ESF:BPF_MAPF Managing Personal Finances - Course Information

BPF_MAPF Managing Personal Finances

Extent and Intensity

1/1/0. 3 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Barbora Buchtová, Ph.D. (lecturer)
John Eugene Gilliam (lecturer), doc. Ing. Martin Svoboda, Ph.D. (deputy)
Ing. Barbora Buchtová, Ph.D. (seminar tutor)
John Eugene Gilliam (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

Mon 16:00–17:50 S305, except Mon 13. 9., except Mon 1. 11.

Prerequisites

No prerequisites needed.

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 2/24, only registered: 0/24, only registered with preference (fields directly associated with the programme): 0/24

fields of study / plans the course is directly associated with

• Business Management and Finance (programme ESF, B-BMF)

Course objectives

The aim of this course is to:
• Develop students' knowledge and capabilities regarding their management of personal finances, including management of basic assets, saving instruments, consumer loans, debt, insurance needs, investments, and retirement plans.

Learning outcomes

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 edition. United States: South-Western Cengage Learning, 2014, xix, 635. ISBN 9781111971649. info

recommended literature
• HOLZMANN, Robert and Ufuk GUVEN. Adequacy of retirement income after pension reforms in Central, Eastern and Southern Europe : eight country studies. Washington: World Bank, 2009, xix, 307. ISBN 9780821377802. info
• THOYTS, Rob. Insurance theory and practice. 1st ed. London: Routledge, Taylor & Francis Group, 2010, 323 pp. ISBN 978-0-415-55904-1. 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.
Please note that the course will be taught partially online and partially in person (face-to-face).
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 annually.

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

• Enrolment Statistics (Autumn 2021, recent)
  
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