BPF_MAPF Managing Personal Finances

Faculty of Economics and Administration
Autumn 2019
Extent and Intensity
1/1/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Barbora Buchtová, Ph.D. (lecturer)
John Gilliam, Ph.D., CFP, CHFC, CLU (lecturer), doc. Ing. Martin Svoboda, Ph.D. (deputy)
Ing. Barbora Buchtová, Ph.D. (seminar tutor)
John Gilliam, Ph.D., CFP, CHFC, CLU (seminar tutor), doc. Ing. Martin Svoboda, Ph.D. (deputy)
Guaranteed by
doc. Ing. Martin Svoboda, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Ing. Barbora Buchtová, Ph.D.
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Wed 10:00–11:50 S301
Prerequisites
No prerequisites needed.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
Upon successful completion of this course, students should be able to:
• Apply the basic personal finance concepts and tools, including time value of money, setting realistic goals, taxes, the planning process, and financial statements, through a case study.
• Demonstrate understanding of the concept of borrowing through mortgages, loans, other types of credit and credit cards, and calculate finance costs associated with those financial products.
• Make informed investment decisions by applying the concepts diversification, liquidity, financial risk tolerance.
• Identify risk management/insurance strategies that will protect an individual/family against financial loss.
Syllabus
  • Syllabus
  • • 1. Introduction to financial planning;
  • • 2. Understanding financial statements and the financial planning process
  • • 3. Taxation and financial planning
  • • 4. Managing your Cash flow and savings
  • • 5. Own, lease or rent; housing and transportation
  • • 6. Using Credit and consumer loans
  • • 7. Protecting yourself
  • • 8. Protecting your property
  • • 9. Investing
  • • 10. Preparing for Retirement
Literature
    required literature
  • GITMAN, Lawrence J, Michael D JOEHNK and Randall S BILLINGSLEY. Personal financial planning. 13th ed. South-Western Cengage Learning, 2014. ISBN 978-1-111-97163-2. info
    recommended literature
  • THOYTS, Rob. Insurance theory and practice. 1st ed. London: Routledge, Taylor & Francis Group, 2010, 323 pp. ISBN 978-0-415-55904-1. info
  • Adequacy of retirement income after pension reforms in Central, Eastern, and Southern Europe. Edited by Robert Holzmann - Ufuk Guven. [Vienna]: ERSTE Stiftung, 2009, xix, 307 p. ISBN 0821377809. info
  • BLAKE, David. Pension finance. Chichester: John Wiley & Sons, 2006, xvii, 465. ISBN 0470058439. info
  • GITMAN, Lawrence J. and Jeff MADURA. Introduction to finance. 1st d. Boston: Addison-Wesley, 2001, xxx, 755. ISBN 0201635372. info
Teaching methods
Lectures, class discussion, class worksheets, written assignments.
This course is designed to provide each student with content, learning opportunities, and evaluation of learning objectives. To be successful in this course, a student should attend to all course content and take advantage of all learning opportunities that are specifically designed to prepare students for the exams and evaluation tasks upon which the final grade is determined. For optimal success, it is imperative that a student adhere to ALL availability periods for all evaluation tasks. The students' attendance in class is required. During the last 4-5 classes, attendance is imperative as this section of the class involves group work and group decision making in a simulated real-life situation. All tasks in this course are set to a fixed schedule and there will be NO opportunity to extend or alter these availability periods.
Assessment methods
Requirements completing assigned questionnaires. The examination will consist of two written tests during the semester and an oral presentation at the end of the semester. A condition of successful completion of the course is to achieve at least 60% of the total points and participation in the two tests and presentation. The maximum achievable score is 100 points. For the evaluation of students, the following scale is used: A 92 - 100%, B 84 - 91%, C 76 - 83%, D 68 - 75%, E 60 - 67%, F less than 60%). Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught only once.
Teacher's information
The course is taught once a week.

The classes will cover the following topics:

• Block 1 Foundations of Financial Planning

• Block 2 Managing Basic Assets and Credit

• Block 3 Managing Insurance Needs

• Block 4 Managing Investments

• Block 5 Retirement and Estate Planning

The course is also listed under the following terms Autumn 2017, Autumn 2018, Autumn 2020, Autumn 2021, Autumn 2022.
  • Enrolment Statistics (Autumn 2019, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2019/BPF_MAPF