2023/2024 BA-BHAAI1090U Personal and Household Finance: from learning how to become rich, to designing public policies
English Title | |
Personal and Household Finance: from learning how to become rich, to designing public policies |
Course information |
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Language | English |
Course ECTS | 7.5 ECTS |
Type | Elective |
Level | Bachelor |
Duration | Summer |
Start time of the course | Summer |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Min. participants | 30 |
Max. participants | 100 |
Study board |
Study Board for BSc in Economics and Business
Administration
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Course coordinator | |
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For academic questions related to the course, please contact course responsible Rodrigo Zeidan (rze.fi@cbs.dk) | |
Main academic disciplines | |
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Teaching methods | |
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Last updated on 22-11-2023 |
Relevant links |
Learning objectives | ||||||||||||||||||||||||||
To achieve the grade 12, students should meet the
following learning objectives with no or only minor mistakes or
errors:
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Course prerequisites | ||||||||||||||||||||||||||
None but ideally students should have some basic knowledge of financial accounting or corporate finance, and micro or macroeconomics. | ||||||||||||||||||||||||||
Examination | ||||||||||||||||||||||||||
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Course content, structure and pedagogical approach | ||||||||||||||||||||||||||
Course content: Financial education is lacking in most countries, developed
countries included. The main goal of the course is to develop an
integrated framework of household finance for private and public
use. Students will learn how to maximize their intertemporal
utility given their life-cycle income, how to become rich if they
want to pay the price for it, how to save, borrow, and purchase
property (and if they should do it at all), and more. In terms of
public policy, students should leave the course with a holistic
view of wealth and income inequality, how poverty restrict sound
financial decision-making and how policies can improve social
outcomes by reducing (or increasing!) income inequality.
Course structure:
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Description of the teaching methods | ||||||||||||||||||||||||||
Tests, lecture notes, case studies, in class examples, worksheets, excel spreadsheets, and articles from financial press, which will form the basis for of the class discussions. | ||||||||||||||||||||||||||
Feedback during the teaching period | ||||||||||||||||||||||||||
Feedback will be constantly provided and the students will need to seek approval regarding the final topic of their action-based plan. | ||||||||||||||||||||||||||
Student workload | ||||||||||||||||||||||||||
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Further Information | ||||||||||||||||||||||||||
6-week course.
Preliminary Assignment: The Nordic Nine pre-course is foundational for the summer university and identical for all bachelor courses. Students will receive an invitation with all details by the end of May. The assignment has two parts. 1.) online lectures and tutorials that student can access at their own time and 2.) one synchronous workshop which will be offered both online and in-person at several dates and times before the official start of the summer university courses. Sign-up is first come first serve. All students are expected to complete this assignment before classes begin.
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Expected literature | ||||||||||||||||||||||||||
Mandatory readings:
Additional relevant readings: Cai, S., & Park, A. (2016). Permanent income and subjective
well-being. Journal of Economic Behavior & Organization, 130,
298-319.
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