Personal Finance Management

Module description


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.

Additional Information:

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).

External Engagement
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
Module code:BEE1021
Module level:1
Academic year:2019/0
Module lecturers:
  • Dr Joerg Weber - Convenor
Module credit:15
ECTS value:






Duration of module: Duration (weeks) - term 2:


Module aims

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 ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours10Lectures
Contact hours5Tutorials
Guided independent study135Independent study

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Tutorial questionsIn class1-8In class feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Examination1002 hours1-8Indicative answers available online.

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
ExaminationExamination (100%) 2 hours1-8August/September assessment period

Syllabus plan

• 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

Pre-set exercises

Origin date


Last revision date