is considered in the context of the macroeconomy, and vice versa, the state of the macroeconomy can then affect the individual decision.
In addition to practical knowledge that could be useful to all students studying the module, they are expected to take away a considerate perspective on the social dimension of personal financial decisions, in a world where financial illiteracy limits the progress of society.
Sustainability concerns are addressed in the introductory part of the module.
All of the resources for this module are available on the ELE (Exeter Learning Environment).
Previously we have had guest lectures on wealth taxation and income taxation from other academics in the Business School.
Students develop their critical thinking, numeracy and logical thinking skills in this module.
Full module specification
|Module title:||Personal Finance Management|
|Duration of module:||
Duration (weeks) - term 2: |
The module aims to give students an understanding of the basic concepts and techniques relating to the management of personal finances. It will provide an understanding of returns, risks, financial planning and forecasting. Students will be introduced to alternative forms of mortgage, investment and insurance, and the methods that can be used to analyse their potential costs and benefits. The impact of taxation upon financial decisions will also be considered. The module is intended to appeal to students both within and outside the Business School.
ILO: Module-specific skills
- 1. demonstrate an understanding of portfolio construction
- 2. construct a financial plan
- 3. describe different forms of mortgage and other types of loan
- 4. describe the major taxes that impact upon financial decisions
ILO: Discipline-specific skills
- 5. explain and evaluate expected returns and risks
- 6. employ discounting
ILO: Personal and key skills
- 7. analyse personal financial decisions
- 8. demonstrate written and problem-solving skills
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Guided independent study||135||Independent study|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Tutorial questions||In class||1-8||In class feedback|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Examination||100||2 hours||1-8||Indicative answers available online.|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Examination||Examination (100%) 2 hours||1-8||August/September assessment period|
• Financial planning
• Managing liquidity
• Risk and return
• Personal financing
• Personal investing
• Wealth protection
Indicative learning resources - Basic reading
Callaghan, G., I. Fribbance, and M. Higginson (2011). Personal Finance. Chichester: Palgrave Macmillan
Module has an active ELE page?
Indicative learning resources - Other resources
Last revision date