July 6 – 17, 2020
2 ECTS, 20 contact hours in total
This course empowers to achieve one’s financial goals and become more efficient at personal welfare management!
Personal finance management might be very challenging. Especially when it comes to investment strategies, reducing the risks associated with debt capital, taxation, insurance, etc. This is exactly what this course has to offer to allow students a better understanding of fundamental aspects of personal finance management. The course is taught by Vasilisa Makarova, PhD, Associate Professor, Department of Finance, St. Petersburg School of Economics and Management, HSE; Liudmila Kezhun, PhD, Coordinator of the Bachelor’s Programme in ‘Economics’, HSE; and Aleksander Shchelkanov, PhD, Associate Professor.
I couldn’t agree more with Dr. Paul Walker from St. John’s University who argues in favour of risk management as the instrument to value and more disciplined subjects that outperform those that don not manage risk.
Why Choose This Course?
This course focuses on personal finance, welfare management with elements of rational boundary. Its conception combines traditional and behavioral finances, and development of personal entrepreneurial skills.
- Fundamentals of financial market and financial risk management
- Financial literacy and financial math
- Behavioral finance
- Personal investment methods
- Personal taxation and taxation planning
- Elements of insurance
- Sole entrepreneurship and startups
- Special tax regimes for entrepreneurs
- Personal investments and financial risks
- Trading strategies
Skills and Competences
Upon the course completion students will gain skills in:
- Evaluating personal investments
- Assessment of personal risks
- Planning and forecasting models
- Business skills
Applicants should have basic knowledge in financial economics.
The course combines theoretical and practical components.
Individual project work which includes case study, problem solving, and developing a presentation.
Final Grade Background
Students will be given three tasks (case study, problem solving, presentation). The final grade will be computed according to performance of each of the tasks. In order to complete the course students have to attend no less than 70% of classes.
Recommended Reading List
Personal Finance and Investments. A behavioural finance perspective. Keith Redhead, 2008.
Master Math: Business and Personal Finance Math. Mary Hansen, 2012.